Asian stock markets rally after Fed keeps monetary stimulus in place

by Pamela Sampson, The Associated Press Posted Sep 18, 2013 11:17 pm MDT BANGKOK – Asian stock markets surged Thursday after the U.S. Federal Reserve unexpectedly refrained from reducing its massive economic stimulus.Not even dour data out of Japan showing a swelling trade deficit could dampen the rally sparked by the Fed’s decision to keep in place its $85 billion in monthly bond purchases, part of its “quantitative easing” approach of pumping money into the financial system to help stimulate the U.S. economy.Investors had braced themselves for a slight reduction in monthly bond purchases. Instead, the Fed, at the end of its two-day policy meeting Wednesday, announced no timetable for winding down the stimulus and even threw in a note of caution: the U.S. still has not attained adequate levels of job and economic growth.“Employment growth has been very weak … Private sector GDP growth is slowing, not accelerating,” analysts at DBS Bank Ltd. in Singapore said.Investors ignored the Fed’s cautious tone and instead cheered the retention of the stimulus program, which has helped bolster global stock markets.The Nikkei 225 in Tokyo rose 1.3 per cent to 14,697.17. Hong Kong’s Hang Seng advanced 1.7 per cent to 23,503.71. Australia’s S&P/ASX 200 gained 1 per cent to 5,290.80. South Korea’s Kospi was closed for a public holiday.Following the Fed’s announcement, Wall Street stocks hit record highs, and the price of gold had its biggest one-day jump in four years as traders anticipated that the Fed’s decision might cause inflation.Both the Dow Jones industrial average and the Standard & Poor’s 500 surpassed their previous record highs set on Aug. 2. The Dow rose 1 per cent to close at 15,676.94. The S&P 500 jumped 1.2 per cent to 1,725.52. The Nasdaq composite rose 37.94 points, or 1 per cent, to 3,783.64.Benchmark oil for October delivery was up 59 cents to $108.66 per barrel in electronic trading on the New York Mercantile Exchange. The contract gained $2.65, or 2.5 per cent, to close at $108.07 on Wednesday.In currencies, the euro rose to $1.3531 from $1.3516 late Wednesday. The dollar rose to 98.31 yen from 98.12 yen.___Follow Pamela Sampson on Twitter at http://twitter.com/pamelasampson AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Asian stock markets rally after Fed keeps monetary stimulus in place read more

Women left out of HIV services as they focus too much on

first_imgWomen’s HIV is not being treated early enough, the Terence Higgins Trust has said, as it warns that campaigns are too focused on gay men. The charity’s research shows that almost half of women with HIV thought they had been diagnosed late, which could shorten their lives and mean their health is worse. Public health experts interviewed by the charity “felt that overall there had been a disproportionate focus on men who have sex with men (MSM) in the HIV response with one stakeholder suggesting that the sector had ‘taken its eye off the ball’ when it came to HIV and women”, the report said. In 2016, 28,479 women in the UK were receiving care for HIV, around a third of the total.Women who had been diagnosed late “were less likely to rate their quality of life as very good, were more likely to rate their quality of life as poor or acceptable, and were more likely to say that their quality of life had got worse since diagnosis”, the report added. Almost half of women interviewed had had a mental health diagnosis since their HIV diagnosis and a similar proportion were living below the poverty line.  Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. ‘We hope this project will send a strong signal to researchers, service providers, decision-makers and the HIV sector as a whole, to support the urgent need to make sure women are invisible no longer in HIV.”Commenting on the report, Maria Miller, chair of the women and equalities committee, said: “There have been incredible female activists who have stood up, and continue to fight for the rights of women living with HIV.”But women have too often been the silent partner when it comes to HIV. This must change.”The issues raised in this report are familiar to me in many ways – time and again women’s issues are not prioritised and addressed.”center_img Jacqui Stevenson, a trustee of the Sophia Forum, which also worked on the research, said: ‘We must see gender equity in funding, data, services and research to ensure adequate support is available for any woman living with HIV who needs it.last_img read more