Muslim World$type=three$h=250$c=3$author=hide$comment=hide$rm=hide$date=hide$snippet=hide$show=home





Saudi Arabia$type=two$count=2$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World




Popular Posts All time_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 7 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 30 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last year_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Asian markets tick lower as Fed meeting approaches


HONG KONG  - Asian markets dipped on Tuesday as attention turns to this week's much-anticipated Federal Reserve meeting, while analysts said the recent Trump-fuelled rally may have been overblown.

Global stocks have surged since Donald Trump was elected US president as investors bet his plans for huge infrastructure spending and tax cuts will kickstart the world's top economy.

However, with the Fed meeting looming trading floors have quietened, waiting to see if the central bank provides any forward guidance on its plans for 2017 after an expected interest rate hike.

"With a rate hike at this week's (meeting) fully priced and given the strong rally in the dollar, we are likely seeing some paring of positions heading into the rate decision," Khoon Goh, head of regional research at Australia & New Zealand Banking Group in Singapore, told Bloomberg News.

"Market participants are also reassessing whether the Trump rally has gotten a bit ahead of itself."

By the break in Tokyo the Nikkei was down 0.2 percent, having closed Monday at its highest level this year.

Hong Kong slipped 0.3 percent while Shanghai was 0.5 percent lower, with traders unimpressed by a better-than-expected read on Chinese factory output and retail sales.

Sydney was flat and Seoul put on 0.1 percent but Singapore, Wellington and Manila were all down.

The anaemic performance came despite record close for the Dow on Wall Street.

On foreign exchanges the dollar edged back against most high-yielding currencies having tapped multi-month highs against most over the past few weeks.

The Australian dollar, South Korea's won and Indonesian rupiah were up between 0.2 percent and 0.3 percent.

The oil-dependent Malaysian ringgit surged more than two percent, tracking Monday's surge in crude prices after the weekend agreement by non-OPEC members to slash output.

Crude prices held up in Asian trade Tuesday but Jeffrey Halley, senior market analyst at OANDA, said it would likely struggle to break further up after Monday's more than two percent gains.

"Oil speculators will need a continual stream of good news to maintain oil's rally at these levels, as they run into a solid wall of producer hedging (selling) in the futures market," he said.

"With US shale dusting off more rigs by the day, at these levels, expect this producer hedging to increase as oil grinds higher."

- Key figures around 0230 GMT -

Tokyo - Nikkei 225: DOWN 0.2 percent at 19,125.57 (break)

Hong Kong - Hang Seng: DOWN 0.3 percent at 22,374.86

Shanghai - Composite: DOWN 0.5 percent at 3,138.47

Euro/dollar: DOWN at $1.0630 from $1.0636 Monday

Dollar/yen: UP at 115.15 yen from 115.04 yen

Pound/dollar: DOWN at $1.2673 from $1.2678

Oil - West Texas Intermediate: DOWN two cents at $52.81 per barrel

Oil - Brent North Sea: UP nine cents at $55.78

New York - Dow: UP 0.2 percent at 19,796.43 (close)

London - FTSE 100: DOWN 0.9 percent at 6,890.42 (close)



Ads,5,Afghanistan,75,Africa,26,Americas,5,Animals,36,Argentina,1,Asia,235,Australia,11,Austria,5,Bahrain,2,Bangladesh,18,Barcelona,1,Belgium,3,Brunei,1,Business,1300,Canada,4,Catalan,80,China,118,Cuba,3,Czech Republic,3,DR Congo,1,Egypt,22,Ethiopia,1,Europe,237,Fitness,14,France,26,Germany,37,Headlines,11,Health,169,Hillary Clinton,199,Hong Kong,2,Hungary,1,Iceland,1,India,104,Indonesia,9,International,75,Iran,77,Iraq,77,Ireland,2,Islamophobia,19,Israel,10,Italy,3,Japan,36,Jordan,1,Kenya,7,Kosovo,1,Kuwait,3,Lebanon,2,Libya,2,Lifestyle,302,Lithuania,1,Malawi,1,Malaysia,15,Malta,1,Maxico,3,Middle East,127,Muslim World,598,Myanmar,35,Nawaz Sharif,5,Nepal,3,Netherlands,2,New Zealand,9,Niger,1,Nigeria,2,Nobel Prize,81,North Korea,53,Norway,1,Opinion,26,Pakistan,1036,Palestine,36,Philippine,16,Pics,66,Poland,3,Popular,1,Qatar,93,Rohingya,118,Russia,45,Rwanda,1,Saudi Arabia,83,Science,144,Serbia,2,Showbiz,350,Somalia,4,South Africa,1,South Korea,7,Spain,60,Sports,1311,Sudan,1,Sweden,1,Switzerland,2,Syria,112,Taiwan,2,Technology,449,Thailand,5,Today IN History,24,Top News,994,Tunisia,1,Turkey,77,U.S.,301,UAE,21,UK,51,Ukrain,2,Venezuela,4,Videos,75,Vietnam,2,World,4824,Yemen,21,Zimbabwe,2,
Muslim Global: Asian markets tick lower as Fed meeting approaches
Asian markets tick lower as Fed meeting approaches
Muslim Global
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy