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TOKYO- Asian stocks recorded a well-ended performance on Friday as investors anticipated another set of stimulus measures to alleviate the drag brought by the novel coronavirus pandemic. Upbeat market mood followed after US unemployment statistics jumped at record-high.
MSCI’S broadest index of Asia-Pacific shares outside Japan inched up by 1.2%. Australian shares shed 1.09% and Japanese benchmark index Nikkei added 1.44% earnings.
S&P 500 E-Mini futures swung bearish and dropped 0.95% in Asian trading board after recording three consecutive days of upbeat activity in S&P 500 on Wall Street.
The US greenback lost against basket of other currencies as central banks’ measure for dollar liquidity in funding markets started to gain traction.
The US House of Representatives is set to pass a legislation about 42 trillion stimulus package on Friday. Such is expected to fill world’s biggest economy with finances to aid the disruptions caused by the novel coronavirus contagion.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
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