NewsFeeder
Headline News
- Reaction score
- 4
Stocks Rally Builds in Asia After Election Hurdle: Markets Wrap
Equities in Japan led gains, alongside solid rises in Hong Kong and South Korea, and futures indicated the positive risk appetite will flow through to European shares. Earlier, the S&P 500 Index rose more than 2 percent as investors bet a split Congress dimmed chances President Donald Trump’s signature tax cuts will be reversed while reducing the possibility of major fiscal initiatives that might have pushed up interest rates. With the elections out of the way, attention now turns to Thursday’s Federal Reserve decision, with investors looking for any signals on the pace of policy tightening in 2019.
https://finance.yahoo.com/news/stocks-rally-builds-asia-election-215755871.html?.tsrc=rss
Equities in Japan led gains, alongside solid rises in Hong Kong and South Korea, and futures indicated the positive risk appetite will flow through to European shares. Earlier, the S&P 500 Index rose more than 2 percent as investors bet a split Congress dimmed chances President Donald Trump’s signature tax cuts will be reversed while reducing the possibility of major fiscal initiatives that might have pushed up interest rates. With the elections out of the way, attention now turns to Thursday’s Federal Reserve decision, with investors looking for any signals on the pace of policy tightening in 2019.
https://finance.yahoo.com/news/stocks-rally-builds-asia-election-215755871.html?.tsrc=rss
