{"id":113132,"date":"2021-04-29T01:30:36","date_gmt":"2021-04-29T01:30:36","guid":{"rendered":"https:\/\/fin2me.com\/?p=113132"},"modified":"2021-04-29T01:30:36","modified_gmt":"2021-04-29T01:30:36","slug":"asia-pacific-stocks-edge-higher-fed-keeps-interest-rates-near-zero","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/asia-pacific-stocks-edge-higher-fed-keeps-interest-rates-near-zero\/","title":{"rendered":"Asia-Pacific stocks edge higher; Fed keeps interest rates near zero"},"content":{"rendered":"<ul>\n<li>The Federal Reserve on Wednesday decided to leave short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month.<\/li>\n<li>Investors watched shares of Apple suppliers in Asia-Pacific after the Cupertino, California-based tech giant reported yet another blowout quarter, with sales 54% surging from last year. <\/li>\n<li>Markets in Japan are closed on Thursday for a holiday.<\/li>\n<\/ul>\n<p>In this article<\/p>\n<ul>\n<li><span>.AXJO<\/span><\/li>\n<\/ul>\n<p>SINGAPORE \u2014 Stocks in Asia-Pacific rose in Thursday morning trade, as investors react to the U.S. Federal Reserve&#x27;s decision to keep its easy money policy in place.<\/p>\n<p>South Korea&#x27;s Kospi gained 0.55% in early trade while the S&amp;P\/ASX 200 in Australia climbed 0.26%.<\/p>\n<p>MSCI&#x27;s broadest index of Asia-Pacific shares outside Japan traded 0.27% higher.<\/p>\n<p>Investors watched shares of Apple suppliers in Asia-Pacific after the Cupertino, California-based tech giant reported yet another blowout quarter, with sales 54% surging from last year.<\/p>\n<p>In South Korea, shares of LG Display were up around 0.4% in morning trade.<\/p>\n<p>Markets in Japan are closed on Thursday for a holiday.<\/p>\n<h2>Fed keeps easy money policy<\/h2>\n<p>The Federal Reserve on Wednesday decided to leave short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month.<\/p>\n<p>Fed Chairman Jerome Powell said the recovery is &quot;uneven and far from complete.&quot; He added that it&#x27;s still not time to discuss reducing policy accommodation, including asset purchases.<\/p>\n<table><\/table>\n<p>Overnight on Wall Street, the S&amp;P 500 closed less than 0.1% lower at 4,183.18 while the Dow Jones Industrial Average ended the trading day 164.55 points lower at 33,820.38. The Nasdaq Composite slipped 0.28% to close at 14,051.03.<\/p>\n<h2>Currencies and oil<\/h2>\n<p>The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.527 after a drop earlier in the week from above 90.9.<\/p>\n<p>The Japanese yen traded at 108.51 per dollar, as compared with levels above 108.6 against the greenback earlier this week. The Australian dollar changed hands at $0.78 following its climb yesterday from below $0.776.<\/p>\n<p>Oil prices inched lower in the morning of Asia trading hours, with international benchmark Brent crude futures down 0.12% to $67.19 per barrel. U.S. crude futures dipped fractionally to $63.83 per barrel.<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/04\/29\/asia-markets-us-federal-reserve-apple-suppliers-currencies-oil.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Reserve on Wednesday decided to leave short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month. [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":113131,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Asia-Pacific stocks edge higher; Fed keeps interest rates near zero - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/asia-pacific-stocks-edge-higher-fed-keeps-interest-rates-near-zero\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asia-Pacific stocks edge higher; Fed keeps interest rates near zero - Fin2me\" \/>\n<meta property=\"og:description\" content=\"The Federal Reserve on Wednesday decided to leave short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month. 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