GLOBAL MARKETS: Fed, tech shares push stocks, dollar lower
NEW YORK, Sept 22 (Reuters) - The dollar fell against other major currencies and major stock markets declined on Wednesday as some technology companies slumped and the Federal Reserve's downbeat assesment of the U.S. economy weighed on sentiment.
"Investors are realizing things will have to deteriorate first in the economy before the Fed is going to intervene," said Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets in Brussels.
Stocks, bonds climb on Fed easing view
HONG KONG, Sept 22 (Reuters) - Expectations that the Federal Reserve is closer to printing more money to support the U.S. economy lifted stocks and bonds , while the dollar hit a six-week low against the euro on a dwindling yield advantage.
"The big beneficiary of more QE will be Treasuries," said Andrew Pease, senior investment strategist with Russell Investments in Sydney.
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