Asian markets mixed after the Fed; China and the United States May Announce Trade Agreement Next Week by Investing.com

Investing.com – Asian markets were mixed on Thursday morning as a result of the US Federal Reserve's monetary policy decision on a daily basis.

Hong Kong edged up 0.4% at 22:30 ET (0230 GMT). South Korea increased by 0.2%.

Australia lost 0.6%.

Markets in China and Japan are closed for holidays.

On Wednesday, Federal Reserve Chairman Jerome Powell called a "spike" the recent weakness in US inflation, which is still far from the Fed's target of 2%. . Powell told the press that the policy was "appropriate" Do not see strong arguments to go both ways.

Investors will turn to the monthly jobs report in the US, released Friday, for further clues about the country's economic outlook.

Meanwhile, citing unnamed sources, CNBC announced that the United States and China could announce a trade agreement by next Friday.

Representatives of both parties concluded Wednesday the latest round of talks in Beijing. Chinese Vice Premier Liu He will travel to Washington for further talks next week.

In a final deal, the US may decide to remove a 10 percent duty on some of the $ 200 billion worth of Chinese goods it has levied tariffs on, CNBC quoted a Politico report as saying. Washington would maintain a 25% tariff on the remaining $ 50 billion of goods until the November 2020 election, he added.

In a statement, Sarah Huckabee Sanders, press secretary at the White House, said: "Discussions remain focused on substantial progress on important structural issues and on rebalancing the trade relationship between the two countries."

In addition, the Chinese regulator of banks and insurance announced on Wednesday its intention to allow foreign insurance groups to create units in China. It also plans to remove property restrictions in local banks.