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On Monday, Asian equities started the new quarter with mild revenues following a sturdy performance by global stocks the previous week. Meanwhile, the evergreen buck stood still ahead of major economic indicators.
MSCI's index of Asia-Pacific equities inched up 0.3%.
In South Korea, KOSPI managed to ascend 0.6% and Japan's Nikkei rallied 0.55%. Additionally, the Hang Seng surged 0.25% in Hong Kong, while Shanghai added 0.4%.
Last Thursday, Wall Street gained because technology equities managed to rebound, concluding a chaotic first quarter on a high note. As a matter of fact, a great number of key financial centers were unavailable due to the Good Friday Easter holiday.
Besides this, the previous week MSCI's world stock index concluded up 1.2%. However, it lost approximately 1.5% during the first quarter. It was pushed away from record maximums because tensions over global trade stepped up, turmoil in the White House worsened and market-leading technology companies fluctuated on concerns of regulation as well as other issues.
While worries of an all-out global trade conflict that gripped the financial markets the previous month have relieved a bit, tensions between China and America over tit-for-tat duties kept traders on edge.
On Monday, China imposed extra duties on American products including wine, frozen pork as well as certain nuts and fruits, responding to American duties on imports of steel and aluminum.
The evergreen buck stood still showing a result of 106.340 yen. As for the common currency it was nearly intact sticking to $1.2327.
The US currency had rallied approximately 0.6% versus a basket of six key currencies the previous week underpinned by a number of factors including evident progress on North Korea issues.
American crude futures edged up 0.4% ending up with $65.21 per barrel, while Brent futures added 0.55% hitting $69.73 a barrel.
On Friday, American futures managed to ascend because traders closely watched the beginning of the third quarter earnings season following a volatile trading week…
On Friday, European equities rebounded firmly from a steep selloff right after Asian equities demonstrated a partial revival overnight…
On Friday, Asian equities found a bit firmer footing, setting course for their first profits for two weeks, although the rout resumed in Shanghai where equities reached minimums last observed in 2014…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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