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Home / Business / Asia has reached 7-month high, the mood is becoming cautious. From Reuters

Asia has reached 7-month high, the mood is becoming cautious. From Reuters




© Reuters. FILE PHOTO: Tokyo Stock Exchange (TSE) staff working on the Tokyo Stock Exchange

By Wayne Cole

SYDNEY (Reuters) – Asian equities briefly peaked at seven-month highs on Monday as investors rallied US cheered payrolls and incentives for more stimulus in China, but caution soon appeared ahead of a likely challenging US earnings season.

In a document released on the Central Government's website on late Sunday, Beijing said it would reinforce a policy

Chinese blue chips initially climbed to an area not visited since March last year and remained in the course of the meeting only 1

percent. The broadest index for MSCI Asia-Pacific equities outside Japan remained unchanged, reaching its highest level since August.

Japan's value dropped 0.1 percent after reaching its previous high. E-mini futures for the loose 0.2 percent and futures indicated a soft start for the major European exchanges.

On Wall Street, the S & P 500 benchmark index closed its seventh consecutive trading day last week (October 2008). ()

However, a trial is pending as major US banks expect the first quarter of decreasing corporate earnings since 2016.

JPMorgan Chase & Co (NYSE 🙂 and ] Wells Fargo (NYSE 🙂 & Co will get the ball rolling on Friday.

Before that, the minutes of the last Federal Reserve Political Session are due on Wednesday.

"Markets will just look how fabulous the FOMC has become," TD Securities analysts wrote in a statement. "We set a very low but no chance for a rate cut discussion, and conversely, interest rate hikes are still on the horizon for the majority of Fed officials."

"The protocols are likely to peak in terms of nervousness in terms of nervousness outlook."

JOBS RELIEF

Friday saw a great deal of relief around the world as the US Personnel Report saw a sharp increase in jobs in March 196,000, while annual wage growth slowed slightly to 3.2 percent.

"These data mitigate both downside and upside fears," said Alan Ruskin, global head of G10 FX strategy at Deutsche Bank (DE :). "Fears of soft growth are mitigated, and on the upside, wage data are not suggestive of further inflation that would jeopardize inflation."

"It seems to believe that the US economy remains relatively robust and does not justify a rate cut Expectations for the coming half year are expected and in that respect will contribute to the purchase of US dollar slumps against the majors." [19659004] The dollar fell against a basket of currencies against 97,266 on Monday, beating the high of March at 97,710, which is a major chart resistance.

The Dollar dropped some of its recent gains against the Japanese yen to 111.41 and has yet again to clear the March peak of 112.12 to trigger a real bullish trend.

The euro was undermined by a series of sad data from Europe, which was quoted at $ 1.2226, not far from its last 20-month low at $ 1,1174.

The pound sterling itself had problems at $ 1,330, as the time to leave Britain on April 12 depends on the European Union. without agreement.

Prime Minister Theresa May must present at a summit meeting on Wednesday a new plan to ensure a delay for EU leaders.

On the commodity markets, the share was firmer at $ 1,296.52 per ounce.

Oil prices rise This is the highest level since November 2018, driven by OPEC's continuing supply shortages and US sanctions against Iran and Venezuela. [O/R]

had recently risen 28 cents to $ 63.36 a barrel, while futures climbed 29 cents to $ 70.63.


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