Market News

Asian Stocks Soar After FED Maintains Interest Rates

Asian stocks FED rates
Businessman analysis stock chart in crisis covid-19 for investment in stockmarket and finance business planning selective stock for Stockmarket crash and Financial crisis

Asian stocks soar after FED maintains interest rates and global economic news. Follow us for the latest insights and analysis.

Global Markets Rally Amid Federal Reserve’s Decision

Asian Stock Markets: Nikkei up 1.20%, Shanghai Composite down 0.45%, Hang Seng up 0.61%, ASX up 0.90%

Commodities: Gold at $1992.05 (0.28%), Silver at $23.17 (1.39%), Brent Oil at $85.26 (1.06%), WTI Oil at $81.33 (1.13%)

Rates: US 10-year yield at 4.729, UK 10-year yield at 4.532, Germany 10-year yield at 2.710

Asian Stocks Soar After Federal Reserve Maintains Interest Rates

November 2, 2023 – Asian markets led a global rally following the US Federal Reserve’s decision to maintain its benchmark interest rates, coupled with an optimistic outlook on the economy. South Korea reported a third consecutive month of rising consumer prices, slightly exceeding expectations. Meanwhile, Australia’s trade surplus in goods narrowed, adding to the positive market sentiment.

Asian Market Highlights

In Japan, the Nikkei 225 surged by 1.2%, reaching a multi-week high, accompanied by the Topix index, which added 0.51%. South Korea’s Kospi and Kosdaq indices marked significant gains of 1.81% and 4.55% respectively. Hong Kong’s Hang Seng index also rose by 0.61%. However, China’s CSI 300 was the only major benchmark in negative territory, slipping by 0.43%. Australia’s S&P/ASX 200 climbed by 0.9% to its highest level in nearly two weeks.

U.S. Market Rebound

Investors in the United States regained confidence as the Federal Reserve’s decision to maintain steady interest rates reassured the markets. The Dow Jones Industrial Average rose by 0.67%, the S&P 500 climbed by 1.05%, and the Nasdaq Composite added 1.64%.

Upcoming Economic Highlights (GMT Time)

Noon – GBP BOE Monetary Policy Report

GBP Monetary Policy Summary & MPC Bank Rate Votes

Official GBP Bank Rate Announcement

12:30 PM – GBP BOE Gov Bailey Speech

12:30 PM – USD Unemployment Claims Report

Worldwide, Investors and traders are closely watching these events, which could influence market trends and trading activities in the coming days.

Stay Updated with the Latest Market News. Visit our YouTube Channel for the Latest Forex Analysis.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Our Newsletter

Subscribe to ForexPropNews Trading Newsletters

Receive the best-curated content by our editors for the week ahead.

Mini Charts

Fidelcrest video review

Play Video

Related Articles

Surging Markets: A Week of Record Highs and Key Risk Events Ahead

Last week's record highs in US stock markets driven by tech and...

AUD/USD in Focus: Resistance Levels and Inflation Data Awaited

The Aussie dollar faces resistance against the US dollar ahead of key...

USD/CHF: Choppy Price Action on the H4

USD/CHF – Technical Analysis- H4 Chart The chart shows that the price...

EUR/USD: Bull Looks Stronger

EUR/USD- Technical Analysis- H4 Chart The chart shows that the price has...

Featured educational content

EXPLORE MORE

Featured educational content

New to Forex? Learn to Read Charts Like a Pro

Dive into forex trading basics: chart reading, candlesticks, technical indicators, timeframes, currency pairs. Start your journey to trading success today!

Video: How I Re-Programmed My Mind to be a Consistent Trader (Thanks to The Wolf of Wall Street)

How I Re-Programmed My Mind to be a Killer Trader (Thanks to The Wolf of Wall Street)

Video: This Invisible Trading Indicator Tells you What Day Trade (Not Just Price)

This Invisible Trading Indicator Tells you WHEN to Trade (Not Just Where)

Technical Analysis: Chart Patterns and Indicators for Profitable Investments

Navigate stocks with confidence using chart patterns like Head and Shoulders, indicators such as MACD, and tools like trendlines. Master technical analysis for...

Latest News

Surging Markets Week of Record Highs
Market News

Surging Markets: A Week of Record Highs and Key Risk Events Ahead

Last week's record highs in US stock markets driven by tech and AI stocks set a positive tone for investors.

AUD/USD resistance
Market News

AUD/USD in Focus: Resistance Levels and Inflation Data Awaited

The Aussie dollar faces resistance against the US dollar ahead of key inflation data, while Asian indices see a mild decline.

Copyright © 2023 Forex Prop News. All Rights Reserved.