Asian stocks soar as crude dip shrugged off

Asian stocks soar as crude dip shrugged off

On Thursday, Asian stocks managed to rise, shrugging off a 2% tumble overnight in oil prices and also picking up some momentum on prospects of a descending greenback as the Fed debates the pace of American economic surge and inflation.

The Nikkei 225 picked up 0.01%.

Stocks of Toshiba declined a bit more than 2%.

Australia's S&P/ASX 200 rose 0.42%, with materials and energy stocks demonstrating signs of revival after selling off in the previous trading session.

Meanwhile, financial markets in greater China stood in the green with the Hang Seng Index gaining 0.08% and the Shanghai Composite reporting a 0.16% profit.

Overnight, American shares concluded mixed, suppressed by a third-straight day of dipping crude prices which put pressure on the broader market, while a  sudden uptick in American existing home sales failed to spur sentiment.

The sink in energy stocks overshadowed upbeat economic data, demonstrating that sales of existing homes inched up 1.1% in May, hitting an annual rate of 5.62 million.


FTSE 100 keeps struggling for 3rd day

On Friday, British equities headed south, with bank equities keying off dips on Wall Street where concerns as for progress for tax cuts as well as other reforms ramped up, although the blue-chips market was still on course for a weekly soar…

Australian equities inch down

On Friday, Australian equities lost after the close because losses in the A-REITs, Financials as well as Utilities sectors suppressed stocks…


Bank of Canada Meeting

The Bank of Canada will publish its rate statement at 17:00 MT time on December 6…

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