* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * BOJ on hold, as expected; disappoints some who hoped for a move. * Fed cuts rates, but Powell's tone disappoints doves. * Oil futures drift higher as geopolitical risks remain. By Stanley White.
Japanese government bond prices rose on Thursday, extending gains after the Bank of Japan kept its policy on hold, a decision that put the central bank out of step with the U.S. Federal Reserve and the European Central Bank.
* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * Fed cuts rates, but Powell's tone disappoints doves. * BOJ on hold, but other central banks are easing policy. * Oil futures drift higher as geopolitical risks remain. By Stanley White. Asian shares turned lower on Thursday after the U.S. Federal Reserve cut interest rates as expected but signalled a higher bar to further policy easings.
Asian shares extended declines on Thursday after the U.S. Federal Reserve signaled a higher bar to further easings, while the Bank of Japan also held off from offering more stimulus as some had hoped. The Fed cut rates for the second time this year as global growth risks intensified, forcing policymakers around the world to step up efforts to stimulate their economies.
* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * Fed cuts rates, but Powell's tone disappoints doves. * BOJ seen on hold, but other central banks are easing policy. * Oil futures drift higher as geopolitical risks remain. By Stanley White.
The Canadian dollar weakened to
a two-week low against its U.S. counterpart on Wednesday as oil
prices fell and after the U.S. Federal Reserve was less dovish
than some investors had anticipated.
* Gold slips, dollar advances. * Oil prices cool after Saudi production pledge. By Stephen Culp. The S&P 500 and the Dow reversed losses to close higher on Wednesday and U.S. Treasury yields slipped after remarks by Federal Reserve Chair Jerome Powell tempered the market's initial reaction to the U.S. central bank's policy statement.
* Gold slips, dollar gains ground. * Oil prices cool after Saudi production pledge. By Stephen Culp. U.S. stocks extended their losses and the U.S. Treasury yield curve flattened on Wednesday, after the U.S. Federal Reserve cut interest rates, as expected, but gave mixed signals regarding future rate moves.
U.S. Treasury yields rose on
Wednesday and the yield curve flattened after the Federal
Reserve cut interest rates for the second time this year, but
indicated that further cuts may not follow.
* U.S. Treasury yields rise; gold slips. * Oil prices cool after Saudi pledge on production. By Saqib Iqbal Ahmed. Wall Street stocks slipped on Wednesday after the U.S. Federal Reserve gave mixed signals about what may happen next after it cut interest rates by a quarter of a percentage point for the second time this year in a widely expected move.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
