Contact us

Company Name:
Lishui Huanqiu Bearing Trading Co., Ltd.

Company Address:
No.11 Shiting Road, Shuige Industrial Zone,Lishui, Zhejiang,China
Contact Person: William

Email: admin@tradebearings.com
Homepage: www.asiabearings.com
Bearing B2B: www.tradebearings.com

email

 

Home > News >

Asian shares capped as upcoming Fed meeting jangles nerves

Pressure on Asian markets on Tuesday, despite the overnight Fed's plan, the economic stimulus plan later in the session began a two-day meeting of the news in the global currency market's rise, with investors nervous.
In the past month, in the global financial market turmoil triggered by the U.S. Federal Reserve Chairman Ben Bernanke said the Fed may slow its monthly 85 one billion U.S. dollars to buy U.S. Treasury bonds and mortgage-backed securities, the meeting decided that the next few years, if the economy showing signs of improvement.
Trimming stimulus plan is only recommended - far from coming to an end, the Fed's third round of quantitative easing - is enough to know what to investors accustomed to the abundant capital, they can bring in higher-yielding "risk" assets, such as the work of the shares .
Together with other central banks very loose monetary policy to promote economic growth, such as the Bank of Japan, the Fed's stance supporting broad market sentiment.
"Asset prices headlines, which moves seemingly inconsistent - U.S. Treasury yields higher, but the sensitivity of the dollar under pressure ... show investors the Fed's monetary policy is the most likely path of tension and confusion between degree, "said Barclays Capital (Barclays Capital) in a research report said.
Barclays added that the tension will continue to dominate trading, market volatility remain elevated until the results of the Fed meeting and Bernanke press conference on Wednesday.
Morgan Stanley, the most widely used in the Asia-Pacific shares outside Japan fell 0.1%. The index rose about 3% from the detection of September, the lowest level since last Thursday.
Australian shares fell 0.1 percent, while the South Korean stock market opened up 0.3 percent on Monday after hitting a fresh seven-month lows.
Japan's benchmark Nikkei Stock Average index opened down 0.1% after a 2.7% rise on Monday.
USDJPY was steady at 94.56, off 93.75 yen hit a 10-week low on Thursday, but well below last month's four-year peak of 103.74 yen half. Measured against a basket of six major currencies, the dollar index fell 0.2%.
U.S. dollar against the yen on Monday expect the Fed will strengthen its commitment to support the U.S. economic recovery.
Monday released data show that in June the New York State manufacturing unexpectedly rose, and home builder confidence increased to seven-year high this month, since 2002, the largest increase.
Recently surpassed the Fed's thinking uncertainty weighed on the dollar, but its fall against the yen has also been linked to cut back their yen short positions after the Bank of Japan speculators and investors took no action last week to quell a highly unstable domestic bond market.
Nikkei sell, triggering yen buying, erase the central bank since the big bang stimulus April 4, which helped push the index rose five and a half higher than last month reported earnings.
In eight countries leaders of the Group's meeting on Monday, the euro area and Japan, according to union with the bank under pressure, urging the central bank to stimulate large-scale follow-up structural reforms and measures to address its budget deficits.
Group of Eight (G8) in a statement said that the world economic outlook remains weak, although downside risks have diminished, partly because in the U.S., euro area and Japan to take policy action.
U.S. crude oil futures edged up 0.1 percent $ 97.84 a barrel.
 



Other News:
Asian shares capped as upcoming Fed meeting jangles nerves
US war games send signal to Assad
France threatens Google with privacy fines
Starboard says Smithfield sale undervalues company
Sony CEO asks for patience as shareholders press on spinoff plan
Sporadic clashes in Turkey as Erdogan asserts authority
Rousseff salutes Brazil protests, cities cut bus fares
Icahn seeks Dell share buyback, buys Southeastern stock