SINGAPORE : Asian stocks jumped on Thursday while the dollar eased after Federal Reserve Chair Jerome Powell said a"disinflationary" process was underway, boosting risk appetite and hope that the U.S. central bank will soon end its monetary tightening streak.
The U.S. central bank announced an expected 25 basis points interest rate increase after a year of larger hikes and said it had turned a key corner in the fight against a high inflation rate. But policymakers projected"ongoing increases" in borrowing costs would still be needed. Saxo Markets strategists said the ECB has surpassed its peers in the hawkishness quotient recently, and will likely repeat that this week.
The euro was up 0.2 per cent to $1.1011. The yen strengthened 0.22 per cent to 128.65 per dollar, while sterling was last trading at $1.2372, down 0.03 per cent on the day.
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:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian shares jump, dollar eases after Powell commentsSINGAPORE : Asian stocks jumped on Thursday while the dollar eased after Federal Reserve Chair Jerome Powell said a 'disinflationary' process was underway, boosting risk appetite and hope that the U.S. central bank will soon end its monetary tightening streak.MSCI's broadest index of Asia-Pacific shares o
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore ranked least corrupt Asian country but overall score slides to lowest since 2012It ranked fifth in the world, behind Denmark, Finland, New Zealand and Norway. Read more at straitstimes.com. Delusional...wishful thinking, plenty of corruption if you look for it! Power lah so fast fgt Keppel O&M bribery. Plus no one get charged. Power lah sg gov Fish rots from the head!
Source: straits_times - 🏆 5. / 69 Read more »
Top Uses for Personal Loans and the Pros & Cons of it in Singapore - Singapore NewsA few common reasons Singaporeans apply for personal loans and the pros and cons that come with them.
Source: IndependentSG - 🏆 9. / 63 Read more »
S’pore women’s tchoukball team make history, ranks world’s No. 1, but only finds out a month later from Facebook postSINGAPORE \u2014 In a happy accident, the president of the Tchoukball Association of Singapore, Delane Lim, discovered that the Singapore women\u2019s team is ranked
Source: IndependentSG - 🏆 9. / 63 Read more »
Possible Cabinet shuffle could happen on Wednesday or Thursday: JokowiSpeculation about a reshuffle has grown recently. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Salman retains AFC presidency as Saudi confirmed to host Asian CupMANAMA : Sheikh Salman bin Ebrahim Al Khalifa officially retained his role as the Asian Football Confederation's president for a final four-year term on Wednesday as Saudi Arabia was confirmed as the host of the 2027 Asian Cup.The Bahraini, who took over at the head of the Asian confederation in 2013 when
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »