Economy News Headlines - Yahoo! News: Asian shares gain on global recovery outlook, eyes Fed

Economy News Headlines - Yahoo! News Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.

Asian shares gain on global recovery outlook, eyes Fed Jan 30th 2013, 03:45 TOKYO (Reuters) - Asian shares rose to their highest level in nearly 18 months on Wednesday as strong U.S. data further boosted investor confidence in global economic outlook, ahead of the U.S. Federal Reserve's monetary policy decision due later in the session. Optimism over economic recovery on strong U.S. housing market and China's economic growth forecast for 2013 raised expectations for stronger demand for fuel and industrial commodities, underpinning oil prices and lifting copper. The MSCI's broadest index of Asia-Pacific shares outside Japan rose 0. ... Media files: 2013-01-30T034542Z_32_CBRE90K021I00_RTROPTP_2_CBUSINESS-US-MARKETS-GLOBAL.JPG (image/jpeg)

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