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On Tuesday, Asian equities gained, with market sentiment driven by upbeat Caixin July manufacturing PMI figures.
In Japan, Nikkei 225 index rallied 0.22%. In Australia, the S&P/ASX 200 went up 0.77%, bolstered by strength in its energy sub-index that gained 1.9%.
The Reserve Bank of Australia held its interest rates intact at a record minimum 1.5%. The given outcome was generally expected by market participants.
In Hong Kong, the Hang Seng Index showed a 0.73% leap. The Shanghai Composite acquired 0.41%.
Tuesday’s Caixin manufacturing PMI hit 51.1, outperforming the expected reading of 50.4.
Overnight, Wall Street equities concluded at record maximums because investors kept expecting positive corporate earnings would back a move higher in market averages compensating the recent descend in tech equities.
American equities made a mixed start to the trading week because market sentiment on corporates earnings was still bullish, after Friday’s reports from Factset revealed that 73% of the S&P 500 companies, which had posted earnings the previous week, surpassed estimates on both the top as well as bottom lines.
On Thursday, American equities headed south due to the fact that gloomy earnings reports from industrials backed fears about soaring expenses as well as the impact of levies, contributing to worries over higher borrowing costs after hawkish remarks from…
On Wednesday, American equities lost in their value in rather a choppy trading session, unable to proceed with their surge from the previous trading marathon because IBM snapped a run of firm blue-chips profits and gloomy housing data suppressed Home…
On Tuesday, American equities surged after the close because profits in the Healthcare, Technology as well as Consumer Services sectors backed stocks…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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