Asian shares rise as Fed cheer offsets trade, UK angst
TOKYO - Asian stocks rose on Thursday to the highest in a month after the Federal Reserve signalled rate settings were likely to remain accommodative, but the imminent UK election and a deadline for Sino-U.S. trade talks kept investors cautious.
That helped MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS climb 0.98% to the highest since Nov. 11. Japan's Nikkei stock indexrose 0.22% and U.S. stock futures ESc1 edged up 0.1%. Australian shares were down 0.65%, however, weighed by the financial sector after a money-laundering scandal.
“You also have the U.S.-China trade problem. We’re likely to see subdued trading and some investors may lock in profits as the day progresses.”rose 0.29% on Wednesday after the Fed's rate decision, which included enough dovish tones to cheer markets. Polls show the Conservatives’ lead shrinking ahead of an election starting later on Thursday, which could jeopardise chances of a smooth Brexit.
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