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        Fed to offset trade tensions


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Asian stocks rose slightly on Thursday after the Federal Reserve kept interest rates unchanged and hinted that borrowing costs could remain unchanged for some time. But the upcoming British election and the approaching deadline for the us to impose tariffs on Chinese goods have kept investors cautious.
The decline in oil prices damped overall market gains. Previous data showed an unexpected increase in US crude oil inventories, which hit some energy stocks in Asian stocks.
U.S. stocks rose on Wednesday as the Fed kept interest rates unchanged as expected at its policy meeting and hinted that it would continue to hold still.
This helped the MSCI Mingsheng Asia Pacific Index (excluding Japan) rise 0.2%. Japan's Nikkei. N225 rose 0.11%, while U.S. index futures rose 0.06%. However, Australian equities fell 0.29% as lower oil prices weighed on energy stocks.
"The Fed's loose stance does support the stock market, but the possibility of an adverse outcome in the UK election is real," said Michael McCarthy, chief market strategist at CMC markets in Sydney.
"In addition, there is the US China trade issue. Trading is likely to be sluggish, with the trading going on this day, some investors are expected to lock in profits. "
The S & P 500 index. SPX rose 0.29 percent on Wednesday, buoyed by the dovish tone of the Fed's previously announced interest rate decision.


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