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On Monday, Asian equities surged, taking a cue from the American close the previous week.
The Nikkei 225 edged up 0.31%, Australia's S&P/ASX 200 soared 0.14%.
The Shanghai Composite tacked on 0.40%, the Hang Seng index added 0.50%.
Obayashi Corporation demonstrated a 7.19% tumble. The move was caused by a report from local newspaper Asahi Shimbun telling that prosecutors suspected that the company dealt with bid-rigging.
This week the Fed meets and the key US bank is generally believed to raise interest rates by a quarter point. As for the BoE, ECB and as well as the Swiss National Bank, they will also have monetary policy meetings, with no changes expected.
The previous week, the Dow Jones industrial average rallied 117.68 points hitting 24,329.16. Additionally, the S&P 500 soared 0.6% closing at 2,651.50. Besides this, the Nasdaq composite ascended 0.4% being worth 6,840.08 because stocks of Netflix, Amazon and Alphabet grew.
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…
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