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Asian markets decline ahead of Fed comments

Asian markets decline ahead of Fed comments MarketWatch 4 days ago ASSOCIATED PRESS TOKYO Asian shares were lower Wednesday as world markets cautiously awaited the U.S. central bank’s latest comments on the economic outlook. Japan’s benchmark Nikkei 225 gave up early gains and slid 0.2% while South Korea’s Kospi retreated 1%. Australia’s S&P/ASX 200 dipped 0.7%. Hong Kong’s Hang Seng declined 0.2%, while the Shanghai Composite fell 0.4%. Benchmark indexes in Singapore Taiwan and Indonesia slipped as well. Investors are awaiting the Federal Reserve’s latest economic and interest rate projections, expected later in the day. Economists expect Fed Chair Jerome Powell will try to convince jittery financial markets that the central bank can continue providing support without igniting higher inflation.

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US stock futures trade lower ahead of Powell comments

Powered by Economists expect Fed Chair Jerome Powell will try to convince jittery financial markets that the central bank can continue providing support without igniting inflation. Those worries have recently pushed bond yields higher, sapping buying demand for shares. The Fed meeting “carries the potential to either allay or heighten some of the market’s recent concern with regard to the soaring bond yields,” said Jingyi Pan, senior market strategist at IG in Singapore. Jeffrey Halley, senior market analyst Asia Pacific at OANDA said U.S. Secretary of State Antony Blinken s comments about China, while visiting Japan and South Korea, also dampened regional sentiments.

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Asian shares slip ahead of Fed s view on US economic outlook

Wall Street closes higher after Fed says will keep rates low DAMIAN J. TROISE and ALEX VEIGA, AP Business Writers March 17, 2021 FacebookTwitterEmail 3 1of3FILE - In this Oct. 14, 2020 file photo, pedestrians pass the New York Stock Exchange in New York. Shares are opening mostly lower on Wall Street, Wednesday, March 17, 2021, as investors cautiously await the U.S. central bank’s latest assessment on the economy.Frank Franklin II/APShow MoreShow Less 2of3A man walks past a bank s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Wednesday, March 17, 2021. Asian shares were mixed Wednesday as world markets cautiously awaited the U.S. central bank s latest comments on how it views the economic picture.Vincent Yu/APShow MoreShow Less

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Asian shares mixed after US stock fall ahead of Fed me

Asian shares mixed after US stock fall ahead of Fed me
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Stocks fall on Wall Street ahead of Fed view on US econ

Stocks fall on Wall Street ahead of Fed view on US econ
accesswdun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accesswdun.com Daily Mail and Mail on Sunday newspapers.

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