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 Asian shares held near
6-1/2-month highs on Friday after upbeat U.S. data and optimism
in the tech sector helped calm some of the jitters sparked by
the Federal Reserve's cautious outlook on the world's biggest
economy.
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U.S. stock index futures were lower Friday morning, amid jitters sparked by the Federal Reserve's cautious outlook for the world's largest economy.
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 An Apple-led tech rally pushed Wall Street higher on Thursday as jitters over the Federal Reserve's forecast of an economic slowdown were calmed by upbeat economic data.
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U.S.-based equity funds attracted over
$3.6 billion in the week ended on Wednesday, their second
straight week of inflows, according to data from Refinitiv's
Lipper research service on Thursday, thanks to the Federal
Reserve's dovish stance on interest rates and optimism about a
U.S-China trade deal.
Investors also piled into U.S.-based taxable bond funds. For
a second consecutive week, they poured roughly $6.6 billion into
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Wall Street led global stocks higher on Thursday on the back of upbeat economic data, while the dollar rallied despite the Federal Reserve's uber-dovish stance as Brexit worries weighed on the euro and sterling.
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Jim Cramer gives his playbook and stock picks for a low-growth economy now that the Federal Reserve won't raise intrest rates this year.
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U.S.-based equity funds attracted over
$3.6 billion in the week ended Wednesday, their second straight
week of inflows, according to Lipper data on Thursday, thanks to
the Federal Reserve's dovish stance on tightening interest
rates.
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The International Monetary Fund supports the U.S. Federal Reserve's decision to halt its campaign to raise interest rates as a prudent move amid economic uncertainty, IMF spokesman Gerry Rice said on Thursday.
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