TOKYO (Reuters) - Asian shares rose modestly on Tuesday, with technology stocks nosing ahead, while the dollar held its ground ahead of a Federal Reserve policy meeting expected to reiterate a pledge to keep rates low for a long time.
WASHINGTON — The Federal Reserve on Wednesday opened the door further for an interest rate hike as early as June, ending its pledge to be “patient” in normalizing monetary policy.
But the U.S. central bank signaled a more cautious outlook for U.S. economic growth and slashed its projected interest rate path, in a sign that it remains concerned about the health of the recovery.
TOKYO: Asian shares and the dollar inched higher on Tuesday but caution reigned after Wall Street skidded as investors awaited this week's US Federal Reserve policy decision. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 per cent, after Wall Street logged losses, with US trading volume at its lowest in a month as markets awaited the Fed outcome. Japan's Nikkei stock index rose 0.6 per cent as investors awaited the outcome of the Bank of Japan's two-day policy meeting later this session, as well as BOJ Governor Haruhiko Kuroda's post-meeting speech.
TOKYO: Asian shares rose slightly in early trade on Tuesday, with sentiment bolstered by China's easing move and gains in oil prices but also constrained by lacklustre US and European data that kept concerns about global growth momentum alive. MSCI's broadest index of Asia-Pacific shares outside Japan was up about 0.2 per cent. Japan's Nikkei was down 0.5 per cent in early trading, crimped by gains in the yen. The People's Bank of China (PBOC) said on its website on Monday that it cut its reserve requirement ratio, or the amount of cash that banks must hold as reserves, by 50 basis points.
NEW DELHI: The Reserve Bank of India (RBI), which is scheduled to hold its monetary policy meeting on Tuesday, is likely to set the tone for Dalal Street for the rest of the week. Traders in derivatives markets are creating bullish bets on select interest rate-sensitive stocks, like banking and automobiles, ahead of the RBI monetary policy meeting. However, the Street remains divided on the outcome of the RBI policy meeting. Most of the analyst see a status quo on rates, but the commentary on further rate cuts will be something which market participants will be watching.
TOKYO: Asian shares hovered close to 5-1/2-month highs on Thursday as oil prices showed surprising resilience partly on hopes that oil producers may eventually agree on a measure to ease a global glut. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent while Japan's Nikkei gained 2.0 per cent. Wall Street shares ended less than 2 per cent short of a record-high close on Wednesday as a rebound in oil prices added to optimism sparked by a raft of earnings reports. The S&P 500 gained 0.08 per cent to 2,102.4, and up 15 per cent since mid-February.
Washington (AFP) - The Federal Reserve dropped its pledge to remain "patient" on raising interest rates Wednesday, signaling a possible midyear fed funds rate hike after over six years at the zero level.