Hong Kong (CNN Business)Asian stocks mainly moved higher Wednesday as financiers wait for a handful of reserve bank conferences.
The European Central Bank satisfies Thursday. Markets are waiting to see whether the ECB will launch more stimulus to enhance the slowing Eurozone economy.
The Federal Reserve, on the other hand, will hold its policy conference next week. Fed Chairman Jerome Powell just recently duplicated his promise to do whatever it requires to keep the United States economy growing. The remarks were extensively viewed as a signal that policymakers are most likely to cut rates once again. At the Fed’s July conference, policymakers cut rates for the very first time considering that 2008 .
Still, he stated, “it will make it simpler for overseas financiers to access the Chinese markets in a more significant method.”