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Asian stocks move up
On Tuesday, Asian stocks inched up due to strength in Europe and America, as crude’s longest stretch of daily revenues for five years powered energy stocks, while markets in Seoul were affected by a North Korean missile launch.
Outside Japan MSCI's broadest index of Asia-Pacific stocks gained 0.3%.
Japan's Nikkei tacked on 0.4%, South Korea's KOSPI decreased 0.1%.
Earlier the KOSPI went down as much as 0.4% and the South Korean won lost 0.3% after reports North Korea had launched another missile, which could potentially land in Japanese exclusive economic zone.
Australian stocks grew 1.65%, rebounding from a 2.3% loss for the last two trading sessions.
Overnight on Wall Street, the Dow Jones Industrial Average and the S&P 500 index reported revenues of 0.6% and 0.2% respectively, led by energy stocks and financials. As for the Nasdaq, this benchmark decreased 0.5%.
American markets aren’t functioning on Tuesday due to the independence day holiday.
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Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
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.