Asian stocks are taking their cues from their US counterparts to push higher, after Fed officials appeared to call for US monetary policy stimulus in the near-term. On Thursday, Federal Reserve Bank of New York President, John Williams, said that central banks must “take swift action when faced with adverse economic conditions”. Also, Federal Reserve Vice Chairman, Richard Clarida, said yesterday that policymakers “don’t need to wait until things get so bad” before cutting interest rates.
Safe haven assets have been boosted by risk appetite that is being curtailed by the thought of waning… Read More:
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