Asian shares rise on signs of US recovery
MSCI’s broadest index of Asia-Pacific shares outside Japan edges up but is down for the week
18 June 2021 - 08:02
Shanghai — Asian shares inched higher on Friday but were set for a weekly loss, while the US dollar hovered near two-month highs as investors continued to digest comments from the US Federal Reserve projecting interest rate hikes in 2023.
While the Fed messaging indicated no clear end to supportive policy measures such as bond-buying, signals of faster-than-expected rate hikes indicated concerns about inflation as the US economy recovers from the Covid-19 pandemic...
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