Asian equities surge on relief over American debt ceiling deal

Asian equities surge on relief over American debt ceiling deal

On Thursday, Asian equities bounced back after Donald Trump along with congressional leaders suddenly agreed to increase the government debt limit until December, thus excluding the near-term risk of a government shutdown.

The common currency maintained this week's slim revenues before the European Central Bank's policy gathering later in the day.

MSCI's index soared 0.5%. Additionally, Japan's Nikkei N225 went up 0.4%.

The S&P 500 earned 0.31% in New York, driven by revenues in energy sector on the back of a soar in crude prices.

American economic data was optimistic enough, with gauge of services sector activity tacking on in August.

The revival in risk appetite helped the evergreen buck to rebound to 109.11 yen from Wednesday's minimum of 108.45 yen.

Additionally, crude prices managed to maintain much of this week's strong profits because the reopening of American Gulf Coast refineries was good for the outlook after the steep drops provoked by Hurricane Harvey.


Time to sell Alibaba
Time to sell Alibaba

Chinese stocks were pressed by the US plans to kick them off US stock exchanges. Alibaba has already plunged by 4% in pre-market hours.

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