asia shares boosted by wall street rally
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Asia shares boosted by Wall Street rally

Arab Today, arab today

Arab Today, arab today Asia shares boosted by Wall Street rally

Reports that the European Central Bank will widen its stimulus programme have boosted markets
Hong Kong - AFP

Asian markets pushed higher Wednesday, taking a lead from fresh gains in New York and Europe in response to reports that the European Central Bank will widen its stimulus programme.
Speculation about further monetary easing in the eurozone pushed the euro lower, while the dollar gave up some of its US gains in early Japanese trade.
Tokyo -- which surged four percent Monday before losing 2 percent Tuesday -- jumped 1.71 percent by the break. Hong Kong climbed 0.62 percent, Sydney added 0.84 percent and Seoul put on 0.60 percent while Shanghai was flat.
Singapore and Kuala Lumpur were closed for public holidays.
Markets on Tuesday were broadly higher after data out of China showed the economy growing quicker than expected, even though it was at its slowest pace since the start of 2009.
They surged higher in Europe and on Wall Street later in the day after a report that the ECB could expand its bond-buying scheme to include corporate notes.
The ECB's present quantitative easing programme is limited to covered bonds and asset-backed securities, but the corporate paper market is much larger and better established.
If followed through early next year, as some reports suggest, the move could further push down long-term interest rates in the euro area and better encourage bank lending.
On Wall Street the three main indexes posted a third straight day of hefty gains. The Dow rose 1.31 percent and the S&P 500 jumped 1.96 percent.
The Nasdaq rallied 2.40 percent, helped by a strong Apple earnings report. Apple, the biggest US company by market capitalisation, rose 2.7 percent as fourth-quarter profits jumped 13 percent to $8.5 billion on strong iPhone sales.
European stocks also rallied, with London's FTSE 100 up 1.68 percent, the Paris CAC 40 2.25 percent higher and the DAX 30 in Frankfurt surging 1.94 percent.
This week's gains have calmed nerves after last week's volatility, which was fuelled by worries about the global economy, although analysts say there is ongoing anxiety as the eurozone, China and Japan continue to struggle.Expectations of further easing weighed on the euro, which dipped to $1.2714 in New York Tuesday from 1.2819 earlier in the day in Asia. In early Tokyo exchanges Wednesday the single currency bought $1.2720.
The euro was trading at 136.03 yen against 136.04 yen in the US and well down from 136.70 yen earlier Tuesday.
The dollar also struggled to hold on to its US gains, dipping to 106.98 yen from 106.99 yen. However the greenback was also up from the 106.56 yen in Asia Tuesday.
On oil markets US benchmark West Texas Intermediate for November delivery eased 14 cents to close at $82.67 a barrel.
Brent North Sea crude for December rose nine cents to $86.31.
Gold was at $1,248.55 an ounce against $1,248.17 late Tuesday.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

asia shares boosted by wall street rally asia shares boosted by wall street rally

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

asia shares boosted by wall street rally asia shares boosted by wall street rally

 



GMT 09:32 2017 Monday ,13 February

Asian markets extend global rally on Trump relief

GMT 16:44 2016 Saturday ,11 June

Florida health warriors deploy in war on Zika

GMT 23:29 2016 Sunday ,18 December

DEWA receives emission reduction certificate

GMT 06:58 2016 Sunday ,25 September

Circle of Light Moscow int'l festival held in Russia

GMT 15:20 2017 Tuesday ,28 November

US sternly criticizes Romanian justice plans

GMT 10:57 2017 Monday ,18 December

Haftar describes Skhirat as expired agreement

GMT 20:12 2017 Saturday ,06 May

Truck-minivan crash kills 4, injures 5 in China

GMT 09:17 2017 Saturday ,16 December

Egyptian President meets Al Hariri

GMT 13:40 2016 Saturday ,19 November

Hidden portrait of Russia's last tsar revealed

GMT 15:22 2017 Sunday ,22 January

fifty lifts England to 321-8 in 3rd ODI

GMT 02:24 2017 Thursday ,05 October

Trump digs deep to defy Clinton momentum

GMT 16:08 2017 Tuesday ,28 February

Chinese Shares Fall on Monday

GMT 03:31 2017 Thursday ,02 February

Hamas forces break up electricity crisis protests

GMT 01:19 2017 Wednesday ,12 July

Woman rescued 3 days after Turkey quake
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday