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Wednesday, December 14, 2016

Asia ready for Fed hike, anxious on rate outlook




Asia shares crept cautiously higher on Wednesday while a hush settled on the US dollar as investors felt certain the Federal Reserve would raise rates for the first time in a year, but were less sure what it might herald for 2017.


Australia led the early going with gains of 0.7 percent and MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.2 percent.


Japan's Nikkei went the other way, easing 0.1 percent with moves across the region modest at best.







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