Asian stocks grind higher as focus turns to earnings

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6% and touched a 20-week high as Chinese stocks extended their extraordinary rally.The Chinese yuan rose to a four-month high of 6.9872 per dollar and the greenback sat near a one-month low against a basket of currencies. [FRX/]

“Even before we think of COVID-19 virus divergence indicators, there are enough money and related financial indicators consistent with a dollar/yuan below 7,” he said. The mood lifted Australia’s S&P/ASX 200 1%, though New Zealand’s benchmark fell nearly 2% after a Rio Tinto plan to close an aluminium smelter hit energy stocks. [.AX]

Five million Australians are under strict stay-at-home rules in the country’s second largest city of Melbourne. “Earnings season is upon us, and we really want to see what it looks like,” said Jun Bei Liu, a portfolio manager at Australia’s Tribeca Investment Partners. The focus will be on the outlook as well as on understanding how deeply stimulus efforts have flowed through the real economy, she said.

I am an expert in your social media manager and personal assistant, Web research and Lead Generation. For more details please click below

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Asian shares waver with coronavirus, focus turns to corporate earningsAsian stocks dithered on Wednesday as an increase in coronavirus cases in some parts of the world undermined prospects for a quick economic recovery while oil prices eased on oversupply fears.
Source: Reuters - 🏆 2. / 97 Read more »

Asian shares waver with coronavirus, corporate earnings in focusAsian stocks dithered on Wednesday as an increase in new coronavirus cases in some parts of the world cast doubts over the economic recovery while oil prices eased on oversupply fears. With the pandemic spiraling out of control in the United States the markets will crash.
Source: Reuters - 🏆 2. / 97 Read more »

Tech CEO filmed in racist attack against Asian family at restaurant - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Good if every action like that is filmed and reported I believe people will feel embarrassing and will change their views and judgments . 👏👏👏
Source: BusinessInsider - 🏆 729. / 51 Read more »