Asian stocks rise as worries over Fed taper ease

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Portugal Notícia Notícia

Wall Street’s extended bounce underpins market sentiment in Asia

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.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

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

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »

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
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »