Asian stock markets tumbled Thursday after the
Market benchmarks in
Markets “hoped for the Fed to put policy money where the mouth is” but "ended up a tad disappointed,”
Also Thursday, the Japanese central bank left its interest rates unchanged and gave no indication about possible additional stimulus.
The Shanghai Composite Index lost 1% to 3,215.47 and the
The Kospi in
Global markets have recovered most of this year's losses, boosted by central bank infusions of credit into struggling economies and hopes for a coronavirus vaccine.
Forecasters warn, however, that the recovery might be too big and fast to be supported by uncertain economic activity.
U.S. investors are counting on
On Wednesday, the S&P 500 declined to 3,385.49. The Dow Jones Industrial average rose 0.1%, to 28,032.38. The Nasdaq composite lost 1.3% to 11,050.47.
Powell said the
“A full economic recovery is unlikely until people are confident that it is safe to re-engage in a wide variety of activities,” Powell said.
In energy markets, benchmark
The dollar gained to