Asian equities leap on American tax cut expectations

Asian equities leap on American tax cut expectations

On Monday, Asian equities added, with market sentiment underpinned by hopes that American lawmakers are going to approve a long-awaited tax bill this week. Meanwhile Chinese shares were weak, following worries as for liquidity as well as tighter regulations in the world's number two economy.

The launch of bitcoin futures on the CME exchange drove hopes that the cryptocurrency's red-hot soar in the cash market could keep unrolling, although their trading debut turned to be modest.

MSCI's index of Asia-Pacific equities MIAPJ0000PUS edged up 0.4%. As for Japan's Nikkei N225, it happened to be the best performer of the region, tacking on 1.6% to approach a 25-year high of 23,382 points reached the previous month.

Meanwhile, American and EU equities are also believed to have a firm start. The near-month FTSE futures contract along with the e-mini S&P futures each gained 0.2%. Aside from that Dow futures headed north 0.4%.

Similar

Popular

ECB Meeting

Traders are impatiently waiting for the European Central Bank’s meeting on October 26…

eur

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera