Asian markets mixed as US Fed prepares for meeting
Asian markets were mixed on Tuesday, with traders sitting on the sidelines as they await the US Federal Reserve’s plans for its stimulus program.
Asian markets were mixed on Tuesday, with traders sitting on the sidelines as they await the US Federal Reserve’s plans for its stimulus program.
Asian markets were mixed Monday despite a weak batch of US economic data boosting hopes that the Federal Reserve would put off announcing any winding down of its vast stimulus scheme at the end of a policy meeting this week.
Asian markets dived Thursday, with Tokyo’s Nikkei losing more than six percent, while the dollar hit 10-week lows against the yen on expectations that central banks’ monetary easing measures will end soon.
Asian markets fell in holiday-reduced trade on Wednesday, as the Bank of Japan’s refusal to unveil any fresh stimulus measures raised concerns about central banks’ role in supporting the world’s economies.
Oil prices fell below $95 on Wednesday as ample supplies caused energy investors to pull back.
Asian markets mostly fell on Tuesday following the previous day’s rally, with Tokyo tumbling more than two percent at one point after the Bank of Japan failed to announce any new stimulus measures.
Opec kept its world oil demand forecast for 2013 virtually unchanged in its latest update on Tuesday, but tipped downward revisions given the deteriorating economic climate.
Asian markets rose Monday, with the greenback also climbing, after a report showing modest gains in US job creation eased concerns the Federal Reserve will soon start to roll back its huge monetary easing scheme.
Asian markets sank Thursday following a sell-off on Wall Street, where dealers were spooked by disappointing US jobs data.
Asian markets fell Wednesday, taking a negative lead from Wall Street as data showed the US trade deficit had widened, while Tokyo slumped again over a policy speech by Japan’s prime minister.
Asian markets were mixed on Tuesday, with weak US data weighing on sentiment while Tokyo enjoyed a bounce after the previous day’s tumble.
Asian stocks fell Monday, with Tokyo plunging 3.72 percent to a six-week low after downbeat Chinese manufacturing data and a sharp drop on Wall Street last week.
