Back
16 Sep 2013
The ball is in the US – An expectant look from Green Asia
FXstreet.com (Chicago) – Asian stocks print green overall with the exception being the Shanghai Composite down. After Larry Summers, former Treasury Secretary withdrew his candidacy for Chairman of the Fed, world markets rallied. Ahead of the Fed’s tapering or not tapering announcement this week, the focus stays in the American country.
Tokyo is closed on Respect for the Aged Day holiday honoring elderly citizens. In China, the Shanghai Composite is down 0.24% while the Hang Sen 40 prints 1.17% gains. The South Korean Kospi is up 0.54% and the Indonesian IDX registers wins accounting for 1.86%. The Indian Sensex rebounds and marks 1.61% advancements so far. The S&P/ASX 200 prints 0.54% gains in Australia.
The world has all-eyes on the United States as the Federal Reserve Bank will announce a potential monetary deduction from its $85B bond-buying program. Right before the so-awaited announcement by the Fed, Former Treasury Secretary Larry Summers withdrew his name from the pool of candidates to replace current Chairman Ben Bernanke, triggering knee-jerk reactions unfavorable for a weakening dollar across the board.
Over the weekend, the US and Russia reached a deal on Syria to resolve the conflict peacefully and now the world expects the UN chemical weapons report turned in a few hours ago.
Tokyo is closed on Respect for the Aged Day holiday honoring elderly citizens. In China, the Shanghai Composite is down 0.24% while the Hang Sen 40 prints 1.17% gains. The South Korean Kospi is up 0.54% and the Indonesian IDX registers wins accounting for 1.86%. The Indian Sensex rebounds and marks 1.61% advancements so far. The S&P/ASX 200 prints 0.54% gains in Australia.
The world has all-eyes on the United States as the Federal Reserve Bank will announce a potential monetary deduction from its $85B bond-buying program. Right before the so-awaited announcement by the Fed, Former Treasury Secretary Larry Summers withdrew his name from the pool of candidates to replace current Chairman Ben Bernanke, triggering knee-jerk reactions unfavorable for a weakening dollar across the board.
Over the weekend, the US and Russia reached a deal on Syria to resolve the conflict peacefully and now the world expects the UN chemical weapons report turned in a few hours ago.