Asian shares consolidate gains, bonds fly high

Asian shares consolidated their recent gains on Thursday while global bond prices surged, pushing their yields to multi-month lows, both supported by expectations of easy monetary policy. MSCI's broadest index of Asia-Pacific shares outside Japan stood flat near one-year high hit on Wednesday, while Japan's Nikkei share average (.N225) shed 0.5 percent after gains after five straight days of gains. The data reinforced expectations that the European Central Bank will introduce further stimulus at next month's meeting. On top of rising expectations of easing by the ECB, global share prices were underpinned by the view that the Fed is in no hurry to raise rates even as it is reducing its bond purchases.

via Business News - Yahoo Finance http://ift.tt/1gBU7EF