Asian stocks firmer after US Fed comments fuel appetite for risk
MSCI Asia-Pacific index and Nikkei rise on expectations of a US interest rate cut
19 July 2019 - 08:17
Tokyo — Asian stocks advanced on Friday after a top Federal Reserve official cemented expectations of a US interest rate cut later in July, fuelling appetite for riskier assets and keeping a cap on the dollar.
New York Federal Reserve president John Williams said on Thursday that policymakers could not wait for economic disaster to hit before adding stimulus, in a speech read as a strong argument in favour of quick monetary action...
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