TOKYO: Asian shares advanced on Friday after upbeat data and optimism in the tech sector lifted Wall Street stocks, helping calm some of the jitters sparked by the Federal Reserve's cautious outlook on the world's biggest economy.
Thursday's U.S. economic data was upbeat as initial claims for jobless benefits fell more than expected and mid-Atlantic factory activity rebounded sharply. "The main market reaction to the Fed's announcement was that it has become a consensus that the Fed's next move is a rate cut," said Naoya Oshikubo, senior manager at Sumitomo Mitsui Trust Asset.
EU leaders said Britain could leave the European Union without a deal on April 12 if lawmakers fail next week to back Prime Minister Theresa May's agreement with Brussels.
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:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US: Wall Street edges higher at open on US-China trade hopes[NEW YORK] US stocks rose slightly at open on Friday following a report of progress in trade talks between the United States and China and after UK lawmakers voted to delay a potentially chaotic exit from the European Union. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US: Wall St gains with tech; S&P 500 posts best week since November[NEW YORK] US stocks rose on Friday, led by technology companies, as a report on progress in US-China trade talks lifted sentiment, pushing the S&P 500 to its best week since November. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore investors snap up US stocks in Q4 amid Wall St plungeTHE final quarter of 2018 saw the US market taking its biggest fall in almost a decade, with investors from virtually everywhere cashing or pulling out - except those based in Singapore. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US: Wall St opens higher as Fed expected to hold fire[NEW YORK] US stocks opened higher on Tuesday as investors expected a more accommodative policy stance at the end of the US Federal Reserve's two-day meeting this week. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US: Wall St falls at open after Fed's abrupt dovish turn[NEW YORK] US stocks opened lower on Thursday, after the Federal Reserve abandoned any interest rate hikes this year and flagged an expected slowdown in the economy. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »