Asian stocks track Chinese gains

Asian stocks followed a firmer Chinese lead on Wednesday after a report showed growth in the country’s service sector accelerating despite broader economic headwinds, while the pound halted its decline on hopes a no-deal Brexit may yet be averted.

Asian Stocks

  • The Shanghai Composite Index added 0.3% while the blue-chip CSI300.
  • MSCI’s index of Asia-Pacific shares outside Japan snapped two days of losses and gained 0.6%.
  • South Korea’s KOSPI advanced 0.4% and Japan’s Nikkei added 0.2%.
  • Futures on the S&P 500 Index advanced 0.7%. The underlying gauge sank 0.7% on Tuesday.
  • Euro Stoxx 50 futures added 0.2%.

Currency Markets

  • The dollar index against a basket of six major currencies stood at 98.933.
  • The euro was steady at $1.0975 after sliding to a 28-month low of $1.0926 overnight.
  • The British pound rose 0.2% to $1.2105.
  • The yen fell 0.1% to 106.07 per dollar.

Bonds

  • The yield on 10-year Treasuries rose one basis point to 1.47%.
  • Australia’s 10-year yield dipped to 0.92%

Commodities

  • West Texas Intermediate crude rose 0.5% to $54.23 a barrel.
  • Gold fell 0.3% to $1,541.29 an ounce.

Source

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy