Asia markets have opened higher on Thursday, with investors keeping an eye on the Federal Reserve amidst the ongoing spread of the Delta variant. In India, gross domestic product (GDP) expanded 6.1% year on year from January to March, faster than expected by economists. However, the US saw all three major indexes close lower on Wednesday, as the Dow industrial average fell by -0.40% and NASDAQ index fell by -0.63%. The US House voted on Wednesday night to pass its debt-ceiling relief deal, ensuring a limit increase to keep funding on track. Eurozone CPI is the key release to watch ahead. Oil prices dipped for the third straight session due to an unexpected, large build in US crude stocks along with signs of weaker Chinese demand. Meanwhile, gold prices held steady as investors assessed the Federal Reserve’s interest rate outlook following a critical vote on the US debt ceiling. Spot gold was supported by a pullback in the US dollar and held at $1,963.99 per ounce.
Asia Markets Rise as US Fed Considers Pause and House Clears Debt Deal
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