HONG KONG: Asian markets and crude prices surged while the dollar sank Tuesday after the Federal Reserve unveiled an unprecedented bond-buying programme to support the US economy.
The plan failed to inspire US traders, with all three main indexes on Wall Street sliding, but equities in Asia rallied with Tokyo ending more than 7% higher. “Asian investors like what they see from an all-in Fed, which is being viewed in a very impressive light for both Main and Wall Street, even as the US congress dithers,” he added.But Innes pointed out that US senators remain gridlocked, with Democrats on Monday again blocking a nearly US$2 trillion rescue package for the economy.
Source: Financial Digest (financialdigest.net)
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:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US virus aid bill includes US$3,000 for families, $4 tril liquidity for FedOfficials say further steps could be taken if crisis does not abate in 10 to 12 weeks. FMTNews Virus Mustapa_Mohamed mohon bantuan insentif kepada semua rakyat...untuk menggerakkan ekonomi dalam negara....selain membantu rakyat dlm tempoh pkp...sekiranya berlanjutan.. Looked like superpower like U.S.A., still can't defeat the viruses at the moment!
Source: fmtoday - 🏆 5. / 72 Read more »
Fed ramps up help to US economy on life support | The Malaysian InsightFederal Reserve launches unprecedented effort to flood US economy with money amid chaos caused by the coronavirus pandemic
Source: msianinsight - 🏆 8. / 63 Read more »
Asia puts tasty twist on alternative meatsFROM labgrown “seafood” to dumplings made with tropical fruit instead of pork, rising demand for sustainable meat alternatives in Asia is spawning creative products to appeal to local palates.
Source: staronline - 🏆 4. / 75 Read more »
Southeast Asia grapples with Covid-19 as infections surgeMANILA: Southeast Asian countries considered more emergency powers on Monday to tackle the threat of the Covid-19 coronavirus as Singapore Airlines said it was grounding almost all of its fleet in the face of the “greatest challenge” it has ever faced.
Source: NST_Online - 🏆 17. / 53 Read more »
Asia steps up Covid-19 efforts as 2nd wave of infection strikes | The Malaysian InsightTighter travel restrictions, lockdowns as number of cases in region soars past 95,000.
Source: msianinsight - 🏆 8. / 63 Read more »
Coronavirus curbs all over across South-East AsiaSINGAPORE/JAKARTA/KUALA LUMPUR/BANGKOK: Malaysia deployed the army on Sunday to enforce a two-week curb on travel on a country that has South-East Asia's highest number of coronavirus cases, most of them linked to a mass religious gathering held late last month. The virus has so far infected more than 3,460 people across South-East Asia, with 86 deaths, more than half of them in the region's most populous country, Indonesia.
Source: staronline - 🏆 4. / 75 Read more »