Asian stocks head higher as dollar falters

A man holding an umbrella is silhouetted as he walks in front of an electric monitor displaying the Japanese yen exchange rate against the dollar and Nikkei share average in Tokyo, Japan, on July 14 2022. Picture: REUTERS/ISSEI KATO

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.03%, but the index is still set for its best week in about two months. “While the ECB was never going to move by more than 50 bps — as we have seen from many other central banks — the 50 bps lift still came as a surprise to many,” said Susan Kilsby, an economist at ANZ, in a note. “But tightening rates quickly has now become the norm.”

Snap’s accompanying warning of the effect of an economic slowdown on internet companies caused the share price to plummet nearly 27% in after-hours trade. Twitter will release its earnings later today.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Futures gain, stocks extend rally as dollar dips: markets wrapStocks extended a rally Wednesday amid a retreat in the dollar and speculation that the worst of this year’s equity rout may be over. Moneyweb Stocks Markets
Herkunft: Moneyweb - 🏆 5. / 77 Weiterlesen »