Asian stocks reach two-year peak after Fed hints at gradual tightening

Asian stocks reach two-year peak after Fed hints at gradual tightening

On Thursday, Asian stocks hit two-year peaks, while the evergreen buck and American bond yields dipped after the Fed signaled a cautious approach to future rate lifts as well as the reduction of its $4.5 trillion of bond holdings.

MSCI's broadest index of Asia-Pacific stocks soared 0.7%, reaching its highest value since June 2015, and also bringing its revenues to 17% so far in 2017.

The revenues were led by South Korean stocks that inched up 1%, reaching record peaks. In Hong Kong, the Hang Seng tacked on 0.8%, getting to its highest level since July 2015. Meanwhile, Taiwanese stocks conquered 17-year peaks.

Japan’s Nikkei leapt 0.4%.

As for mainland Chinese stocks that were unsettled by Moody's sudden downgrade of its credit rating on China on Wednesday, they retreated 0.3%.

The Canadian dollar grew to a five-week peak of C$1.3402 per greenback right after the Bank of Canada was more optimistic as for the country’s economy than some traders had actually expected.


Apple event surprised traders
Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera