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Asian equities ascend, backed by modest revenues on Wall Street
On Asian stocks tacked on, underpinned by moderate profits on Wall Street even as market participants were still wary ahead of the annual key banking conference in Jackson Hole later this week.
MSCI's broadest index of Asia-Pacific equities outside Japan rallied 0.1%.
In South Korea stocks KS11 gained 0.5% notwithstanding lingering concerns as for tensions on the Korean peninsula.
In Japan, Nikkei stock index N225 went down 0.1%, while Australian equities gained 0.2%.
On Monday, the Dow Jones Industrial Average along with the S&P 500 marked moderate revenues, although the Nasdaq Composite modestly declined.
The common currency stood still at $1.1815 , while the US currency didn’t change versus its Japanese rival having tumbled overnight, rising 0.1% to get to 119.11 .
Additionally, crude prices tacked on, backed by indications that supply is inevitably tightening, in particular in the USA.
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.