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.

Similar

Latest news

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

US Evades Default This Time
US Evades Default This Time

Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera