Asia Pacific stocks set to rise as U.S. Fed keeps rates on hold; Japan's June retail sales data expected

Futures pointed to a higher open for stocks in Japan. The Nikkei futures contract in Chicago was at 22,535 while its counterpart in Osaka was at 22,530. That compared against theShares in Australia were also set to rise, with the SPI futures contract at 6,029.0, as compared to theIn a widely expected move, the Fed on Wednesday kept its benchmark overnight lending rate near zero.

"The focus now turns to the September meeting where the expectation is the Fed will provide more forward guidance," Tapas Strickland, director of economics at National Australia Bank, wrote in a note. "At some point the Fed may also look to increase the rate of bond purchases to offset any increase in issuance on the back of increased fiscal spending and focus will remain on the prospects of the Fed to adopt yield curve control at some point in the future," Strickland said.

On the economic data front, Japanese retail sales data for June is expected to be out at around 7:50 a.m. HK/SIN. Meanwhile, South Korean industry heavyweight Samsung Electronics is also set to report its second-quarter earnings on Thursday. The firm said in early July that its

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia Pacific stocks set to slip ahead of U.S. Federal Reserve rate decisionStocks in Asia Pacific were set to trade lower at the Wednesday open as investors await the U.S. Federal Reserve's interest rate decision. Is this article a fucking joke? Rate decision? Rates are at 0 and staying there, Fed has already said they aren’t going negative and rates will remain at O for foreseeable future. cnbc is trash!
Source: CNBC - 🏆 12. / 72 Read more »

Asia Pacific stocks set for mixed start as investors watch coronavirus developmentsStocks in Asia Pacific were set for a mixed start as investors continue to monitor developments on the coronavirus front. If someone is in the game of long term wealth creation, these are exactly the kind of headlines you should stay away from. Invest regularly at relatively lower prices, keep doing it for years, reap great returns lifelong - that what will get you to financialindependence FI
Source: CNBC - 🏆 12. / 72 Read more »

Asia Pacific stocks set to slip ahead of U.S. Federal Reserve rate decisionStocks in Asia Pacific were set to trade lower at the Wednesday open as investors await the U.S. Federal Reserve's interest rate decision. Is this article a fucking joke? Rate decision? Rates are at 0 and staying there, Fed has already said they aren’t going negative and rates will remain at O for foreseeable future. cnbc is trash!
Source: CNBC - 🏆 12. / 72 Read more »