Premarket: World shares inch higher after Fed cut, BOJ keeps powder dry

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 20%
  • Publisher: 92%

Premarket: World shares inch higher after Fed cut, BOJ keeps powder dry GlobeInvestor

Canada Headlines News

Canada Latest News, Canada Headlines

This translation has been automatically generated and has not been verified for accuracy.A positive start in Europe nudged the main world share indexes and bond yields higher on Thursday, after the U.S. Federal Reserve’s second interest rate cut of the year while Japan and others kept their limited remaining powder dry.

MSCI’s broadest index of Asia-Pacific shares had ended down 0.5% as a 1% fall in Hong Kong and 1.1% drop in India offset 0.4% gains on Japan’s Nikkei and from China’s bluechip stocks. “This is not ‘QE4ever’ as we’ve heard it called,” analysts at RBC said of the Fed’s decision and signals. “We shouldn’t go too far in putting on QE-like trades”.

“There were large yen-buying orders before the BOJ, and that just carried through,” said Tohru Sasaki, head of Japan markets research at J.P. Morgan Securities in Tokyo.In contrast to Europe’s upward shuffle, U.S. stock futures were pointing to modest 0.1%-0.2% falls for Wall Street later. “This is a small positive for share prices as long as there is no recession,” said Shane Oliver, head of investment strategy and chief economist at AMP Capital Investors in Sydney.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

Schools can now borrow Second World War artifacts through Canadian War Museum programProject follows up on First World War program launched in 2014
Source: globeandmail - 🏆 5. / 92 Read more »

Trump likes new border wall, calls it a ‘world-class security system’‘It’s the Rolls-Royce version,' president says of U.S.-Mexico barrier looks like prison bars. maybe that's the point. Made by a world class idiot ! 🤨🇨🇦 When are the UN employees, NGOs, self serving politicians and human smugglers encouraging and enabling illegal activity that has led to the deaths of countless human beings going to be held accountable? How many murders will they be allowed commit in the name of their ideology?
Source: globeandmail - 🏆 5. / 92 Read more »

U.S. housing starts, building permits hit 12-year highFederal Reserve is expected to cut interest rates again on Wednesday to keep the longest economic expansion in history, now in its 11th year, on track globebusiness And Trump will take all the credit. globebusiness I LOVE U AMERICA.&CANADA globebusiness Trump!
Source: globeandmail - 🏆 5. / 92 Read more »

Divided Fed set to cut interest rates this week, but then what?Traders are no longer betting it will follow Wednesday’s expected rate cut with another by the end of 2019
Source: globeandmail - 🏆 5. / 92 Read more »