Asian equities rally driven by US close last week

Asian equities rally driven by US close last week

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.

 

Similar

Latest news

USD Gains Momentum
USD Gains Momentum

The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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