By: Li Bin Chen
HONG KONG (Reuters) -- Asia stocks and the dollar climbed on Thursday as investors took heart from the U.S. Congress making headway on a $825 billion stimulus spending package and other efforts to stem the financial crisis.
European shares were also expected to edge higher, buoyed by Asian and U.S. gains.
Government bonds slid and U.S. benchmark yields hit a six-week peak after the Federal Reserve laid out conditions for buying Treasuries as part of its aggressive policy easing to relieve credit market strains.
The Fed said it was still mulling the extreme move to buy Treasuries but would do so if it would help private credit markets, emphasizing its focus on bringing down borrowing rates for consumers and companies through other asset purchases.
No comments:
Post a Comment