Asian shares, bonds rally as markets bet on glacial Fed

Asian shares, bonds rally as markets bet on glacial Fed

Thursday, July 13, 2017


Epic 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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