Asian Stocks Jump After Fed Rate Cut
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Asian stock markets soared Wednesday in the wake of Wall Street's overnight surge spurred by the U.S. Federal Reserve's larger-than-expected interest rate cut
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Asian stocks hit a record high on Monday and the dollar plumbed an all-time low versus the euro and a basket of major currencies as investors bet the U.S. Federal Reserve will cut interest rates this week.
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Stocks were higher in early trading amid speculation that the Federal Reserve will cut interest rates at its Jan. 29-30 meeting to ward off a recession.
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Asian stocks rose to a fresh life high on Monday as investors bet there will be a U.S. interest rate cut this week, which sent the dollar to a record low against the euro and a basket of major currencies.
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Stocks rose for a second day on Wednesday as investors bet the Federal Reserve's bold rate cut would help prevent the economy from slowing further and boost profits.
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Asian and European stock markets rose on Monday, supported by a pre-weekend rally for Wall Street on hopes the US economy may avoid a recession after US interest rates were slashed.
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Asian stocks rose on Thursday, with  an index of shares outside Japan at record levels for a second  successive day, as strong earnings from U.S. computer maker  Dell boosted shares in technology suppliers.
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The dollar rebounded on Thursday,  lifting shares of some Asian exporters, after the Federal  Reserve raised interest rates as expected and indicated it  would press ahead with further increases at a measured pace.
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Positive earnings and hopes for another Fed rate cut give stocks a boost.
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Stocks rose sharply on Tuesday on expectations the Federal Reserve will cut interest rates next week and on upbeat outlooks from technology companies.
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NEW YORK, Sept. 18 -- Wall Street barreled higher Tuesday after the Federal Reserve cut its benchmark interest rate by a larger-than-expected half percentage point.
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Stocks rose on Wednesday adding to the previous session's rally, the biggest in more than four years, as investors bet the Federal Reserve's aggressive rate cut would help prevent an economic slowdown.
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Stocks in Asia extended gains to more than 4 percent on Friday as a U.S. tax stimulus package, reassuring jobs data and the prospect of another Federal Reserve rate cut eased fears the world's top economy will slide into recession.
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Stocks rose on Wednesday as investors bet the Federal Reserve's bold rate cut would help prevent the economy from slowing further and boost profits.
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Asian stock markets close higher across the board Monday following gains on Wall Street, with key indexes hitting new record highs in Indonesia and Australia.
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Stocks surged on Monday as investors snapped up shares of manufacturers and downtrodden banks after more weak housing data bolstered expectations the Federal Reserve will slash rates this week.
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Stocks rose on Tuesday as expectations the Federal Reserve will slash interest rates for the second time in a week boosted banks, insurers and home builders.