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On Friday, Asian stocks mostly gained on prospects for tax cuts in America, with the financial markets cautious, reacting to a suspected terrorist shooting in Paris several days ahead of presidential polls in France.
Japan's Nikkei 225 index inched up 0.73%. The Kospi ascended 0.81%, Australia's S&P/ASX 200 made revenues of 0.58%. Hong Kong's Hang Seng Index grew 0.18%, while the Shanghai Composite revived moderately, adding 0.07%.
Samsung Electronics leapt 2.38%, following the long-awaited release of its new Galaxy S8 smartphone in Seoul, on Friday. The company told that the previous week that pre-orders for the Galaxy S8 had exceeded those for the S7.
Overnight, American shares closed higher on Thursday because risk-on sentiment got back after a sturdy batch of corporate earnings as well as bullish comments on tax reform from US Treasury Secretary Steven Mnuchin.
The three key American indexes were still on track to conclude the week in positive territory. It’s because corporate earnings overshadowed geopolitical events, while economic data turned to be weaker than expected.
On Wednesday, upbeat signs from trade negotiations between the world's two leading economies spurred EU equities, while the threat of a blocked merger deal had Sainsbury's shares suppressed…
On Tuesday, American shares struggled for direction due to the fact that profits in Walmart compensated losses in financials, with trade negotiations between China and America in focus…
On Monday, British equities generally slipped after the close…
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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