In an environment where the world's largest economy, the U.S. is getting stronger, Asian stocks provided to carry its profit to the second day after investors get their attention to the FED decision about interest increase. The MSCI Asia Pacific Index rose to 135.25 level with a 0,1% increasement after showed the strongest decline in the last month. Topix Index in Japan rose 0.2% with 104.11 Yen level against the USD on the global forex market. Investors will follow production and inflation which is key economic data on the market, to understand the view that is related to the fact that Fed will increase borrowing costs. Fed Chairman Janet Yellen, in his speech on the day of Friday, the central bank said it would continue to be cautious about increasing interest. The possibility of increasing the interest in the month of December is predicted more than 50% according to the last developments. The last U.S. presidential debate to be held on the 19th October and corporate profits of the USA will be followed by the global investors on the market. South Korea's Kospi Index rose 0.2%. Australia's S&P/ASX 200 Index rose 0.1%, while New Zealand’s S&P/NZX 50 Index fell 0.8%.
- Date: 17 October 2016 Mon 10:33
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