NEW YORK — Asian shares pushed higher on Wednesday, again led by gains in China, after U.S. stocks climbed to more records in a quiet day of trading.
“But for now, Chinese stocks are gobbling up these stimulus efforts like they’re at an all-you-can-eat buffet,” he said.Australia’s S&P/ASX 200 added 0.1% to 8,149.00. The Federal Reserve’s drastic turn last week in how it sets interest rate has buoyed markets. It’s now lowering rates to ease pressure on the U.S. economy after keeping them high for years in hopes of extinguishing high inflation.
A report released Tuesday showed U.S. households are feeling more worried about the job market. Their overall confidence level sank in September, according to the Conference Board, instead of rising like economists expected. That’s a big deal because spending by U.S. consumers is the heart of the U.S. economy.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Asian shares gain as China eases rates to aid property industryAsian shares have advanced, with Chinese markets logging the biggest gains after the central bank announced a slew of measures to support the economy.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: Asian shares gain as China eases rates to aid property industryAsian shares have advanced, with Chinese markets logging the biggest gains after the central bank announced a slew of measures to support the economy.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian shares gain as China eases rates to aid property industryAsian shares have advanced, with Chinese markets logging the biggest gains after the central bank announced a slew of measures to support the economy. Shares in Hong Kong jumped 2%. U.S. futures edged lower while oil prices gained. On Monday, U.S. stock indexes reached new heights with the S&P 500 gaining 0.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian shares echo Wall Street rally as investors gauge inflation dataAsian shares are trading mostly higher after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a year and a half.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: Asian shares echo Wall Street rally as investors gauge inflation dataAsian shares are trading mostly higher after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a year and a half.
Source: ksatnews - 🏆 442. / 53 Read more »