Asian shares near four-month peak as BOJ takes the stage

Posted on:
Key Points

MSCIs broadest index of Asia-Pacific shares outside Japan was 0.31% higher and on course for 2.5% gain in the week, its best weekly performance since January...

Asian shares rose to a near four-month high on Friday as resilient U.S. economic data stoked expectations that the Federal Reserve is near the end of its rate-hike campaign, with investor focus switching to the Bank of Japans policy meeting..

The BOJ rounds up a central bank heavy week, with broad expectations that the central bank will stick with its ultra-loose monetary policy even as inflation ticks higher...

Economic conditions are telling the BoJ that its ultra-easy policy has passed its used-by date, yet given what Ueda has been saying, the consensus view is that the BoJ will stand pat, said Rodrigo Catril, senior FX strategist at National Australia Bank...

Chinas stock markets got a boost this week after the central bank cut the borrowing cost of its medium-term policy loans for the first time in 10 months to aid a shaky economic recovery, with investors hoping more stimulus is on the horizon...

You might be interested in

Fed readies another rate hike in pivotal week for central banks

23, Jul, 23

Both Fed Chair Jerome Powell and ECB President Christine Lagarde have warned that inflation remains too high, forcing them to raise borrowing costs further. But with neither central bank meeting again until September, economists say the outlook for policy into the back end of the year remains open-ended.

Asia shares near month high ahead of central bank meetings

12, Jun, 23

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.17% to 519.96, having touched a more than one-month peak of 521.94 earlier in the session.

Yen, Asian stocks in cautious mood ahead of BOJ decision

19, Dec, 23

By Tom Westbrook SINGAPORE (Reuters) - Asian shares and the yen steadied early on Tuesday as traders' focus turned on Japan's central bank and whether it might edge further away from its ultra-easy

Japan shares hit three-decade high, yuan climbs

20, Nov, 23

By Wayne Cole SYDNEY (Reuters) - Japanese shares hit highs not seen since 1990 on Monday as strong earnings and offshore demand fuelled a three-week winning streak, while the yuan was nudged higher by

Asia shares extend rally on hopes of early rate cuts

06, Nov, 23

By Wayne Cole SYDNEY (Reuters) - Asian shares rallied for a fourth straight session on Monday after markets moved to price in earlier rate cuts in the United States and Europe, bullish wagers that

Asian stocks perk up, focus shifts to US inflation, BOJ

12, Mar, 24

By Ankur Banerjee SINGAPORE (Reuters) -Asian equities rose on Tuesday led higher by Chinese tech firms although investors' main focus was on key U.S. inflation data, while expectations that the Bank

Pivot party lifts European stocks, oil to best week of year

26, Jan, 24

By Marc Jones LONDON (Reuters) - Europe's share markets were heading for their best week of the year so far and oil was on track for its strongest performance since October on Friday as traders

Charting the global economy: Fed, BOE, SNB push ahead with hikes

26, Mar, 23

The central banks in US and UK increased policy rates by a quarter point while policymakers in Switzerland went for a half point.

Wall Street set to extend rally amid central bank pause, after China sell off

23, Jan, 24

By Nell Mackenzie and Wayne Cole LONDON/SYDNEY (Reuters) -Wall Street futures looked set to surpass last week's peaks on Monday, while shares in Hong Kong and China tumbled ahead of a week brimming

Asia stocks fall as Jerome Powell sticks to hawkish tone on interest rates; eyes on BoE

22, Jun, 23

The index is down around 2.7% for the week, the worst since early March.