TOKYO : Most Asia-Pacific stock markets rose on Thursday amid receding bets for a U.S. rate hike this month and relief over the passage through the U.S. House of Representatives of a bill to suspend the federal debt ceiling.
MSCI's broadest index of Asia-Pacific shares gained 0.82 per cent, rebounding after touching the lowest level since March 22 in the previous session. "What this does is it turns the attention to the incoming data and the Fed meeting this month," Attrill added. More closely watched employment data is due this week, with the ADP survey out later in the data, followed by the monthly non-farm payrolls report on Friday.
The dollar slipped to the lowest since May 25 at 138.96 yen early in the Asian session, but rebounded to by 0.24 per cent stronget at 139.655 approaching the European morning.
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:
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.
Asia stocks gain as Fed hike bets recede, debt vote eases nervesTOKYO : Most Asia-Pacific stock markets rose on Thursday amid receding bets for a U.S. rate hike this month and relief over the passage of the U.S. debt ceiling bill through the House.The dollar sagged to a one-week low versus the yen and hung close to Wednesday's more-than-two-month trough to the euro af
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asia stocks slump to monthly loss as China data disappointsSINGAPORE : Asia's stockmarkets slid toward a second month of losses in a row on Wednesday, and even the glittering Nikkei paused, as weak Chinese factory activity fed growing doubts about the post-pandemic recovery in the world's second biggest economy.MSCI's broadest index of Asia-Pacific shares outside
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asia stocks, yuan slump as data dashes China hopesSINGAPORE : China's yuan hit a six-month low and Asia's stockmarkets staggered toward a second month of losses on Wednesday as weak factory activity figures offered the latest evidence that recovery in the world's second-biggest economy is faltering.MSCI's broadest index of Asia-Pacific shares outside Jap
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »