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Asia stocks pull back from one-month high as Fed tempers rally

“The Fed statement came after a steep surge in equities and gave the markets an opportunity to sell into the rally.”” writes Midwest Communications Inc for Crude oil prices struggled near eight-month lows as investors focused on swelling global crude supply, which is increasing faster than many had expected.The euro was steady at $1.1357 Thanks to the greenback’s gains against the euro and yen, the dollar index against a basket of six major currencies <.DXY> gained 0.75 percent on Thursday.TOKYO (Reuters) – Asian stocks pulled back from a one-month high on Friday as the Federal Reserve appeared poised to deliver another interest rate hike next month, paring gains made earlier this week after U.S. midterm elections triggered a global equities rally.

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