Thursday, 19 November 2015

Asian Market traded in green; Nikkei inches closer to 20,000 | Stock Market Tips

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Asian equities opened higher on Thursday after US markets reacted positively to the release of Federal Reserve's October meeting minutes that signaled a likely interest rate hike in December. 

US markets all ended in positive territory, with the Nasdaq Composite outperforming to close 1.79 percent or 89.19 points higher. The Dow Jones Industrial Average closed 247.66 points or 1.42 percent higher while the S&P 500 finished 1.62 percent or 33.14 points up. 

The Federal Open Market Committee's October minutes showed most members felt that economic conditions for a rate hike would be met by the next time the committee met in December. This was despite continued volatility being seen across global markets as a result of geopolitical issues, dampened commodity prices and an economic slowdown in China.

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