Asian shares hit two-week high on Fed pause bets, China boost By Reuters

Asian shares hit two-week high on Fed pause bets, China boost

China shares have gained this week following the announcement of measures to lift investor confidence, including halving the stock trading stamp duty, loosening margin loan rules, and putting the brakes on new listings.rose 0.75%.

Overnight, Wall Street ended sharply higher, while Treasury yields slid to three-week lows after data showed U.S. job openings dropped to the lowest level in nearly 2-1/2 years in July, signalling easing labour market pressures. [.N] Markets are pricing in an 89% chance of the Fed standing pat at its meeting next month, the CME FedWatch tool showed, and are now pricing in a 50% chance of another pause at the November meeting compared with a 38% chance a day earlier.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Investingcom /  🏆 450. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China's factory activity likely extended declines in August - Reuters poll By ReutersChina's factory activity likely extended declines in August - Reuters poll
Read more »

San Francisco Fed's chief of supervision to retire By ReutersSan Francisco Fed's chief of supervision to retire
Read more »

Stock market today: Asian shares mostly rise after Fed chief speechAsian shares are trading mostly higher, as investors felt relief from the head of the Federal Reserve indicating it will “proceed carefully” on interest rates.
Read more »

Stock market today: Asian shares mostly rise after Fed chief speechAsian shares are trading mostly higher, as investors felt relief from the head of the Federal Reserve indicating it will “proceed carefully” on interest rates.
Read more »

Stock market today: Asian shares mostly rise after Fed chief speechAsian shares are trading mostly higher, as investors felt relief from the head of the Federal Reserve indicating it will “proceed carefully” on interest rates.
Read more »

Bonds rally, stocks drift as China boost fades By ReutersBonds rally, stocks drift as China boost fades
Read more »