Asian shares higher on signs of U.S. Fed slowdown, China stimulus

S&P 500 futures were up 0.2%, while Nasdaq futures rose 0.3%, after modest gains in U.S. stocks on Wednesday.slowed down the pace of tightening to a more modest 25 basis points, joining other central banks that have downshifted away from outsized hikes amid a looming global recession." of Fed policymakers agreed it would "likely soon be appropriate" to slow the pace of interest rate hikes.

"However, the minutes also reveal an emerging divergence of views among members about the peak rate, and uncertainty about the peak rate." U.S. economic data on Wednesday showed jobless claims increased more than expected last week, while business activity contracted for a fifth month in November.Meanwhile, in China,China's cabinet on Wednesday flaggedof an upcoming cut to banks' reserve requirement ratio , pledging new stimulus measures to revive its COVID-battered economy.

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Wall Street rises as Fed signals rate hikes may slowWall Street's main indexes edged higher on Wednesday after minutes from the Federal Reserve's November meeting showed interest rate hikes may slow soon.
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