Asian stocks head north to eight-month maximum

Asian stocks head north to eight-month maximum

On Tuesday, Asian stocks reached an eight-month maximum because optimism about Chinese measures to spur economic surge backed mainland markets, although fears about American earnings as well s a crucial Brexit summit this week pared profits.

Moreover, MSCI's index of Asia-Pacific stocks went up by 0.3%, hovering over its highest value since August 9 2018.

As for Chinese blue chips, they inched up by 0.15% because traders appreciated a plan uncovered by China's state planner on Monday just to relax residency curbs in numerous Chinese smaller cities and ramp up infrastructure spending.

However, outside of China, broader sentiment was mostly subdued due to the fact that traders’ focus was still on potential flashpoints, in particular, an important Brexit summit and a meeting on trade between China and the EU set for later on Tuesday.

EU stocks were braced for starting on a cautious note, with Britain’s FTSE futures standing still and Germany’s DAX futures losing 0.2%. As for E-Mini futures for the S&P 500, they decreased by 0.1%.

Furthermore, Japan's Nikkei jumped by 0.1%, while Australian stocks went down.

On Monday, Wall Street stocks demonstrated mixed performance, with the Dow Jones Industrial Average decreasing by 0.3% and the S&P 500 soaring by 0.1%.

Fears over decelerating American earnings have undermined American stocks in recent trading sessions, although a firm jobs report the previous week assisted to soothe frayed nerves.

Crude rallied to their highest value since November, powered by fighting in Libya in addition to everlasting supply cuts promised by the Organization of the Petroleum Exporting Countries as well as American sanctions against Venezuela and Iran.

Versus the Japanese yen, the evergreen buck dived by 0.15% hitting 111.35.

Similar

Apple event surprised traders
Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

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