Pedestrians walk past a public screen displaying the Shenzhen Stock Exchange and the Hang Seng Index figures in Shanghai, China. Picture: BLOOMBERG/QILAI SHEN
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.2%, with Japan and South Korean indices jumping more than 1%. Australia shares were up 0.2% and Taiwan stocks rose 0.7%. Analysts at ANZ pointed to growing expectations that decelerating global business activity will act as a restraint on central bank intentions to start dialling back monetary stimulus in the near term.
“A positive risk backdrop has pushed flows out of the dollar,” said Chris Weston, head of research at brokerage Pepperstone in Melbourne, adding that positive analyst commentary around oil and cyclical stocks had also helped the broad mood. Now, investors are less confident Fed chair Jerome Powell’s speech at Jackson Hole this week will indicate a timeline for winding down the Fed’s bond-buying programme.
Words alone won’t express how thankful I’m recommending you all to you shantelll_142 .....,investing with you has been a good opportunity for me and my family I just received my profit of R30,500 within five days of investment shantelll_142
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European stocks, oil rise as risk appetite increasesWorries about the Delta variant hampering economic growth persist as investors weigh up the possible timeline for tapering monetary stimulus
Read more »
JUSTIN FOX: Women keep the boating industry afloat during the pandemicThere are good reasons to be bullish over rising US consumer spending on pleasure boats
Read more »