Stocks in Asia head higher as Fed seen dovish

US Dollar Falls as Investors Await Inflation Signs

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 27, 2017.

U.S. Treasury prices and stocks worldwide were little changed on Wednesday after minutes from the Federal Reserve's September policy meeting were in line with expectations, while the euro was higher after Catalonia held off on moving to independence.

Analysts said the minutes showed that policymakers are open to a December interest-rate hike despite concerns about low inflation levels.

In addition, many Fed officials judged that at least part of the softening in inflation this year was the result of idiosyncratic or one-time factors, and, thus, their effects were likely to fade over time. The Canadian dollar was trading at C$1.2477 to the greenback, or 80.15 US cents, down 0.1 percent.

A rise in defensive sectors such as utilities was partly offset by declines in cyclicals such as financials a day before USA banks' quarterly reporting season kicks off. "Speakers have been out in force recently and I think they've been pretty clear that a December rate hike is certainly on the table", said Thomas Simons, a money market economist at Jefferies in NY.

"We go back to focusing on inflation, that's really where we need more clarity to get a sense of where things are headed for the rest of the year", Rajappa said.

-Spain's 10-year yield fell six basis points to 1.64 percent.

The 30-year bond was last up 3/32 in price to yield 2.8768 percent, from 2.881 percent late on Tuesday.

Spanish stocks rallied and the euro reached a two-week high after Catalonia's leader, Carles Puigdemont, declined to make a formal independence declaration on Tuesday to allow for talks with Madrid. That disappointed many pro-independence supporters but pleased financial markets.

A 1.3 percent jump in Spain's IBEX .IBEX more than reversed the previous session's fall while the broader equities market had a lackluster performance.

Spot gold was last up 0.1% at $1,292.72 an ounce, supported by a weaker dollar. The contracts had risen for the third day on Wednesday as OPEC's forecast for higher demand in 2018 and heightened tensions in Kurdistan supported prices.

"After last Friday's disappointing payrolls number, people has been taking profit" on US dollar positions, said Lennon Sweeting, chief market strategist at XE.com Inc.in Toronto. Oil prices rebounded from earlier losses, although they were still down on the session, after the U.S. Energy Department reported a larger-than-expected decline in U.S. inventories and a falloff in weekly production.

Japan's benchmark Topix index added 0.3 per cent as of 9:20 a.m.in Tokyo, touching the highest since July 2007.

Related News:

  • US Treasuries steady ahead of core September CPI inflation, retail sales

    US Treasuries steady ahead of core September CPI inflation, retail sales

    Readings on inflation and retail sales were both expected to be strong on Friday and they both disappointed. In commodities, oil prices fell as USA fuel inventories rose despite efforts by OPEC to cut production.

    Targa Resources Corp (TRGP) Holder Chickasaw Capital Management LLC Upped Position

    It has outperformed by 1.72% the S&P500. 182.63 million shares or 11.02% more from 164.50 million shares in 2017Q1 were reported. Whetstone Capital Advsr Ltd Limited Liability Company has invested 1.92% of its portfolio in Targa Resources Corp (NYSE:TRGP).
    We are not keen on fighting the case anymore: Aarushi's Grandfather

    We are not keen on fighting the case anymore: Aarushi's Grandfather

    Based on circumstantial evidence, it named Rajesh as the sole suspect, but refused to charge him due to lack of evidence. Later in 2012, his wife Nupur surrendered before a Ghaziabad court before trial and was also sent to Dasna Jail.
  • Facebook will now let you order food

    Facebook will now let you order food

    Seamless, one of the largest food delivery services in the USA , is not one of Facebook's launch partners for food ordering. Facebook has been working on the new product for a year, and carried out tests with restaurants including Papa John's.
    New law would send parents of bullying children to jail

    New law would send parents of bullying children to jail

    He says he would like to see if the new law makes a difference upstate before deciding if it's something worth considering here. North Tonawanda officials say the law is geared toward minors who repeatedly bully other children in public places.

    What's Happening With Shares of JA Solar Holdings (JASO) — Technical Focus

    Profund Advisors Llc decreased Prosperity Bancshares Inc (NYSE:PB) stake by 7,291 shares to 8,663 valued at $557,000 in 2017Q2. Norges Bank acquired a new stake in shares of NextEra Energy during the fourth quarter valued at about $678,763,000.
  • Newfield Exploration Co (NYSE:NFX) Institutional Investors Sentiment Unchanged in 2017 Q2

    Malaga Cove Cap Ltd Liability Corp accumulated 74,200 shares. 273,300 are owned by California Public Employees Retirement System. Peconic Partners Llc acquired 366,310 shares as Newfield Expl Co (NFX)'s stock declined 17.43%. (NYSE:NFX) for 104,664 shares.

