Market News

    Asian shares jump after Powell nixes rate hike fears

    TOKYO/MIAMI (Reuters) - Asian stocks jumped on Thursday after U.S. Federal Reserve Chair Jerome Powell reaffirmed interest rates would stay low for a long time, calming market fears that higher inflation might prompt the central bank to tighten the monetary spigot.

    Promise of cheap money keeps stocks buoyant

    SINGAPORE/MIAMI (Reuters) - Bond markets steadied, the U.S. dollar fell and stocks edged ahead on Wednesday after central banks from Washington to Wellington vowed to keep monetary policy loose for a long time, giving investors enough confidence to seek out riskier assets.