Asia stocks open higher on record for MSCI's All-Country World Index | Malay Mail

HONG KONG, June 8 ― Asia stocks opened higher today, cruising in the slipstream of a record high overnight gauge of global equity markets, with investors hoping for inflation and monetary policy clues later in a week full of key central bank meetings and data points.

MSCI's gauge of Asia Pacific stocks outside Japan rose 0.11 per cent, following the path taken by its All-Country World Index, which advance 0.1 per cent yesterday, hitting its sixth record close in seven days.The upward momentum comes as the G7 nations reached a landmark deal on Saturday to back a minimum global corporate tax rate of at least 15 per cent, lifting shares of technology giants such as Microsoft and Facebook as their future tax obligations become more predictable.

“The start of a new week has not seen much by way of price action across all asset classes,” said Ray Attrill, head of FX Strategy at National Australia Bank. Oil prices lost more ground today as concerns about the fragile state of the global recovery in demand for crude and fuels were heightened by data showing China's oil imports fell in May.

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.

US stocks start week flat, S&P nears record | Malay MailNEW YORK, June 7 — Wall Street stocks began the week’s trading on a muted note today with little forward momentum, though the S&P 500 was close to setting a new record. US equities ended last week with solid gains after a mixed government employment report that undershot analysts’...
Source: malaymail - 🏆 1. / 86 Read more »

Tokyo stocks open lower after mixed US close | Malay MailTOKYO, June 8 ― Tokyo stocks opened lower today after Wall Street shares lost steam following recent rallies. The benchmark Nikkei 225 index was down 0.15 per cent or 43.59 points at 28,975.65 in early trade, while the broader Topix index slipped 0.17 per cent or 3.36 points to 1,957.49....
Source: malaymail - 🏆 1. / 86 Read more »