Global Markets: Asia stocks hit four-month high as Fed turns more cautious; dollar sags - Dealers Care

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Thursday, 31 January 2019

Global Markets: Asia stocks hit four-month high as Fed turns more cautious; dollar sags

By Shinichi Saoshiro TOKYO (Reuters) - Asia stocks rose to a four-month high on Thursday, tracking Wall Street, after the Federal Reserve pledged to be patient with further interest rate hikes, signalling a potential end to its tightening cycle amid signs of slowing global growth. The dollar struggled near a three-week trough against its major peers and U.S. Treasury yields were significantly lower as investors reacted to the Fed's change in tone

from Latest News Business on Firstpost http://bit.ly/2sWpfIo

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