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Asia shares at highest in nearly a decade, dollar skids on Fed

Japan's Nikkei rose 0.15%, while stocks in the Philippines touched a one-year peak

Reuters  |  Sydney 

Stocks, bonds and commodities were all on a roll on Thursday as bulls scented a softening in the Federal Reserve's confidence on inflation that promised to keep U.S. interest rates low for longer. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 1 percent to heights not seen since December 2007. It has gained over 5 percent so far this month. E-Mini futures for the S&P 500 were up 0.2 percent, while Eurostoxx 50 futures started steadily. Japan's Nikkei rose 0.15 percent, while stocks in the Philippines touched a one-year peak. China's ...

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First Published: Thu, July 27 2017. 14:05 IST