In Asian Equity Markets stocks rose on Thursday, with technology shares gaining the most after the Federal Reserve’s latest meeting drove up expectations for an eventual dovish tilt by the central bank, while Indian markets lagged amid renewed losses in Adani Group. Technology-heavy bourses were the best performers for the day, with the Taiwan Weighted index and the KOSPI rising 1.1 percent and 0.8 percent, respectively. Hong Kong’s Hang Seng index also advanced 0.4 percent. The Shanghai Shenzhen CSI 300 index fell 0.3 percent, while the Shanghai Composite index rose 0.1 percent.

In Currency Markets the dollar slid on Thursday after the U.S. Federal Reserve said it had turned a corner in the fight against inflation, giving markets a boost in confidence that the end of the central bank’s rate-hike campaign was near. The euro rose to a roughly 10-month peak of $1.1034 on Thursday and was last 0.3 percent higher at $1.1023, while sterling moved up 0.14 percent to $1.2392. The Aussie rose to an eight-month high of $0.7158, while the kiwi similarly hit a fresh eight-month peak of $0.65365. Against the Japanese yen, the dollar slid more than 0.5 percent to a session-low of 128.17.

In US Equity Markets the S&P 500 and the Nasdaq closed sharply higher on Wednesday after Federal Reserve chair Jerome Powell acknowledged that inflation was starting to ease, in remarks he made following a quarter-point rate hike by the U.S. central bank. The Dow rose 0.02 percent, to 34,092.96, the S&P 500 gained 1.05 percent, to 4,119.21 and the Nasdaq Composite added 2 percent, to 11,816.32. Of the S&P 500’s 11 major industry sectors only energy ended the day lower, down 1.9 percent, while interest rate sensitive technology shares were the biggest gainers, up 2.3 percent.

In Commodities Markets oil prices settled lower on Wednesday after sliding more than $3 a barrel in the session after U.S. government data showed big builds in crude oil, gasoline and distillate inventories and OPEC and its allies stuck to their output policy. Brent crude futures settled down 3.1 percent, at $82.84 a barrel while West Texas Intermediate (WTI) U.S. crude futures fell 3.1 percent to settle at $76.41. Spot gold climbed 1.2 percent to $1,951.43 per ounce. Spot silver rose 1.3 percent to $24.01 per ounce, while platinum fell 0.4 percent to $1,007.63, and palladium gained 1.7 percent to $1,676.72.

In European Equity Markets stocks were muted on Wednesday ahead of a widely anticipated interest rate hike and accompanying commentary from the U.S. Federal Reserve that would provide more clues on the central bank’s monetary tightening plans. The pan-European STOXX 600 cut early gains and was flat at the close. Europe’s industrial stocks were a big boost to the STOXX 600, with Germany’s DAX index up 0.4 percent, helped by gains in Deutsche Post and Airbus. Other bourses in Europe were mixed. Banks rose 0.8 percent.

In Bond Markets Treasury yields mostly fell on Wednesday after the Federal Reserve raised interest rates as expected by 25 basis points and promised “ongoing” increases in borrowing costs as it keeps  tightening monetary policy to slow the pace of inflation. The Fed lifted its key overnight lending rate to a range of 4.5 percent to 4.75 percent in a widely expected move. Yields on the two-year Treasury note rose 2.7 basis points to 4.234 percent. The yield on the benchmark 10-year note fell 3.9 basis points to 3.490 percent. The yield on the 30-year Treasury bond was down 5.3 basis points to 3.608 percent.