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Asian Shares Trade Mixed and Gold Jumps More than 4% After the Fed Keeps Rates Unchanged
The Federal Reserve's hold on rates led to mixed Asian equity results, a 4.6% gold surge, and a weaker dollar against the yen, reflecting cautious investor sentiment, analysts said.
- On Thursday, the Federal Reserve kept its key interest rate unchanged, and Fed Chair Jerome Powell said rates look to be `in a good place` for now as Asian regional markets traded mixed.
- After cutting rates last year to support jobs, the Federal Reserve faces policy trade-offs as inflation remains stubbornly above its 2% target.
- Gold led commodity moves as it jumped 4.6% to $5,545 per ounce, silver rose 4.1%, Tokyo's Nikkei 225 rose less than 0.1% with Advantest up 5.2%, and South Korea's Kospi climbed 1.0% to 5,221.25.
- The U.S. dollar fell to 153.35 Japanese yen from 153.42 yen, and the 10-year Treasury yield stayed at 4.24%, a mix that could help U.S. exporters.
- With earnings due next week, Toyota Motor Corp., Sony Corp. and Nintendo Co. report as MSCI's warning coincides with the JSX sinking 2.4%, highlighting regional risks.
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Global shares trade mixed and gold jumps after the Fed keeps rates unchanged
U.S. markets pointed slightly higher in premarket trading on mixed results from Big Tech, one day after the Federal Reserve’s kept its key interest rate unchanged as expected. Futures the S&P 500 and Nasdaq each ticked up 0.2% before the…
Coverage Details
Total News Sources30
Leaning Left6Leaning Right2Center7Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 40%
C 47%
13%
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