Gold Silver Slip: Fed in No Rush to Taper | Gold Silver Reports

St. Louis Fed President James Bullard told the Washington Post on Wednesday that he doesn’t think there is going to be a taper tantrum and argued that markets are well prepared for it, as reported by Reuters.

Additional takeaways “My idea is to move earlier and faster on the taper so the Fed could be in a better position to combat strong inflation in 2022.” “The labor market is certainly improving and people will get matched up with jobs in the coming months.” “It’s very clear things have progressed quite rapidly than what the Fed was expecting in December 2020.” “The Fed would be able to assess the situation in the first half of next year after taking asset purchases off the table.”

Asia stocks try tentative rally, Fed in no rush to taper

Asian shares managed a modest bounce on Thursday as the U.S. Federal Reserve signalled it was in no rush to taper stimulus, though the mood was fragile as investors waited to see if Beijing could stem the recent rout in Chinese shares.

There was also some promising news on the long-awaited U.S. infrastructure bill as the Senate voted to move ahead on the $1.2 trillion deal.

China’s markets edged higher amid reports regulators had called banks overnight to ease concerns about tighter rules on the education sector and on overseas listings. 

“The message is that profit has not become a dirty word in the Chinese system of ‘Socialism with Chinese characteristics’, only in certain sectors,” said Ray Attrill, head of FX strategy at NAB.

सोशल मीडिया अपडेट्स के लिए हमें Facebook ( ) और Twitter ( ) पर फॉलो करें।

हमारी फ्री सर्विस और लोगो की paid सर्विस से कई गुना अच्छी है।
आपको हर दिन दिए जाएंगे 3 से 5 कॉल बिलकुल फ्री
हर CALL में PROFIT दिये जायेंगे


“How successful the messaging by the authorities will be in putting a floor under the broader Chinese stock market remains to be seen.”

For now, gains were tentative with blue-chip shares up 1.6%, but still down 5% for the week so far, while the Shanghai Composite Index added 1.2%.

MSCI’s broadest index of Asia-Pacific shares outside Japan bounced 1.9%, having slid to its lowest since early December on Wednesday. Japan’s Nikkei edged up 0.6%, while South Korea was flat.

S&P 500 futures eased 0.1%, as did EUROSTOXX 50 futures . Nasdaq futures dipped 0.3% perhaps weighed by a retreat in Facebook stock.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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