14th November 2013
Asian stock markets have generally advanced today (November 14th), amid speculation the Federal Reserve will maintain its quantitative easing programme into 2014.
The US central bank's monetary stimulus has been seen as the main driver of growth in global equities over the course of 2013, but recent positive economic data in the country had led to expectations the Fed will reduce its asset purchases at its December policy meeting.
However, Janet Yellen - who has been formally nominated to succeed Ben Bernanke as chair of the bank at the end of January 2014 - released a statement yesterday noting there is "more work to do" in terms of the country's recovery.
This has been interpreted as a sign the Fed will look to keep its stimulus in place for longer than previously expected.
In late Asian trading, Hong Kong's Hang Seng gained 0.9 per cent, while the Nikkei 225 index added 2.12 per cent to end the session on 14,876.41 points - its highest level in four months.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.