Shares steady and yields drop on Fed minutes relief

Summary by Ground News

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.54% on Thursday. Minutes from the Federal Reserve's early May meeting showed a majority backing half-percentage-point rate hikes in June and July. South Korea's central bank on Thursday raised interest rates for a second consecutive meeting.

3 months ago

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Reuters

Shares steady and yields drop on Fed minutes relief

World stock markets broadly stabilised on Thursday and bond yields eased as no hawkish surprises from the latest U.S. Federal Reserve minutes helped soothe immediate worries over the impact of rate hikes on economic growth.

3 months ago·United Kingdom

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Independent.ie

Asian shares stumble on growth worries as central banks tighten

Asian share markets slipped on Thursday on persistent concerns over growth in China and worries about the Federal Reserve's intent to tighten policy quickly, confirmed in minutes of the early May rate-setting meeting released overnight.

3 months ago·Ireland

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IBTimes

Asian Shares Stumble On Growth Worries As Central Banks Tighten

Asian share markets slipped on Thursday after minutes from the Federal Reserve's early May meeting showed a majority backing half-percentage-point rate hikes in June and July, and as persistent concerns over global growth sapped confidence. While the minutes also highlighted policymakers' faith in the strength of the U.S. economy, helping lift the mood on Wall Street overnight, sentiment in equity markets remains fragile after weeks of volatile …

3 months ago·United States

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Financial Post

World shares mixed on growth worries as central banks tighten

MILAN/SHANGHAI -- World shares were mixed on Thursday on persistent concerns over slowing economic growth and after the latest U.S. Federal Reserve minutes confirmed its intent to tighten monetary policy quickly. Read More

3 months ago·Canada

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