Asian shares steady, dollar weak as traders await earnings | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

HONG KONG, Oct 25 — Asian shares started steady today ahead of a week packed with major quarterly earnings announcements, while the dollar hovered near October lows after three weeks of risk-friendly sentiment hurt safe-haven currencies. HSBC and Facebook will both publish quarterly results...

HONG KONG, Oct 25 — Asian shares started steady today ahead of a week packed with major quarterly earnings announcements, while the dollar hovered near October lows after three weeks of risk-friendly sentiment hurt safe-haven currencies.

“This week earnings take centre stage,” said Chris Weston, head of research at brokerage Pepperstone in Melbourne, in a morning note. This morning, the regional benchmark was flat with a 0.5 per cent gain in Australia balanced by a 0.6 per cent fall in Korea .Asian shares have largely lagged their US and European counterparts in recent months mainly due to regulatory ructions and fears of slowing growth in China.

However, the risk friendlier mood that supported equities has weighed on safe-haven currencies, as have rising energy prices which supported currencies like the Aussie and Canadian dollars. Federal Reserve Chair Jerome Powell on Friday said the US central bank should start the process of reducing its support of the economy by cutting back on its asset purchases, but should not yet touch interest rates.

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:

 /  🏆 1. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

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

Tengku Zafrul: Reappointment to lead finance portfolio gives continuity to ministry’s policies | Malay MailKUALA LUMPUR, Oct 23 — The reappointment to lead the same portfolio has to some extent given continuity to the policies that have been carried out over the past 18 months, said Finance Minister, Datuk Seri Tengku Zafrul Abdul Aziz. According to him, the reappointment has enabled him and his team...
Source: malaymail - 🏆 1. / 86 Read more »