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Asia Stocks Follow Global Momentum

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as strong earnings and manufacturing data boosted risk, Asian stocks followed global indexes higher Wednesday. expectations that the Federal Reserve will signal a rate increase later in the session lifted the dollar. Following a sharp decline Tuesday, Oil prices pulled higher on technical selling. This followed a rise in output from many members of the Organization of Petroleum Exporting Countries. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 percent early on Wednesday. This was within a hair of an almost-two-year high hit on Tuesday.

Added on the 02/05/2017 21:42:21 - Copyright : Wochit

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