Asian equities reach 10-year maximum ahead of American data

Asian equities reach 10-year maximum ahead of American data

On Friday, Asian equities soared to a 10-year maximum due to expectations of brisk global surge, although market participants held off chasing stocks higher ahead of American economic data as well as next week's Chinese Communist Party Congress.

MSCI's broadest index of Asia-Pacific stocks outside Japan gained 0.15%, having soared 3.6% so far in October. Japan's Nikkei grew 0.2% hitting another 21-year maximum.

On Thursday, Wall Street equities sank a bit, suppressed by a dip in AT&T right after the telecoms company posted subscriber losses in its cable TV business.

However, MSCI's broadest indicator of the world stock exchanges gauging up to 47 markets also stood kept to record maximums, extending its revenues so far in 2017 to 17%.

China's trade data demonstrated that in September surge in both imports and exports speeded up, with imports surpassing hopes, contributing to the evidence of recent resilience in the Chinese economy.

Similar

Saudi Arabia equities leap at close of trade

On Thursday, Saudi Arabia stocks managed to grow after the close because revenues in the Building & Construction, Real Estate Development as well as Agriculture & Food sectors underpinned stocks…

European equities start lower with PMI in focus

On Thursday, European markets started lower because market participants paid attention to the publication of euro zone manufacturing as well as service sector activity data due later in the session…

EU markets start higher as political worries ease

On Wednesday, European markets started higher because worries as for political tensions in Germany started easing and market participants waited for the presentation of the latest British budget due later in the day…

Popular

promotions you can be interested in

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