Asian equities rise as Fed rate-hike concerns ease and oil declines

  • Asian equities rose Thursday morning as investors responded to improved bond-market sentiment.
  • Oil prices declined while concerns about an imminent Federal Reserve rate increase eased.
  • John Williams said Wednesday that current evidence did not clearly require higher rates for inflation.

Asian equities advanced Thursday morning as a pause in the global bond selloff improved investor sentiment, while oil prices declined. Comments made Wednesday by New York Fed President John Williams in an interview with CNBC eased concerns about an imminent Federal Reserve interest-rate increase. Williams said he did not see clear-cut evidence that the central bank currently needed to raise rates in response to persistent inflation, supporting both equity and bond markets.

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