GLOBAL MARKETS-Asia shares set to follow Wall Street’s modest gains after Fed maintains stance – Investing.com India

SourceInvesting.com
SectorFinancial Markets
CountryMiddle east

By Chibuike OguhApril 7 (Reuters) - Asian equities are poised to track Wall Street's cautious gains on Thursday after minutes from the Federal Reserve's latest meeting reiterated its commitment to keep interest rates low until the U.S. economy makes a more secure recovery.The S&P 500 and Dow closed slightly higher on Wednesday, as the Fed's commentary reinforced investor expectations that the central bank plans to maintain its policy support despite massive fiscal spending from the recent government stimulus package."Investors remain intensely focused on interest rates," said Jeff Buchbinder, equity strategist at LPL Financial in Boston. "We in the market didn't expect any signals of a change in policy and that's what we got."Australian YAPcm1 rose 0.52% in early trading, while {{178|Japan's Ni added 0.03%.U.S. Federal Reserve officials expressed caution about ongoing risks of the pandemic and reaffirmed their commitment to bolstering the economy given "that the path ahead remained highly uncertain," the minutes from the March 16-17 meeting...read more...