Asian equities hit 10-year maximum

Asian equities hit 10-year maximum

On Monday, Asian equities ascended to a decade maximum because positive Chinese data underpinned commodity prices, while the common currency extended losses right after the Catalan leader didn’t manage to provide a clear answer to whether he declared the region’s independence from Spain or not.

MSCI's index of Asia-Pacific stocks has been growing for a fifth day demonstrating its highest outcome since late 2007.

Japan's Nikkei N225 has been soaring for a sixth day to a value not observed since November 1996. Meanwhile, Australian equities extended their winning marathon to a fourth straight trading session, rising 0.6%. As for South Korea's stock index KS11, it showed a fresh record.

EU stock futures STXEc1 demonstrated a steady start. Meanwhile, Dax futures FDXc1 along with CAC 40 FCEc1 turned to be a bit firmer.

Copper found itself at a three-year top, backed by sturdy economic data from China, which is the world's number one user of metals.


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