The Traderszone Network

Published in TZ Latest News 8 October, 2015 by The TZ Newswire Staff

Asia stocks shine as Fed minutes confirm no urgency to tighten policy

Asian shares rose on Friday, taking their cue from a jump in oil prices as well as gains on Wall Street after minutes of the Federal Reserve’s latest meeting led investors to further pare bets that the central bank will hike interest rates this year. Oil prices climbed to their highest in three months on Thursday, after forecaster PIRA Energy Group predicted crude prices would rise to $70 per barrel by the end of 2016. Crude oil futures extended overnight gains, with Brent (LCOc1) adding 0.4 percent to $53.28 a barrel, while U.S. crude (CLc1) was 0.5 percent higher at $49.66.