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Asian stocks edge up after positive earnings from American tech titans
On Friday, Asian equities rallied because technology stocks were driven by positive earnings from American hi-tech giants. Meanwhile, the common currency stuck to three-month minimum versus the evergreen buck the ECB dared to extend its stimulus.
Japan's Nikkei N225 soared 0.6%, South Korea's Kospi KS11 inched up 0.2%, while Australian equities tacked on 0.2%. As for MSCI's index of Asia-Pacific stocks, it didn’t change in dollar terms.
Revenues of Microsoft, Alphabet and Amazon were all positive. It underpinned their equities in after-hour trade.
Before this, the US benchmark S&P 500 Index soared 0.1% approaching the record maximum hit the previous week, due to the strengthening global economy as well as firm corporate earnings.
As third-quarter earnings season is getting closer to the half-way mark, up to 74% of American companies have topped hopes, exceeding the 72% beat rate for the last four quarters.
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Good morning, dear traders! Hope you’re doing great! Let’s talk about the news that is worth following today! Key market events: 15:30 MT, CAD GDP m/m 17:00 MT, GBP BOE Gov Bailey Speaks Oil is tensed again Oil rose as China refined its approach…
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Hello, dear traders! We hope you have a great day! Let’s see what news is worth following today! Market closing US stock exchanges will be closed due to the Thanksgiving holiday…