Asian markets trade higher as Fed keeps rates steady

US President Donald Trump is expected to meet top advisers on Thursday to discuss tariffs on ~$160bn worth of Chinese consumer goods that are due to take effect on Dec 15, Reuters reported.

Dec 12, 2019 02:12 IST India Infoline News Service

Asian stocks were trading higher after the US Fed Reserve kept interest rates steady but said that the outlook was likely to be accomodative.

Investors, however, remained cautious over the imminent UK election and deadline for US-China trade talks.

MSCI's broadest index of Asia-Pacific shares outside Japan to rose 0.2%.

The S&P 500 rose 0.29% on Wednesday after the Fed's rate decision. 

Meanwhile, Sterling traded near the highest in more than two years against the euro ahead of voting that will decide whether Britain exits the European Union with a deal.

Elsewhere, US President Donald Trump is expected to meet top advisers on Thursday to discuss tariffs on ~$160bn worth of Chinese consumer goods that are due to take effect on Dec 15, Reuters reported.

Oil prices fell after data showed an unexpected rise in US crude inventories.

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