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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.
On Wednesday, Asian equities stood still due to the fact that worries over the outlook for global economic surge as well as the everlasting China-US trade clash kept market participants away from risky assets…
On Tuesday, Asian equities headed south along with crude prices due to the fact that downbeat mood about world surge drove traders away from risky assets…
On Monday, London markets managed to gain due to the fact that traders weighed up the latest China surge data and also waited for UK Prime Minister Theresa May to outline her fresh Brexit proposal to the country’s parliament…
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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