-- Stocks in Asia extended gains as risk appetite across financial markets got a further boost from China’s latest stimulus measures and upbeat US momentum.Equities in Australia advanced, while China’s benchmark CSI 300 Index is set for its biggest weekly gain in almost a decade after officials pledged to increase fiscal support and stabilize the property sector to revive growth.
“Greater stimulus measures out of China and the market pricing an aggressive Fed easing cycle, while the US economy is strong, bode well for risk assets,” Elias Haddad, a strategist at Brown Brothers Harriman, wrote in a note. “This encouraging risk backdrop is a drag on the dollar mostly against growth-sensitive currencies.”
“We think there is the potential that economic data will be more resilient, especially on jobs, than the market is expecting,” said Peter Tchir, head of macro strategy at Academy Securities.
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:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Asian shares extend gains after China-driven rallyA China-led rally faded Wednesday, leaving Asian shares mixed after a strong start that extended gains overnight on Wall Street.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Dow, S&P 500 eke out record closes as stocks extend September rallyThe focus is on Fed speakers and a key inflation reading for insight into whether another big rate cut is coming.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Asian Stocks Set to Gain as Yen Holds to Rally: Markets Wrap(Bloomberg) -- Asian equities were set to advance Friday after a fourth day of gains on Wall Street as the latest batch of economic data did little to...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Asian stocks mixed after Wall Street extends losses as technology and energy stocks fallHONG KONG (AP) — Asian markets were mixed Thursday following a global sell-off a day earlier, as Wall Street declined in the technology, energy and other...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Chinese Stocks Extend Gains on Continued Stimulus Optimism(Bloomberg) -- Chinese stocks extended their gains on Wednesday as investors continued to bet that Beijing’s latest stimulus measures would help drive a...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks extend gains, FTX exec sentenced: Market Domination OvertimeOn today's episode of Market Domination Overtime, Hosts Julie Hyman and Josh Lipton analyze the market close and break down some of the top stories from the ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »