Asian shares, bonds rally as markets bet on glacial Fed

Epic Research Update : Asian MarketsEpic Research Update : Asian Markets

Asian shares scaled a two-year top on Thursday as investors wagered policy tightening in the United States would be glacial at best, lifting Wall Street to record peaks and lowering bond yields almost everywhere.

The star performer was the Canadian dollar, which rocketed to 11-month highs after the country’s central bank hiked rates for the first time in seven years and left the door wide open to further moves.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.45 percent to its highest since mid-2015.

 Japan’s Nikkei firmed 0.4 percent and Australia’s main index jumped 1 percent.

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Epic Research
Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300