Asian stocks set to rise on optimism of post-lockdown recovery, stimulus

📆 5/15/2020 3:34 AM
📰 ChannelNewsAsia

⏱ Reading Time:
20 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

Asian stocks were set to rise on Friday amid investor optimism about the re-opening of the U.S. economy from coronavirus lockdowns and possibly ...

NEW YORK: Asian stocks were set to rise on Friday amid investor optimism about the re-opening of the U.S. economy from coronavirus lockdowns and possibly more stimulus that could fuel a recovery.

The Dow Jones Industrial Average rose 1.62per cent, the S&P 500 gained 1.15per cent, and the Nasdaq Composite rose 0.91per cent. Investors on Friday are awaiting monthly data from China that tracks industrial production, fixed asset investment and retail sales. The retail data will be an especially insightful indicator of China's recovery as its economy reopens, Felsman said.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks set to slide on US Fed fears, interest rate stanceAsian equities were set to slump on Thursday after the head of the Federal Reserve warned of a 'significantly worse' U.S. recession than any ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »