Asia Pacific
share market traded higher on Wednesday, 21 January 2015, as risk
sentiments boosted up on hopes stimulus from central banks to bolster
uneven global growth. The MSCI Asia Pacific Index added 0.9% to 139.8.
Investors were looking forward to the European Central Bank (ECB) policy statement tomorrow for any stimulus measures. Many in the regional markets are betting that the ECB President Mario Draghi probably throw the continent's stricken economy another lifeline, a 550 billion-euro ($635 billion) program of quantitative easing.
Markets also expects China's to roll out more support measures after reporting on Tuesday that its economy grew at its slowest pace in 24 years in 2014.
The Bank of Japan ended a two-day meeting on Wednesday. The Bank of Japan cut its inflation forecast for fiscal 2015 to 1% from 1.7% previously, but left its target for the monetary base unchanged in its policy decision today, citing brighter economic growth that could eventually help put prices back on a firm upward path. A continued slide in oil prices is making it even more difficult for the central bank to achieve its 2% inflation target anytime soon, but the absence of extra easing measures suggests the BOJ remains optimistic that underlying inflation remains in place and the economy could grow faster down the line.
Read more Click here / www.trade4x.net
Investors were looking forward to the European Central Bank (ECB) policy statement tomorrow for any stimulus measures. Many in the regional markets are betting that the ECB President Mario Draghi probably throw the continent's stricken economy another lifeline, a 550 billion-euro ($635 billion) program of quantitative easing.
Markets also expects China's to roll out more support measures after reporting on Tuesday that its economy grew at its slowest pace in 24 years in 2014.
The Bank of Japan ended a two-day meeting on Wednesday. The Bank of Japan cut its inflation forecast for fiscal 2015 to 1% from 1.7% previously, but left its target for the monetary base unchanged in its policy decision today, citing brighter economic growth that could eventually help put prices back on a firm upward path. A continued slide in oil prices is making it even more difficult for the central bank to achieve its 2% inflation target anytime soon, but the absence of extra easing measures suggests the BOJ remains optimistic that underlying inflation remains in place and the economy could grow faster down the line.
Read more Click here / www.trade4x.net
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