Thursday, August 18, 2016

Most Asian Stocks Rise as Fed Cautious Outlook

Asian stocks is rising, it's described by the latest stocks news data, Asian shares are on track for their biggest single-day rise in nearly two weeks while the safe haven currency US dollar retreated after minutes of the U.S. Federal Reserve's latest meeting showed that the chances of a September rate hike are looking pretty slim.

Meanwhile MSCI's broadest index of Asia-Pacific shares outside Japan get the biggest rise since Aug. 8, as investors took the Fed's hesitancy as a reason to increase their positions after a 14 percent rise over the last two months. Tech and telecom firms shone.

As reported by Reuters, "Right now, observers think a September policy rate hike is off the table," Richard Clarida, global strategic advisor at bond giant PIMCO, wrote in a blog.

From Hong Kong stocks market news, Hong Kong shares were the top gainer in Asia with a 1 percent rise, while a stronger yen, thanks to the Fed's cautious outlook and federal reserve rate hawkish, it's pulled Japan's Nikkei back 0.9 percent.

According to The July meeting's minutes published on Wednesday showed that Fed policymakers were generally upbeat about the U.S. economic outlook and labor market. But they also said they wanted to "leave their policy options open" as any slowdown in hiring would argue against near-term monetary tightening.

Global forex trader and stocks Investors predict the Fed will raise the rate twice in 2016, Market participants interpreted the minutes as moderately positive for risk-taking, with the Fed remaining divided on the timing of the next hike. Futures contracts dipped slightly, signaling a receding of bets on a U.S. rate increase.

Source : Reuters

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