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A look at the day ahead in European and global markets from Wayne Cole Asian stocks have extended last week's rally, led by China shares, amid talk th...
Asian stocks have extended last week's rally, led by China shares, amid talk that all of Beijing's small policy steps might actually add up to real stimulus at some stage. Japanese shares have also been doing well, with the Topix marking a 33-year high in the wake of data showing recurring profits at Japanese companies hit a record in the second quarter. Companies are holding an astonishing 555 trillion yen ($3.80 trillion) of earnings in reserve, which is more than the entire 447 trillion market capitalisation of the Topix.
A look at the day ahead in European and global markets from Wayne Cole Asian stocks have extended last week's rally, led by China shares, amid talk that all of Beijing's small policy steps might... -Today at 12:30 am- MarketScreener
The Euro (EUR) regains some upside traction vs. the US Dollar (USD) and encourages EUR/USD to reclaim the area above the key 1.0800 the figure at the
It could have been worse, is about the best that can be said of China's data dump today. Industrial output in June beat by rising 4.4% on year, but retail sales missed at 3.1% and property sales suffered the largest monthly drop this year, so making for a rather mixed bag. Investors' favourite liquid China proxy, the Aussie dollar, was modestly under water as analysts suspect Beijing will allow the yuan to keep depreciating as one form of indirect stimulus.