Chinese stocks in tentative bounce, Fed in no hurry to taper By Reuters – Investing.com
- Date: 29-Jul-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Chinese stocks in tentative bounce, Fed in no hurry to taper By Reuters – Investing.com
By Wayne Cole
SYDNEY (Reuters) - Asian shares managed a semblance of calm on Thursday as the U.S. Federal Reserve signalled it was in no rush to taper stimulus, though the mood was fragile as investors waited to see if Beijing could stem the recent bloodletting in Chinese shares.
There was also some promising news on the long-awaited U.S. infrastructure bill as the Senate voted to move ahead on the $1.2 trillion deal.
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