Asian shares struggled to make headway on Friday as uncertainty over how much fu...
TOKYO - Asian shares struggled to make headway on Friday as uncertainty over how much further the U.S. Federal Reserve would cut interest rates added to investors’ worries over slowing global growth.
MSCI’s broadest index of Asia-Pacific shares outside Japan edged 0.1% higher and was up 0.8% for the week, on track to break a four-week losing streak.The Shanghai Composite and the blue-chip CSI300 were up 0.5% and 0.7%, respectively, while Hong Kong’s Hang Seng gained 0.5%. Wall Street stocks were mixed on Thursday, with the S&P 500 closing little changed, while the Dow was up 0.2% and the Nasdaq falling 0.4%.
While markets overwhelmingly expect the Fed to follow up its first rate cut in a decade with more stimulus at its meeting next month, some policymakers disagree. All of that has made Powell’s speech in Jackson Hole pivotal for markets as they look for any clues on future easing, after the Fed last month cut rates for the first time since the financial crisis.
The euro also was little changed against U.S. currency at $1.1073. A survey showing a surprise uptick in euro zone business growth for August was offset somewhat by trade war fears knocking future expectations to their weakest in over six years.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Asia set to open near flat ahead of major speech from Fed Chair PowellFed Chair Jerome Powell is set to deliver a speech at a yearly central banking symposium in Jackson Hole, Wyoming.
Consulte Mais informação »
Dollar steady before Powell talk, kiwi jumps on RBNZ commentsThe dollar held firm in Asia on Friday on expectations Federal Reserve Chairman ...
Consulte Mais informação »
Fed's Powell will find it hard not to rock markets with his comments FridayFed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.
Consulte Mais informação »
Jerome Powell faces his biggest test yet in high-profile speechFederal Reserve Chairman Jerome Powell will face his most serious test in the job yet when he speaks Friday at the annual economic powwow in Jackson Hole, Wyoming. He is facing tremendous political pressure from President Donald Trump, and expectations from many investors, to deliver more rate cuts.
Consulte Mais informação »
European stocks set to open higher as investors await Powell speechEuropean stocks are set for a higher open Friday as investors await a speech from U.S. Federal Reserve Chairman Jerome Powell.
Consulte Mais informação »
Trump slams Fed Chair Powell: 'He’s like a golfer who can’t putt'President Donald Trump continued his months-long criticism of Federal Reserve Chair Jerome Powell on Wednesday.
Consulte Mais informação »