Asia stocks edge up, dollar dips as markets await Fed Clues

Asia shares inched ahead while the dollar slipped on Tuesday as a dearth of major data left markets with little to do but second guess whether the Federal Reserve will raise US interest rates this year.Get live Nifty Future Tips News Updates visit us : http://www.ripplesadvisory.com/nifty-future-.php or Get Two Days Free Trial just on One Missed Call @98-27-80-80-90 

 

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent, with South Korea and Australia adding similar amounts. Japan's Nikkei went the other way and eased 0.4 percent as the yen gained on the dollar. 

 

The whole world seems to have hushed ahead of comments from Fed Chair Janet Yellen at the central bank's annual meeting in Jackson Hole on Friday. Investors still doubt the stars will align for a hike anytime soon, so a hawkish tone from Yellen would challenge that equanimity. 

 

"Ever so slowly, the market does seem to be reluctantly acknowledging the chorus of senior Fed speakers who have suggested recently that a 2016 rate hike is still quite probable and September is 'live'," wrote analysts at ANZ in a note. "But in reality, the response has been very muted."