On Friday, Turkey stocks headed south after the close due to the fact losses in the Tourism, Transport, and Real Estate Investments sectors led shares down…
Asian stocks scale fresh seven-month maximums
On Wednesday, Asian stocks went up to fresh seven-month maximums because market participants welcomed signs of progress in US-China trade negotiations and brisk economic data, and crude approached the major $70 per barrel mark.
EU stocks followed Asia's lead. Britain’s FTSE futures rallied by 0.1%, while Germany’s DAX futures gained nearly 0.7%.
Additionally, MSCI's index of Asia-Pacific stocks ascended by 0.8% in Asia, having hit its highest value since late August.
The index has jumped over 3% since Thursday after reports of progress in trade negotiations between China and America and also reassuring factory activity data from the two leading economies.
The run of profits for stock markets around the globe has also pushed MSCI's major indicator of global stocks to a six-month maximum. Additionally, the global index headed north by over 0.2% on Wednesday.
Expectations for a deal to conclude the trade conflict between the world's two leading economies were fanned by new remarks from White House economic adviser Larry Kudlow that the US government hopes to make progress in negotiations this week.
Experts struggled to spot a clear driver for the extended jump in stocks.
Australian stocks rallied by 0.7%, while Japan's Nikkei stock index surged by 1%. Chinese blue-chips ascended by 0.5% following a tentative start. The Hang Seng index went up by 0.9% in Hong Kong.
On Tuesday, the Dow Jones Industrial Average headed south by about 0.3% hitting 26,179.13 points. As for the S&P 500, it stood still, while the Nasdaq Composite rallied by 0.25% being worth 7,848.69.
The evergreen buck gained about 0.06% versus the Japanese yen to 111.38, while the common currency rallied by 0.18% hitting $1.1222.
On Thursday, Asian stocks went down after losses on Wall Street, although trade was subdued due to the fact that market participants waited for business polls in the European Union and were mostly on the sidelines ahead of the long Easter weekend holiday…
On Wednesday, Wall Street's key indexes stood still because a Qualcomm-led soar in chipmakers was compensated by a dive in healthcare shares for the second straight trading marathon, although quarterly gains came in largely positive…
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…