www.varchev.com

Asian stocks down, although the Fed is not yet considering withdrawing asset purchases

Asian stocks opened mixed, although the last meeting of the Federal Reserve reaffirmed its commitment to keep interest rates low until the US economy recovers more securely.

Futures sank in Japan and Hong Kong and climbed in Australia. US futures rose after modest gains led the S&P 500 to a new record, despite declining US stock markets.

FED officials agreed on the need to see more progress in the recovery before reducing their large-scale bond-buying program, according to minutes from last month’s meeting. They have downplayed inflation risks, arguing that the recent jump in the Ministry of Finance’s profitability reflects stronger growth prospects.

S&P 500 futures rose 0.1%. Nikkei 225 futures fell 0.35%. Australia’s S&P / ASX 200 futures rose 0.5%, while the Hang Seng index lost 0.7%.

0

 Junior Trader Mert Mustafa


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance