HONG KONG : Asian shares edged up in early trade on Tuesday, following an upbeat session on Wall Street while investors turned their attention to key U.S. inflation data and the Federal Reserve's interest rate decision this week.
"Overall equity markets reacted positively to expectations the monetary policy cycle may be nearing its peak," ANZ analysts said in a note."U.S. markets are now pricing a 72 per cent probability that the Federal Reserve Monetary Policy Committee will hold rates at this week's meeting." The S&P 500 climbed 0.93 per cent to end the session at 4,338.93 points. The Nasdaq gained 1.53 per cent while Dow Jones Industrial Average rose 0.56 per cent.
Source: Loan Digest (loandigest.net)
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