Federal Reserve officials on June 16 are expected to at least flag the pending start of talks about when and how to exit from the crisis-era policies
Asian shares were mixed in quiet trading Wednesday ahead of a US Federal Reserve meeting that may give clues on what lies ahead with its massive support for markets. Japan released data that showed its trade surplus jumped 49.6 per cent in May from the previous year, but analysts said that was less than expected and highlights how the world's third largest economy and its exports may be only slowly recovering from the pandemic. Investors are also watching data out of China on industrial production and retail sales for indications about the health of the regional economy. Japan's Nikkei 225 slipped nearly 0.3 per cent in early trading to 29,359.31. South Korea's Kospi rose 0.4 per cent to 3,272.11. Australia's S&P/ASX 200 gained 0.3 per cent to 7,403.40. Hong Kong's Hang Seng inched down 0.1 per cent to 28,603.84, while the Shanghai Composite was little changed, inching up less than 0.1 per cent to 3,557.48. Asian markets are quiet ahead of the Fed, said Robert Carnell, regional ...
India has built up foreign exchange reserves worth more than $600 billion, as its central bank cushions economy against any sudden outflows.
The yield on 10-year Treasuries eased slightly on Monday, following a two-day gain from the lowest since March that damped the appeal of the non-interest-bearing precious metal
Traders around the world are looking for any hints about whether and when the Fed plans to taper its bond-buying programme as the U.S. economy bounces back from the pandemic fallout.
The two-day Fed meeting starts on Tuesday, with a final statement published after the meeting closes on Wednesday.
US gold futures gained 0.2% to $1,869.
The Fed is keen to minimize the possibility of a market disruption when it begins to reduce its $120 billion per month government bond
The U.S. currency has been buoyed as traders closed short positions before the Fed's two-day policy-setting confab, which kicks off on Tuesday
Spot gold was down 0.9% at $1,860.44 per ounce, as of 0654 GMT
Spot gold was down 0.6% at $1,864.58 per ounce, as of 0311 GMT, its lowest since June 4
Japan's Nikkei rose 0.35% while MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1%
Oil prices held near multi-year highs on Monday, underpinned by an improved outlook for demand as increased Covid-19 vaccinations help lift travel curbs
The yen was at 109.715, after weakening to 109.840 on Friday for the first time since June 4
Central bankers know how to raise benchmark interest rates, but they have less experience in calibrating the exit from quantitative easing.
Fed officials have repeatedly tamped down fears of inflation running persistently higher than its 2% target
Here are the best of Business Standard's opinion pieces for Tuesday
The year 2021 will be one of the strongest years for global growth in history
Investors will be watching US jobs data due Friday for clues to the Fed's plans for policy in the coming weeks and months
Some of the factors fueling current strong growth, including fiscal spending and the rush by households to take advantage of a broader economic reopening, are likely to fade over time, Brainard noted