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Asia Markets: Asian markets rise on brighter economic data [MarketWatch]

BANK of NEW YORK MELLON (BK)  More Company Research Source: MarketWatch
Last bank of new york mellon earnings: 4/19 06:30 am Check Earnings Report
PDF Asian markets rise on brighter economic data Stocks in Asia rebounded Wednesday as economic data from around the region improved. The U.S. Federal Reserve kept interest rates on hold as expected, but language in its policy statement was changed to reflect confidence that inflation will stabilize around the central bank’s 2% target, said Marvin Loh, a senior global market strategist at BNY Mellon. “We view this change as an indication that the FOMC feels better about the current inflation outlook despite data that has not yet reflected much price or wage growth,” he added. Many market participants expect the next Fed rate rise will come in March. Meanwhile, corporate news and improved manufacturing readings across Asia helped give equities an early lift. Also, South Korean exports — viewed as a proxy for the strength of global trade — rose in January by more than expected. The Kospi SEU, +0.24% , however, only rose 0.1%. But Japan’s Nikkei NIK, +1.40% rose 1.2% after six straight [Read more]

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