    Jefferies Group Weighs in on SVB Financial Group's FY2017 Earnings (SIVB)

    ValuEngine lowered shares of SVB Financial Group from a "buy" rating to a "hold" rating in a report on Monday, October 2nd. Following the completion of the sale, the director now owns 6,672 shares of the company's stock, valued at $1,147,650.72.
    Pakistan vs Sri Lanka, 1st ODI, Dubai, live cricket score

    Pakistan vs Sri Lanka, 1st ODI, Dubai, live cricket score

    On top of that, Sri Lanka endured nightmarish ODI series in South Africa and India, earlier this year. "We lacked consistency. This will be Pakistan's first ODI since winning the Champions Trophy, where they beat India in the final in June.
  • Passengers board last ever Flight 666 to HEL on Friday the 13th

    Passengers board last ever Flight 666 to HEL on Friday the 13th

    From 29 October, the flight will be renamed AY954. 'In 11 years, we've flown 21 times the AY666 flight to HEL on Friday the 13. The word has been derived from the Norse mythology in which Frigg is the Norse Goddess for Friday.

    Alliance Resource Partners, LP (ARLP) Shares Bought by Edge Asset Management Inc

    Credit Suisse Ag has 0.02% invested in Alliance Resource Partners, L.P. (NASDAQ:ARLP). 900 are owned by Benjamin F Edwards And. The stock of Alliance Resource Partners, L.P. (NASDAQ:ARLP) has "Outperform" rating given on Thursday, July 30 by Cowen & Co.
    OnePlus 5T with a big, full screen display leaked in new image

    OnePlus 5T with a big, full screen display leaked in new image

    Besides the visually-appealing upgrade, some reports suggest that the handset would get dust and water resistance certification. However, there were many rumours ahead of the launch of the last OnePlus 5 mobile, and many of them had turned out to be true.


Most liked

1 critical after police-involved shooting in Brooklyn
A BB gun that police say was recovered following a police-involved shooting in Brooklyn on October 12, 2017. Police say they tried to take the suspect into custody but he eventually fled northbound of 34th Street.

Global Survey Equipment Market 2017 - Demand, Insights, Analysis and Forecast to 2022
Analysis of growth opportunities, challenges, and barriers to the market development are covered in this report. Furthermore, product types and applications give the simplified view of Wireless Infrastructure industry .

US Retail Sales Spike 1.6% In September Amid Higher Gas Prices
Not all stores saw a boost: Sales at furnishers, electronics and appliance stores, and sporting goods stores fell. Internet and non-store retailers like Amazon and Jet also continued to expand, rising by 0.5 percent.

Mizzou men's basketball in talks about exhibition game with Kansas
But I do think I caught the majority of the attention initially when I said, 'They left us. "We don't have to play them'". Mizzou did not schedule exhibition games this season but will play two closed scrimmages during the preseason.

Delphi Management Inc. MA Sells 3305 Shares of Liberty Global PLC (LBTYA)
QCM Cayman Ltd. bought a new position in shares of Liberty Global PLC during the 2nd quarter worth approximately $348,000. Ranger International Management LP grew its position in shares of Liberty Global PLC by 261.9% in the first quarter.

Family confirms remains found at mobile home park belong to missing mother
He daughter Jessica said she called her and told her that her house was on fire and she was trapped. I can't find my mom, Linda Tunis '.

San Antonio Stars are on verge of relocating, per report
The Stars would be the second professional franchise in Sin City after the Vegas Golden Knights officially launched this season. The San Antonio Spurs now own the Stars, and have announced that a sale and move to a new city is imminent.

LeBron aggravates ankle injury; opener vs. Celtics in doubt
He was initially listed as "day to day" but has been unable to participate in practice or in the Cavs first three preseason games. However, apparently, he and his team will just have to deal with it for now until he is finally okay.

Lady Gaga Says She's "Slowly Coming Back to Life" After Battling Pain
In another photo, Gaga proudly rocks a pair of Juicy Couture shorts and shares she's been back in the studio. We're excited to see you back in action, Gaga!

Home Depot, Inc. (The) (HD) Shares Sold by Nicolet Bankshares Inc
After a recent check, the 50-day Moving Average is 156.79, the 200-day Moving Average is 150.05, and the 7-day is noted at 165.46. Following the acquisition, the director now directly owns 1,400 shares of the company's stock, valued at approximately $219,954.

Chelsea keen to loan out Charly Musonda?
And the Evening Standard are reporting that Musonda, 20, could be shipped out on loan to get the playing time he wants. Musonda, who joined Chelsea's youth team from Anderlecht in 2012, has previously spent time out on loan at Real Betis.

Barcelona star Javier Mascherano could leave the club next summer
And the Argentinian admits the time may have come for him to look for a new club in search of regular first team football.

Parineeti Chopra thanks brother , Sahaj,who helped her during depression phase
Reportedly, Parineeti Chopra was likely to play the female lead and it might star a TV actor playing the role of her lover. Parineeti's first film in two years, Meri Pyaari Bindu , released in the first half of 2017 and received mixed response.

Principal and team removed from school for "concealing" sexual abuse of pupils
He remains in custody until his first court appearance on 22 November 2017 at the Orlando Magistrates Court. A 57-year-old patrolman was arrested this week for allegedly molesting girls from grade R to grade 7 .

Ares Capital Corporation (ARCC) Earning Somewhat Positive Media Coverage, Study Finds
The investment management company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). Also, it has an estimated price-earnings (P/E) multiple of 30.65 and a trailing 12-month price-earnings (P/E) multiple of 31.35.