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Asia shares set to dip as Fed's gloom snuffs out Wall Street cheer
Asian equities were set to follow Wall Street's late session retreat on Thursday after the Federal Reserve warned the U.S. economy faced a highly uncertain path to recovery from the coronavirus-induced downturn. Market sentiment had been bullish up until the Fed's comments, with the S&P 500 and the Nasdaq hitting all-time highs driven largely by Apple Inc.. "It was a decent day for banks, Apple, and Nike but everything else was in the reverse after the Fed said economic conditions will be difficult for a while," said Jamie Cox, managing partner at Harris Financial Group.
https://ca.finance.yahoo.com/news/asia-shares-set-dip-feds-000221915.html?.tsrc=rss
Asian equities were set to follow Wall Street's late session retreat on Thursday after the Federal Reserve warned the U.S. economy faced a highly uncertain path to recovery from the coronavirus-induced downturn. Market sentiment had been bullish up until the Fed's comments, with the S&P 500 and the Nasdaq hitting all-time highs driven largely by Apple Inc.. "It was a decent day for banks, Apple, and Nike but everything else was in the reverse after the Fed said economic conditions will be difficult for a while," said Jamie Cox, managing partner at Harris Financial Group.
https://ca.finance.yahoo.com/news/asia-shares-set-dip-feds-000221915.html?.tsrc=rss
