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Stocks have climbed to a stalled FED growth rate and strong US profits



Thursday 08.15 GMT

What you need to know

  • Fed puts interest rate on growth
  • Shares are more in Asia
  • Renminbi has reached its peak of 6 months
  • Oil prices earn a profit

Hot topic

Stocks have risen, and major currencies have risen against the dollar on Thursday after US central bankers put the rate on hold.

After being turned by the Federal Reserve, US stocks expanded early earnings, including well-received results from Advanced Micro Devices, Apple and Boeing.

Risky returns fell as investors bought the debt and the dollar went down, which was Thursday.

Asian stocks triggered a higher rate than more than 1 percent in the indexes in China and followed European stocks. Frankfurtska Xetra Dax 30 rose 0.7 percent and London FTSE 100 rose 0.5 percent.

Tai Hui, JPMorgan Asset Management's strategist, said the Fed's signal of austerity due to changes in rates should not only increase the likelihood of risk but also ease concerns about rising US dollar financing costs for Asian companies and emerging markets.

However, he also felt a cautious tone of prospects. "The [Federal Open Market Committee] The statement last night announced one of two obstacles to moving Asia's assets and EM's at a higher level risk. The other obstacle is, of course, the trade bargaining between the US and China, which is much more challenging, "Hui warned.

Robert Carnell, an ING economist, suggested that now there may be cases of some regional downs in this year "with an increase in Asian FX relative to [dollar], inflation is largely under control and will likely remain so, and the global rise in growth is growing. "

The yield on the US 10-year vault dropped by 2.5 basis points to 2.67 percent, and its two-day drop was 4 base points. The yield on two-year bonds fell 2.6 bp to 2.489 percent.

stock

Tokyo Topix was boosted by the growth of industrial, energy and technology segments, totaling 1.1 percent.

The potential drop in exports of iron ore from Brazil, the main rival to Australian miners, continued to strengthen the mining sector in Sydney, assisting the ASX 300 Metals & Mining Index at the best week in two years.

The main index S & P / ASX 200 lost 0.4 percent, and the decline in telecom and financial institutions dropped.

The Hang Seng Index rose by 1.2 percent in Hong Kong, and most segments in the positive area. In China, the CSI 300 largest stock index in Shanghai and Shenzhen grew by 1.1 percent.

Forex

The Chinese currency strengthened to a fresh six-month maximum in early trading, while major Asian-Pacific currencies held on gain after the dollar fell in response to Feda's decision overnight.

The exchange rate of the renminbi on land, which moves within the trade range of 2 percent on both sides of the daily average value set by the National Bank of China, was 0.2 percent more firmly at 6.6976 billion euros compared to the dollar after it touched its strongest level since July 2018. The offshore rate was stable at 6.7079 Rmb.

Japanese yen is 0.3 percent stronger for $ 108.74 per dollar. Australian and New Zealand currencies also kept growing overnight with a growth of 0.3 percent to 0.7269, or 0.6913 dollars.

Oil prices have risen. Brent oil rose 0.8 percent to $ 62.17 a barrel, while West Texas Intermediate was 0.7 percent higher at $ 54.58.

Gold was a bit more, at $ 1,321 an ounce, and the weaker dollar helped her at the highest level for about eight months.

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