Shows & Panels
Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- American Readiness: Renewable Power and Efficiency Technologies
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal News Radio's National Cyber Security Awareness Month Special Panel Discussion
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- Government Perspectives on Mobility and the Cloud
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Mitigating Insider Threats in Virtual & Cloud Environments
- Modern Mission Critical Series
- The New Generation of Database
- Reimagining the Next Generation of Government
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
Asian stock markets buoyed by Fed statement
Thursday - 8/1/2013, 12:46am EDT
AP Business Writer
BANGKOK (AP) -- Asian markets rose Thursday after the U.S. Federal Reserve gave no indication it was preparing to wind down a massive bond-buying program that has propelled investors into stocks.
The Fed wrapped up a two-day policy meeting on Wednesday without any changes in its monetary policy that has supported the economy by keeping interest rates ultra-low. That, in turn, has encouraged lending and spending and also boosted stock markets as investors seek returns higher than offered by bonds.
In China, meanwhile, a slight improvement in manufacturing also helped lift the mood. The China Federation of Logistics and Purchasing index released Thursday rose to 50.3 last month from June's 50.1.
Another survey, however, showed manufacturing at its lowest in 11 months. HSBC's purchasing managers' index fell to 47.7 last month from 48.2 in June. Readings below 50 on the 100-point scale indicate a contraction in activity.
Japan's Nikkei 225 index, which has zigzagged all week, gained 1.2 percent to 13,827.43. Hong Kong's Hang Seng advanced 1 percent to 22,098.99. The Shanghai Composite Index rose 1.4 percent to 2,020.80. South Korea's Kospi added 0.5 percent to 1,923.58.
Australia's S&P/ASX 200 fell 0.2 percent to 5,039.80. Benchmarks in New Zealand and Taiwan also fell.
Better-than-expected U.S. growth in the second quarter of 2013 also gave a modest boost to investor morale. The world's No. 1 economy grew at an annual rate of 1.7 percent, the government said Wednesday, beating expectations of 1 percent for the period. Separately, a private survey from payroll company ADP showed that U.S. businesses created 200,000 jobs this month.
In addition, Eurostat figures showed the number of unemployed across the 17 European Union nations fell for the first time since April 2011, providing further hope for an eventual economic recovery in the region.
On Wednesday, the Dow Jones industrial average slipped 0.1 percent to close at 15,499.54. The Standard & Poor's 500 index dropped marginally to 1,685.73. The Nasdaq composite index rose 0.3 percent to 3,626.37.
Benchmark crude for August delivery was up 40 cents to $105.42 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose $1.95 to close at $105.03 a barrel on the Nymex on Wednesday.
In currencies, the euro fell to $1.3271 from $1.3299 late Wednesday. The dollar rose to 98.25 yen from 97.75 yen.
Follow Pamela Sampson on Twitter at http://twitter.com/pamelasampson
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.