#Risk sentiment on Wednesday is rather risk on. Asian stocks w | IC Markets

#Risk sentiment on Wednesday is rather risk on. Asian stocks were mixed Thursday as traders digested a slowdown in China’s growth as well as federal Reserve Chair Jerome Powell’s signal that more U.S economic progress is needed before stimulus can be pared back. Gold was around a four-week high, aided by inflation concerns and Powell’s comments on stimulus. Powell also once again stressed that inflation is transient. Treasury yields fell and the dollar trimmed a retreat.