Asian markets move higher after the Fed holds interest rates steady

  • 📰 CNN
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

United States Headlines News

United States Latest News,United States Headlines

Asian markets mostly rose after the US Federal Reserve kept interest rates steady, putting an end to the year's series of rate cuts

Hong Kong Asian markets mostly rose Thursday after the Federal Reserve kept interest rates steady, putting an end to the year's series of rate cuts.

Hong Kong's Hang Seng Index advanced 1.2%. South Korea's Kospi gained 1.1%. Japan's Nikkei 225 moved up 0.2%. China's Shanghai Composite crept higher at open, but soon dipped 0.1%.The Federal Reserve left its benchmark rate steady Wednesday in the United States. It also signaled an intention to keep interest rates unchanged in 2020 unless there is a material change to the economic outlook.

 

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

 /  🏆 4. in US

United States Latest News, United States Headlines

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

European stocks seen mixed as investors await Fed decision and US-China trade newsEuropean stocks are expected to make a cautious start Wednesday as investors await the U.S. Federal Reserve's interest rate decision. This ain’t good
Source: CNBC - 🏆 12. / 72 Read more »

Fed holds rates steady and indicates no changes through at least 2020FED DECISION: The U.S. Federal Reserve has unanimously voted to leave interest rates unchanged. OMG! NOTHING HAPPENED! Tariffs are destroying our market share
Source: CNBC - 🏆 12. / 72 Read more »

Fed holds rates steady for final meeting of the decadeThe Federal Reserve said it does not intend to raise or lower rates until at least the end of 2020. You know the decade ends a year from now, right?
Source: NBCNews - 🏆 10. / 86 Read more »

Asian shares ease slightly as tariff deadline loomsAsian equity markets ticked down on Tuesday, tracking Wall Street losses as inve... President Erdogan says Turkey and Libya can conduct gas exploration in the Mediterranean - a move likely to anger Greece
Source: Reuters - 🏆 2. / 97 Read more »

IFFAM-Variety’s Asian Stars: Up Next Program is Helping Talent Cross OverEight young stars accepted the “Asian Stars: Up Next” award on Tuesday intended to recognize and promote Asian on-screen talent who have established themselves in their home market but have the pot…
Source: Variety - 🏆 108. / 63 Read more »

Asian shares adrift as tariff deadline loomsAsian stocks flatlined on Wednesday as Sino-U.S. trade talks approached a weeken...
Source: Reuters - 🏆 2. / 97 Read more »