On Friday, Taiwan's stock market concluded up by strengthening the sectors of optoelectronics, electricity as well as hotel business…
Asian equities are underpinned by metals and crude
On Wednesday, a surge in commodities prices to multi-year maximums pushed resource-linked equities as well as currencies higher in Asia because bullish views on Chinese demand backed copper, while supply worries underpinned crude.
A revival in regional suppliers of Apple's iPhone following previous losses in the week also assisted Asian markets.
In a holiday-shortened week trading turned to be thin enough across the board. Apparently, MSCI's broadest index of Asia-Pacific equities outside Japan tacked on 0.2% hitting its highest value since late November. The index has soared approximately 32% for the year so far.
An indicator of world equities traded close to record maximums, having soared in every single month in 2017.
Copper jumped to a 3-1/2 year high on hopes of firm demand from China. At the same time crude hovered near its highest value since mid-2015 reacting to supply concerns.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.