Asian equities move toward historic maximum
On Monday, Asian equities moved toward all-time maximum after Wall Street boasted its best opening to a new year in more a decade, with brisk economic surge as well as benign inflation driving risk appetites.
MSCI's index of Asia-Pacific stocks rallied 0.2%, having soared 3.1% the previous week, which is its strongest reading for six months.
The Philippines is already demonstrating a fresh record, Australian stocks showed another decade maximum. As for Japan's Nikkei, it closed for a holiday, although the previous week hit its highest value since 1992.
Additionally, E-Mini futures for the S&P 500 managed to rise 0.1%, while spreadbetters demonstrated opening revenues for Europe.
Wall Street has already faced its most productive start to 2018 for more than a decade, with the Dow gaining 2.3% the previous week. As for the S&P 500, it earned 2.6%, while the tech-heavy Nasdaq demonstrated a 3.4% rally.
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Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.