Asia stocks weak, dollar shines as rate view unchanged; China eyed

Asia stocks weak, dollar shines as rate view unchanged; China eyed
 

Asian stocks held near three-week lows and the greenback consolidated recent gains on Thursday after minutes of the last U.S. Federal Reserve policy meeting indicated a December rate increase was still on the cards.
Risk appetite waned, with MSCI's broadest index of Asia-Pacific shares outside Japan easing 0.2 percent, its lowest since Sept. 21. Early stock markets were mixed with Australia down 0.5 percent while New Zealand stocks up 0.4 percent.
"In our view, if you came into these minutes with a December hike penciled in, there is no reason to change your stance," Omair Sharif,... read more

 
13 October 2016 in Business, Views: 62
Source: Reuters
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