Asian equities rose and the dollar dipped on Thursday,
after the Federal Reserve indicated that it was not in a
rush to end quantitative easing and begin hiking rates.
The fall in global markets too may have dampened sentiment with the major European markets losing half a percent. Asian stocks fell on Wednesday after U.S. Stocks
skidded, while a drop in U.S.
The Dow Jones industrial average fell 44.05 points or 0.26
percent, to end at 17,024.21. The S&P 500 declined 7.79
points or 0.39 percent, to 1,977.65. The Nasdaq Compos-
ite dropped 34.40 points or 0.77 percent, to 4,451.53.
Asian markets witnessed profit taking after hitting three-
year high on Friday on the back of encouraging economic
data from the US signalling an uptick in the world's largest economy. Japan's Nikkei ended up 0.6% at 15,437.
European shares began the month with a gain, as BNP
Paribas rose on relief it had settled a U.S. sanctions case
and mining companies rallied after encouraging economic data came out of China, the world's top metals
consumer.
European equities steadied on Monday, as gains in
chemicals companies led by the Belgian group Solvay
were offset by weaker travel stocks after a ratings down-
grade caused easyJet shares to slump.
Asian shares got off to a tentative start on Friday after a
weak performance on Wall Street, and global bond yields
dropped on creeping doubts on the strength of the U.S.
economic recovery.
Asian shares swung higher on Thursday as weak U.S.
growth seemed to further delay the day when interest
rates might rise, pulling down bond yields globally and
pushing investors toward riskier assets in a desperate
search for returns.
European shares lost ground on Tuesday, the broader
market was unable to gain traction from new signs of
corporate takeover activity. The broader FTSEurofirst
300, meanwhile, traded only around three-quarters of its
average volume
Asian shares were subdued on Tuesday while major currencies kept to recent snug ranges after a surprisingly
soft reading on euro zone manufacturing took the shine
off better data from China,
Asian stocks and the Australian dollar rose on Monday as
upbeat news from China's factory sector and fresh highs
on Wall Street fueled appetite for riskier assets, MSCI's
broadest index of Asia-Pacific shares outside Japan.
European stock markets were steady on Wednesday, hovering near multi-year highs reached last week and supported by shares in major energy companies as violence in Iraq pushed up oil prices.