Global Markets Surge as Fed Signals Dovish Stance
TL;DR
Asian stocks rose as traders reduced bets on Federal Reserve rate hikes and anticipated further stimulus from China. Hong Kong and mainland shares rallied, led by tech stocks, following reports that China is considering raising its budget deficit to boost the economy. Fed Bank of San Francisco President Mary Daly's comments on tighter financial conditions raised hopes that interest rate hikes may be on hold. Investors are awaiting the release of the Fed's September meeting minutes for any hints on future rate hikes. Geopolitical tensions and the quarterly earnings season are also being closely monitored.
- Stocks Rise on Rate Outlook, Eyes on Fed Minutes: Markets Wrap Yahoo Finance
- Morning Bid: Fed pivot begins to crystallize Reuters
- Asia stocks hit 2-week high as Fed talk turns dovish AOL
- Stock market today: Asian shares rise after eased pressure on bonds pushes Wall Street higher The Associated Press
- US & Asian Markets Higher; Indian Market To Open On A Positive Note? | CNBC TV18 CNBC-TV18
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