Asian shares extend recent data-driven rally
Equities rise, while the dollar, US yields and gold hold steady as investors await the Fed’s view on the economy at its policy meeting
16 September 2020 - 07:45
Shanghai/New York — Most Asian shares rose on Wednesday, extending a rally driven by upbeat Chinese and US economic data, but the dollar, US yields and gold held steady as investors awaited the Federal Reserve’s view on the economy at its policy meeting.
Following robust industrial output and retail sales data from China and higher Us factory production investors are focusing on the Fed’s policy statement due Wednesday, the first since chair Jerome Powell announced an increased tolerance for higher inflation...
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