On the second day, Asian stocks took a step forward on the second day as Japanese shares climbs. The Japanese yen tumbled versus major currency peers but silver advanced.
The MSCI Asia Pacific Index gained 0.2% by 9:15 a.m. (Tokyo time); Japan’s Topix Index added 0.4%. Austalia’s S&P/ASX 200 Index moved away from three days of losses. Standard & Poor’s 500 Index futures accelerated 0.2%, following the benchmark slid for the third time in four days.
The yen dropped against 16 key trading partners, lost 0.1% against the dollar. The Australian dollar incurred 0.2%, while South Korea’s won became stronger at 0.3%. Silver profited on the fifth day.
Around $3 trillion has been wiped off from equities worldwide this year, despite a sell-off in emerging market currencies as China’s economy slows down and the Federal Reserve reduces stimulus. The improving U.S. economy may demand faster tapering of quantitative easing, Philadelphia Fed President Charles Plosser said yesterday.
Taiwan is set to release report on inflation and foreign reserves today. The Australian retail sales and business confidence data are also due today. Sony Corp. will report earnings after the close of markets in Tokyo.
“Markets overall will be in a holding pattern until we see U.S. non-farm payroll data on Friday. There’s nothing overall to be alarmed about, but the rate at which investors are prepared to capitalize on earnings in the face of short-term risk has lessened. Emerging markets and the rate of U.S. growth are two things people need to get their heads around,” said Pengana Capital Ltd. Portfolio Manager Tim Schroeders.
The material has been provided by InstaForex Company – www.instaforex.com
On the second day, Asian stocks took a step forward on the second day as Japanese shares climbs. The Japanese yen tumbled versus major currency peers but silver advanced.
The MSCI Asia Pacific Index gained 0.2% by 9:15 a.m. (Tokyo time); Japan’s Topix Index added 0.4%. Austalia’s S&P/ASX 200 Index moved away from three days of losses. Standard & Poor’s 500 Index futures accelerated 0.2%, following the benchmark slid for the third time in four days.
The yen dropped against 16 key trading partners, lost 0.1% against the dollar. The Australian dollar incurred 0.2%, while South Korea’s won became stronger at 0.3%. Silver profited on the fifth day.
Around $3 trillion has been wiped off from equities worldwide this year, despite a sell-off in emerging market currencies as China’s economy slows down and the Federal Reserve reduces stimulus. The improving U.S. economy may demand faster tapering of quantitative easing, Philadelphia Fed President Charles Plosser said yesterday.
Taiwan is set to release report on inflation and foreign reserves today. The Australian retail sales and business confidence data are also due today. Sony Corp. will report earnings after the close of markets in Tokyo.
“Markets overall will be in a holding pattern until we see U.S. non-farm payroll data on Friday. There’s nothing overall to be alarmed about, but the rate at which investors are prepared to capitalize on earnings in the face of short-term risk has lessened. Emerging markets and the rate of U.S. growth are two things people need to get their heads around,” said Pengana Capital Ltd. Portfolio Manager Tim Schroeders.
The material has been provided by InstaForex Company – www.instaforex.com
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