Asia shares encouraged by Wall Street record, await Fed outlook

Asian Market 1

Asian shares crept higher on Wednesday after Wall Street notched another all-time high, while the dollar and bonds awaited clarity on the Federal Reserve’s future path for U.S. policy after a likely rate rise later in the day.

MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.2 percent, while Japan’s Nikkei put on 0.5 percent.

Chinese May industrial output and retail sales figures out on Wednesday morning (0200 GMT) are forecast to show slightly slower but still solid growth, but will likely just be an appetizer to the Fed’s main course.

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