Saturday, September 23, 2017 5:25:10 AM - Markets closed
VN-INDEX 807.13 +3.20/+0.40%
HNX-INDEX 106.52 +0.77/+0.72%
UPCOM-INDEX 54.55 +0.06/+0.11%
Asia stocks set to end week higher, dollar slides after Fed
Source: Reuters - 3/17/2017 9:51:04 AM
 (0 ratings. You must sign in to rate.)
Asian stocks crawled higher in early trade on Friday, set for its best week since September, while the dollar continued the slide that began after the Federal Reserve indicated it was unlikely to speed up monetary tightening.

The dollar index .DXY, which tracks the greenback against a basket of six trade-weighted peers, retreated 0.1 percent to 100.26. It hit a five-week low on Thursday, and is down almost 1 percent for the week.

The dollar was steady at 113.32 yen JPY= but is on track to post a 1.2 percent loss for the week.

While the Fed raised interest rates by 25 basis points on Wednesday, it kept to its original forecast of three rate hikes this year, disappointing investors who were expecting four.

U.S. Treasury yields, which slid after the decision, staged a recovery on Thursday and continued to rise on Friday.

The 10-year yield was at 2.5402 percent in early trade, from its last close of 2.524.

"The story in global markets over the past 24 hours has centered on a broad-based tightening of monetary policy conditions (and the perception of future tightening)," Chris Weston, chief market strategist at IG in Melbourne, wrote in a note.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.1 percent, set to end the week with a 3.3 percent gain, its biggest weekly increase since September.

Japan's Nikkei .N225 lost 0.4 percent, and is poised for a 0.5 percent loss for the week.

MSCI's all-country world stock index .MIWD00000PUS, which hit an all-time high on Thursday, was little changed on Friday, on track to end the week 1.3 percent higher.

Overnight, Wall Street was subdued following strong gains after the Fed's rate decision. The Nasdaq .IXIC was flat, while the Dow .DJI and the S&P 500 .SPX posted losses.

But European shares were upbeat following the election victory of Dutch Prime Minister Mark Rutte, who defeated anti-immigration, anti-European Union rival Geert Wilders.

The euro EUR=EBS touched its highest level in 5-1/2-weeks on Friday. It was fractionally higher at $1.07715 in early trade, after two days of strong gains, and set to end the week up 0.9 percent.

Sterling GBP=D4 inched lower to $1.235 early on Friday. On Thursday, it jumped to a two-week high after a decision by the Bank of England to hold interest rates steady, while hinting it might raise them soon.

In commodities, oil prices rose slightly, supported by a weaker dollar.

U.S. crude CLc1 rose 0.25 percent to $48.87 a barrel after losing 0.2 percent on Thursday. It remains set to end the week 0.8 percent higher. U.S. crude touched its lowest level in more than three months early this week on concerns about a supply glut in the United States, but data on Wednesday showing a small decline in U.S. stockpiles helped lift prices.

Gold XAU= inched 0.1 percent lower to $1,225.14 an ounce, as investors took profits after strong gains this week on the Fed's more moderate monetary policy stance.


Newer News
28/04 Dollar index edges up, but poised for losing month
28/04 Oil prices face second weekly loss as oversupply lingers
28/04 Asian stocks tick up, euro subdued as ECB maintains easing bias
26/04 Oil falls on bulging U.S. crude inventories, record global supplies
26/04 Asian stocks hover near two-year highs on U.S. optimism, euro steady
25/04 Euro pauses after rally, Canadian dollar hit by U.S. duties on lumber
25/04 Asia stocks, euro steady as markets pause for breath after French election
21/04 Oil markets remain cautious on record supplies
21/04 Asian stocks climb, euro surrenders gains as French election jitters return
20/04 Dollar edges away from recent lows with French vote in focus
Older News
17/03 Wall Street slips with healthcare stocks, Nasdaq flat
14/03 Dollar inches up on U.S. yields, euro retreats from 1-month high
14/03 Bets on gold hold ground even as Fed rate hike looms large
14/03 Oil hovers near three-month lows as investors await data
14/03 Wall Street drifts with eyes on Fed; Intel drops
10/03 Dollar on track for winning week as U.S. jobs data awaited, euro firm
10/03 Asia stocks edge higher, dollar up before U.S. payrolls
10/03 U.S. oil rises after dropping below $50 for first time since December
10/03 Wall Street ends up slightly; energy shares rebound
09/03 Dollar firm in Asia, resource shares on the run
 
Newsletter Signup
Top Stories
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
Market Update
Last updated at 3:01:08 PM
VN-INDEX 807.13 +3.20/+0.40%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.