On Wednesday, Asian stocks traded mostly higher because sturdy earnings along with manufacturing data spurred risk appetite, while hopes that the Fed will signal a June rate surge later in the session underpinned the greenback.
Crude prices pulled higher after a steep drop on Tuesday, following technical selling in a market already concerned over oversupply and following a soar in output from several members of the OPEC.
Outside Japan MSCI's broadest index of Asia-Pacific stocks was moderately lower on Wednesday.
The MSCI World index managed to surpass Tuesday's record to reach a new peak on Wednesday.
Hong Kong as well as South Korea are closed for the Buddha's birthday, while Japan’s unavailable from Wednesday for the Golden Week holiday until Friday.
Taiwan ascended 0.1%. Besides this, Malaysia, Singapore and Thailand were traded higher too, though Chinese stocks pulled back nearly 0.3%.
Australian shares lost 1%, unable to spot fresh catalysts to bring it above a two-year peak reached on Monday.
On Wednesday, Asian stocks managed to rally due to the fact that Fed Chair Jerome Powell came up with an upbeat assessment of the American economy at his congressional testimony…
On Tuesday, European equities went down, having a second straight loss because telecom stocks were pressured, while market participants stepped back from risk ahead of testimony having to do with monetary policy from Fed Chair Jerome Powell…
On Monday, American futures didn’t change because market participants turn their attention to corporate earnings…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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