Most Asian market equities - Nikkei, Sensex, Hang Seng and Kospi - lost ground in trade on Thursday as a result of the overnight development
The Fed indicated it sees the US economy improving faster than expected.
Japan's Nikkei rose 0.35% while MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1%
Investor sentiment rose in Europe after the European Central Bank raised its growth and inflation projections on Thursday, and also renewed a pledge to keep stimulus flowing
Spot gold was down 0.2% at $1,886.76 per ounce, after rising more than 1% in the previous session
Attention will now turn to the U.S. consumer price report on Thursday where the risk is of another high number, though the Fed still argues the spike is transitory
Asian shares were a touch below a recent three-month top with China a tad weaker as investors weighed inflation concerns ahead of key US economic data while oil prices rose to near 1-1/2 year highs
Benchmark indices of US, UK, Germany & India have climbed to a new peaks
The ratio of the value of all companies in the stock market to the size of the Indian economy is now in excess of 100 per cent
We're in the happy period of global economy coming back to life, but we need to watch carefully the US inflation situation
Brent rose 16 cents, or 0.2%, to $68.81 a barrel by 11:20 a.m. EDT (1520 GMT), and US West Texas Intermediate (WTI) crude was up 11 cents, or 0.2%, at $66.18 a barrel
Looks like India's demand curve has shifted downwards for a couple of years at least, writes Shailesh Dobhal
Sentiment in Europe was also underpinned by the latest IFO indicator which showed that the upswing for the German economy
ICICIdirect, a virtual financial supermarket offering investment, protection, and loan products, on Monday announced the expansion of its Global Investments facility to new markets like the UK, Japan, Germany, and Singapore.
The MSCI AC World Index hasn't experienced a 5% drawdown since November, the longest streak of calm since 2017, according to data compiled by Bloomberg
Most Asian markets traded weak after the overnight fall in the US markets
Bitcoin was up 9.5% at $40,265 having nearly slid though $30,000 on Wednesday and been almost at $65,000 just over a month ago
Says flood of fiscal & monetary stimulus may build up dangerous imbalances
The yield on 10-year Treasury notes touched a one-week high, driving down shares of Apple Inc, Microsoft Corp and Facebook Inc by about 1 per cent premarket.
NEW YORK (Reuters) -Oil slid nearly 2% on Tuesday, tumbling from a two-month high, after media reports said the United States and Iran have made progress on reviving a deal restricting Iran's nuclear weapons development, that could release more barrels into the market.