Nikkei rises after ECB’s decision; chip-related shares tumble

Japan’s Nikkei share average rose on Friday morning after the European Central Bank announced it would avoid raising rates until mid-2019, but chip-related stocks tumbled after a brokerage slashed the target price of Tokyo Electron.

The market was on mid-day break when the outcome of a Bank of Japan meeting was announced. As widely expected, the BOJ kept its short-term interest rate target at minus 0.1 percent and a pledge to guide 10-year government bond yields around zero percent.

The Nikkei gained 0.4 percent to 22,827.77 at the break. The broader Topix rose 0.3 percent to 1,788.49.

The ECB announced it would end its bond-purchase programme at year-end but signalled that any interest rate hike was still distant.

Source: Reuters

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European Markets Close Higher Ahead of Fed Rate Decision

European markets closed higher Wednesday afternoon, as investors waited for the latest monetary policy decision from the U.S. Federal Reserve.

The pan-European Stoxx 600 index closed 0.2 percent higher at 388.25 provisionally with most sectors finishing in positive territory.

Source : CNBC

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Stocks Open Slightly Higher as Fed Decision Looms

U.S. stocks kicked off trade tentatively higher on Wednesday as investors awaited the Federal Reserve’s policy statement later in the session, with officials set to lift benchmark interest rates by a quarter of a percentage point and market’s hoping for clarity on the central bank’s plan for monetary policy in coming months and years.

The Dow Jones Industrial Average rose less than 0.1% at 25,326, the S&P 500 index climbed less than 0.1% at 2,788, while the Nasdaq Composite Index rose at 0.1% at 7,713. Concerns about monetary stimulus ebbing have joined worries about politics and trade spats emanating from President Donald Trump’s administration.

Source : Marketwatch

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