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On Tuesday, Asian stocks briefly got to a new two year peak on the back of an overnight soar in Wall Street. Besides this, crude extended revenues after key producers Saudi Arabia as well as Russia told that supply drops required continuing into 2018.
However, market participants are getting increasingly anxious as for the broader market. It’s because valuations look quite stretched and with the fresh soar occurring in thin volumes and led by several sectors.
In Hong Kong, the broader market edged up to its highest value since June 2015, following extended buying into Chinese lenders as well as market heavyweight Tencent before dipping 0.6%.
With overall volumes shrinking and share valuations looking stretched a lot, traders are growing quite cautious. By the way, Hong Kong's technology sector turns to be the most expensive. It trades at a price-to-earnings multiple, exceeding an average outcome in more than 42 times.
On Friday, Wall Street's key indexes were braced for reporting their biggest weekly profits for a month because traders were quite optimistic about the everlasting trade negotiations to tackle a bruising tariff clash between China and America…
On Thursday, Wall Street shrugged off early losses because a sudden dive in retail sales affected investor hopes for progress at the everlasting US-China trade negotiations in Beijing…
On Wednesday, European equities went up because upbeat mood about Washington and Beijing trade negotiations backed global markets, while data revealed that earnings surge estimates for the European Union are stabilizing after abrupt downward revisions…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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