Asian markets up after Fed minutes

<p>The Fed reiterated it would not raise interest rates before a considerable amount of time.</p>

Investors' sentiment was high today (October 9th) after the US Federal Reserve released minutes from its policy meeting, which eased fears of an interest rates rise.

Markets were reassured when the Fed reiterated it would not raise rates before a "considerable" amount of time.

US policymakers showed concerns about the risks to the US dollar's strength, a stumbling eurozone economy, slowing growth in China and Japan and geopolitical risks.

"Some participants expressed concern that the persistent shortfall of economic growth and inflation in the euro area could lead to a further appreciation of the dollar and have adverse effects on the US external sector," the minutes said.

The Nikkei rose 0.46 per cent and Hong Kong added 1.21 per cent. Sydney was up 1.58 per cent while Shanghai edged up 0.12 per cent.

MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.5 per cent.

Learn about the Asian markets and CFD trading at City Index.


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