Asian share markets crept ahead on Monday while bonds were in demand globally on speculation the U.S. Federal Reserve will sound decidedly dovish ...
SYDNEY: Asian share markets crept ahead on Monday while bonds were in demand globally on speculation the U.S. Federal Reserve will sound decidedly dovish at its policy meeting this week.
Also expected is more detail on a plan to stop culling the Fed's holdings of nearly US$3.8 trillion in bonds. The two-day meeting ends with a news conference on Wednesday. Data on Friday showed U.S. manufacturing output fell for a second straight month in February and factory activity in New York state hit nearly a two-year low this month, offering further evidence of a sharp slowdown in economic growth early in the first quarter.
British Prime Minister Theresa May's government is scrambling to get support in parliament for her Brexit deal.
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