Equity markets ticked up on Wednesday as FED signaled to be less hawkish. The top brass of FED on Tuesday before senate committee for banking said the market to see series to hike in rates this year.
The SET, KOSPI, TOPIX, CSI 300 and HSI closed up by 0.68%, 1.54%, 1.64%, 1.00% and 2.79% respectively.
Broad market index MSCI Asia ex Japan inched by 0.39%.
U.S. futures S&P 500, Nasdaq and Dow Jones is up by 0.14%, 0.07% and 0.09% respectively.
FED’s policy tightening benefited crude oil, crude oil futures WIT and Brent advanced by 0.79% to $81.86 per barrel while Brent up by 0.55% to $84.18 barrel. Crude prices marked reached at a level last seen in November pre-omicron period.
