HONG KONG/TOKYO - Stocks in Asia rose marginally on Tuesday as many markets reopened after the long Easter break, while oil jumped to its highest this year as the United States tightened sanctions on Iran.
Chinese stocks extended losses on concerns that Beijing will slow the pace of further policy easing after unexpectedly strong first-quarter economic data last week. Shares in Shanghai slid 0.4 percent after policymakers vowed to fine-tune monetary policy, ensuring it is “neither too tight, nor too loose”.
“We’ve had a fantastic run in Chinese equities year-to-date, some profit taking is completely normal. I don’t think China is changing its policy that quickly,” he said. Washington said it would eliminate in May all waivers allowing eight economies to buy Iranian oil without facing U.S. sanctions. Despite recent gains in oil prices, many investors still expect inflation to be well-contained in major economies including the United States, allowing the Federal Reserve to keep dovish stance.
In the currency market, the dollar index, which measures the greenback against six major currencies, eased 0.2 percent overnight and last traded steady at 97.303. The index hit a two-week high of 97.485 on Thursday, before the start of Good Friday and the Easter weekend.
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:
China 'la gran estafa' AlbertoBernalLe
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia stocks cling to nine-month high on China hopes, Wall Street dented by earningsAsian stocks ticked up on Tuesday, staying near a nine-month high as hopes of st...
Source: Reuters - 🏆 2. / 97 Read more »
Asia stocks firm, crude hits 5-month high on Iran sanctions reportAsian stocks were steady on Monday as investors awaited the return of major fina... Iran doesn't really supply the world so using that as an excuse is just wrong. However, American producers that shut down their wells when they feel they're not getting enough money for oil, that's more a reality.
Source: Reuters - 🏆 2. / 97 Read more »
Asia stocks slip, oil near six-month peak as U.S. prepares to tighten Iran sanctionsAsian shares slipped on Monday, weighed down by underperforming Chinese stocks, ... 🤔🤔🤔
Source: Reuters - 🏆 2. / 97 Read more »
Asia stocks slip, oil near six-month peak as U.S. prepares to tighten Iran sanctionsAsian shares slipped on Monday, weighed down by underperforming Chinese stocks, ... Now gas is sky high in cost too 🤬🤬🤬🤬 This has to stop, or people won't be able to afford to drive anymore.
Source: Reuters - 🏆 2. / 97 Read more »
Asia stocks firm, crude hits five-month high on Iran sanctions reportAsian stocks were steady on Monday as investors awaited the return of major fina... ultimately higher prices for consumers
Source: Reuters - 🏆 2. / 97 Read more »
Asia Pacific stocks poised for mixed open ahead of China GDP releaseChina is set to report its GDP figures for its first quarter later at 10:00 a.m. HK/SIN today. Happy to see that many new investors are getting smarter and keeping their crypto assets offline on New Ledger Nano X Get yours now ! And Stay Safe out there.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks rise at the open after strong earnings and China economic dataStocks rose on Wednesday as sentiment was lifted by stronger-than-expected corporate earnings and solid economic data out of China. Good news, but not even close to being tired of winning realDonaldTrump
Source: CNBC - 🏆 12. / 72 Read more »
Asia stocks firm, oil hits 5-month peak on Iran sanctions reportAsian shares were steady on Monday as investors took stock of recent data sugges...
Source: Reuters - 🏆 2. / 97 Read more »