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Asian shares up but set for weekly loss after hawkish Fed

Asian shares up but set for weekly loss after hawkish Fed

SHANGHAI (Reuters) - Asian shares inched higher on Friday but were set for a weekly loss, while the U.S. dollar hovered near two-month highs as investors continued to digest comments from the U.S. Federal Reserve projecting interest rate hikes in 2023.
Published 18 Jun, 2021 10:13am
Business
Asian shares hold range as investors eye U.S. CPI

Asian shares hold range as investors eye U.S. CPI

SYDNEY (Reuters) - Asian shares edged higher but held their recent trading range on Thursday as investors focussed on U.S. inflation data and the risk of an upside surprise that could prompt the Federal Reserve to start tapering its massive stimulus.
Published 10 Jun, 2021 07:18am
Business
Asian shares shake off U.S. tax worries

Asian shares shake off U.S. tax worries

SHANGHAI (Reuters) -A key gauge of Asian shares rose on Friday, supported by gains in China and a decision by the European Central Bank to maintain stimulus, while investors largely shrugged off the impact of a possible U.S. capital gains tax hike.
Published 23 Apr, 2021 09:28am
Business
Asian shares up on China gains but tech worries weigh

Asian shares up on China gains but tech worries weigh

Asian shares rose on Tuesday, led by a stronger Chinese opening and shaking off the initial drag from tech-driven Wall Street losses, while the dollar stayed at multiweek lows against other major currencies.
Published 20 Apr, 2021 09:20am
Business
Asian shares defensive, dollar struggles near one-month lows

Asian shares defensive, dollar struggles near one-month lows

SYDNEY (Reuters) - Asian shares were on the backfoot on Thursday following mixed cues from Wall Street where a sharp sell-off in the largest bitcoin exchange Coinbase hit tech shares while the dollar index struggled near one-month lows.
Published 15 Apr, 2021 08:11am
Business
Stocks rise after Fed tames inflation fears, projects U.S. GDP surge

Stocks rise after Fed tames inflation fears, projects U.S. GDP surge

TOKYO/NEW YORK (Reuters) - Asian shares and U.S. stock futures rose on Thursday after the Federal Reserve committed to maintaining accommodative monetary policy and projected a rapid jump in U.S. economic growth this year as the COVID-19 crisis eases.
Published 18 Mar, 2021 09:20am