Asian stocks firmer after US Fed comments fuel appetite for risk

A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan. Picture: REUTERS/KIM KYUNG-HOON

In oil markets, crude surged after the US said its navy destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows, raising concerns about supply disruptions out of the region. Wall Street shares shook off a sluggish start and moved higher overnight thanks to Williams’ dovish comments.Australian stocks added 0.7%, South Korea’s Kospi rose 1% and Japan’s Nikkei advanced 1.65%.

The dollar index against a basket of six major currencies stood little changed at 96.787 after losing about 0.5% overnight to a two-week low of 96.671 in the wake of comments from Williams.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Asian stocks battle amid trade worriesMarkets follow Wall Street down as US-China talks drag on
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Friday 19 July: Five Things You Need to Know to Start Your DayThe U.S. shot down an Iranian drone it said was threatening a warship in the Strait of Hormuz. Asian equities point higher after stocks ricocheted in the U.S. And trade talks between China and the U.S. are slowly crawling forward. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »

Asia shares slip, dollar gains as sterling slides | SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.
Source: SABC News Online - 🏆 32. / 51 Read more »