On Monday, Asian stocks traded mixed after an initial spurt higher regionally, following the French election, which went widely as expected, pitting far-right leader Marine Le Pen and centrist Emmanuel Macron in a May 7 runoff. Meanwhile, tension on the Korean peninsula also applied pressure on market sentiment later.
On Sunday, during the first round of the election centrist candidate Emmanuel Macron managed to win 23.7% of the votes. As for National Front leader Marine Le Pen, she grasped 21.7%, as latest estimates state.
Japan's benchmark Nikkei 225 index rallied 1.2% on the back of the French surveys, while the Kospi inched up 0.22%. As for the S&P/ASX 200, this benchmark soared 0.26%.
In China, the Hang Seng Index reversed revenue and dropped 0.27%, while the Shanghai Composite went down 1.56%. American share futures kept pointing higher.
The previous week, American shares closed lower on Friday notwithstanding the publication of bullish economic data as well as an update from President Donald Trump on his tax reform initiative.
On Thursday, American stock indexes slumped because a bunch of weak quarterly reports impacted a firm earnings season, while trade tensions escalated on news the EU might retaliate if America dares to impose duties on European vehicles…
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…
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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