European stocks, Asian shares record gains – GulfToday

European stocks, Asian shares record gains – GulfToday

Investors are keeping an eye on the outcome of the Fed's policy meeting amid worries that an increase in inflation could make the central bank tighten monetary policy sooner than expected. "The ideal situation for the markets would be the central bank saying, "Yes, we're concerned about inflation and we're going to step in and prevent inflation going too high," said Connor Campbell, a financial analyst at spreadbetters SpreadEx. "Though the issue is going to be that the Fed is completely comfortable with inflation hitting 2% or higher." Japan's benchmark Nikkei 225 rose 0. 5% to finish at 29, 921. 09. South Korea's Kospi added 0. 7% to 3, 068. 21. Australia's S&P/ASX 200 jumped 0. 8% to 6, 827. 10. Hong Kong's Hang Seng gained 0. 3% to 28, 929. 99, while the Shanghai Composite recouped earlier losses and rose 0. 5% to 3, 436. 19. The slow pace of coronavirus vaccine rollout in Asia has put investors in cautionary mode. The news of AstraZeneca vaccine leading to blood clots after usage has led to its suspension in so many countries including Japan. Japan has started vaccinations of medical professionals with the product from Pfizer but was set to