Asian stocks ascend on optimism over global soar

Asian stocks ascend on optimism over global soar

On Monday, Asian stocks went up on optimism over global surge, while the greenback stood on the defensive as a subdued American inflation outlook capped American bond yields and also raised questions whether the Fed intends to tighten its policy or not.

Outside Japan, MSCI's broadest index of Asia-Pacific stocks soared 0.4%, while Japan's Nikkei N225 went up 0.1%.

Share prices have also been underpinned by quite loose monetary policies in the developed world, with the BOJ and the ECB still pumping in funds.

While the leading US financial institution is gradually tightening its monetary policy, traders think the pace of its tightening is going to be much slower than its policymakers actually want considering subdued American inflation.

The lower US Treasury yields have put the greenback on the defensive, although some investors tell both Treasury yields and the greenback could soar if Donald Trump succeeds in pushing through his healthcare bill in the US parliament.



ECB Meeting

Traders are impatiently waiting for the European Central Bank’s meeting on October 26…


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