Cautious Fed raises stocks to record peaks

Cautious Fed raises stocks to record peaks

On Friday, global stocks demonstrated record peaks, with Asian equities soaring for the fifth straight trading session, as signs that the major US bank will pursue a gradual rate tightening path and expectations for a strong earnings season increased appetite for risk assets.

The MSCI World Index was nearly 0.1% higher, a bit below an all-time intraday peak demonstrated earlier. The benchmark’s on track to conclude the trading week 1.6% higher.

Outside Japan MSCI's broadest index of Asia-Pacific stocks headed north 0.25% getting to its highest outcome for two years. The benchmark is braced for a 3.3% revenue for the week, which would be its greatest since mid-March.

Meanwhile, Japan's Nikkei N225 went up 0.2%, braced for a weekly leap of 1.1%.

As for Chinese stocks, they dared to buck the upbeat trend, with the CSI 300 index diving 0.1%, and the Shanghai Composite sliding 0.2%. In Hong Kong, Hang Seng stood intact.



Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

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