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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.
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Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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