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Asia shares sit still, await clarity on Fed policy


Added 08-22-19 12:03:01am EST - “Asian shares went flat on Thursday as uncertainty over the outlook for both U.S....” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Asia shares sit still, await clarity on Fed policy”. Below is an excerpt from the article.

SYDNEY (Reuters) - Asian shares went flat on Thursday as uncertainty over the outlook for both U.S. interest rates and the chance of global fiscal stimulus sucked the life out of markets.

Moves were miniscule, with MSCI’s broadest index of Asia-Pacific shares outside Japan off 0.2% in very light volumes.

Japan’s Nikkei added 0.1%, as did Shanghai blue chips. E-Mini futures for the S&P 500 dipped 0.04%, while EUROSTOXX 50 futures eased 0.09%.

Wall Street had been saved by surprisingly upbeat results from retailers, which sent Target Corp surging 20% and Lowe’s Cos Inc up 10%

Less welcome were minutes of the Federal Reserve’s July meeting, which showed policymakers deeply divided over whether to cut interest rates, but united in wanting to signal they were not on a preset path to more easing.

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