Sign in
|
Register
International Edition
Home
Business & Finance
Investing Tools
News
Live Quote:
On
RSS
My Page
|
Contact Us
RSS
Markets
|
Industries
|
Stocks
|
Analysis Reports
|
Expert Ideas
|
World Indices
|
Currencies
|
Commodities
RSS
Company A-Z
|
Stock Screener
|
My Portfolios
|
Streaming Quotes
|
Technical Analysis
RSS
Markets
|
Companies
|
Banking & Finance
|
Economy
|
Real Estate
|
International
Quotes
News
Reports
Investing Tools
Company A-Z
Company Search
Stock Screener
Portfolios
Trigger Alerts
Technical Analysis
Live Terminal
Mobile Tools
Useful Links
My Profile
My Favorites
Tuesday, July 2, 2024 4:03:49 AM
-
Markets open
VN-INDEX
1,254.56
+9.24/+0.74%
HNX-INDEX
238.56
+0.97/+0.41%
UPCOM-INDEX
97.30
-0.24/-0.25%
Asian stocks and dollar firmer as Yellen hints at March rate hike
Reuters - 2/15/2017 9:02:21 AM
(
0 ratings. You must sign in to rate.
)
Print
|
Add To Favorites
|
Email
|
RSS
Asian stocks rose early on Wednesday as Wall Street set record highs overnight after Federal Reserve Chair Janet Yellen spoke in support of an interest rate hike next month, while the dollar hovered near three-week highs.
Yellen said on Tuesday that the Fed will probably need to raise interest rates at an upcoming meeting in March, and that delaying rate increases could leave the Fed's policymaking committee behind the curve.
Yellen's comments boosted U.S. bank stocks, helping push Wall Street indexes to record highs overnight.
The rise in U.S. stocks nudged MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS to a 19-month high. The index was up 0.3 percent early on Wednesday.
"Fundamentally, the U.S. banks are simply being used as a vehicle to express reflation and 'Trumponomics'," wrote Chris Weston, chief market strategist at IG in Melbourne.
"Although last night really belonged to Janet Yellen whose prepared comments that waiting too long to tighten would be 'unwise' and a further review its policy stance will take place at its upcoming meetings."
Japan's Nikkei .N225 added 1 percent and Australian stocks rose 0.9 percent.
In currencies, the dollar index against a basket of major currencies stood at 101.230 .DXY, near a three-week high of 101.380 scaled overnight as investors reassessed the possibility of the Fed hiking interest three times this year following Yellen's comments.
U.S. interest rate futures FFZ7 implied traders saw about a 41 percent chance of at least three rate increases in 2017, up from a 33 percent chance on Monday, CME Group's FedWatch program showed.
The greenback was a shade higher at 114.370 yen JPY= after gaining about 0.5 percent the previous day, when it rose to a two-week high of 114.500. The euro was steady at $1.0576 EUR= after slipping to a one-month trough of $1.0561 overnight.
The dollar was supported as U.S. Treasury yields rose on the Fed Chair's comments, with the benchmark 10-year note yield US10YT=RR climbing about four basis points to an 11-day high the previous day.
The stronger dollar, which puts non-U.S. buyers of dollar-denominated commodities at a disadvantage, weighed on crude oil prices.
U.S. crude CLc1 was down 0.3 percent at $53.07 a barrel. Crude already came under pressure the previous day on evidence of surging U.S. stockpiles. [O/R]
Spot gold XAU= was little changed at $1,228.00 an ounce after paring its gains the previous day on a firmer dollar.
Newer News
26/06
NA ratifies the UK’s CPTPP accession protocol
26/06
Australia showcases technology capabilities at HCM City event
25/05
Gov't defines electronic money, Bitcoin not included
09/12
Measures needed to help SMEs tap ASEAN market: seminar
24/08
Upstream oil businesses profit from higher rents and limited supplies
06/03
Taxing second homes must be studied carefully: experts
21/09
Central banks set to hit peak rates at faster pace
23/03
Policymakers fear high inflation and unemployment
17/03
Current global inflation a worrisome situation
26/01
ASEAN+3 economic prospects positive in 2022
Older News
14/02
Dollar treads water as investors await Yellen testimony
14/02
Oil rises on OPEC-led cuts, but market remains range-bound
14/02
Asia shares eke out 19-month high, dollar holds firm
10/02
Oil prices stable on OPEC-led production cuts, but bloated inventories weigh
10/02
Trump tax talk lifts Wall Street to record high
10/02
Asian shares probe 18-month highs, cheered by Trump's tax cut talk
09/02
Dollar sags on lower yields; euro zone risk in focus
09/02
Asian stocks tread water on U.S. cues, Europe concerns
08/02
U.S. trade deficit falls as exports hit more than 1-1/2 year high
08/02
Asia shares down, euro pressured on Trump, European political woes
Newsletter Signup
*
*
Top Stories
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Deputy PM receives Group Chairman of Standard Chartered in Hà Nội
Market Update
HOSE
HNX
UPCOM
World
Last updated at
3:05:00 PM
VN-INDEX
1,254.56
+9.24/+0.74%
Top 5 Actives
Top 5 Gainers
Top 5 Losers
Market Overview
My Favorite Quotes
Recent Quotes
Portfolio Summary
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Current value:
Total gain/loss:
/
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
Choose a sector
Basic Materials
Industrials
Consumer Goods
Health Care
Consumer Services
Utilities
Financials
Technology
Oil & Gas
Telecommunications
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple
Portfolios
to help you better manage your investments.
Trigger Alerts
Get up-to-date
alerts
delivered directly to your email address.
Stock Screener
Allow you to
filter the market
and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME
streaming quotes
for hundreds of stocks from HOSE, HNX and UPCOM exchanges.