Tuesday , June 28 2022

Increases of stocks, the sums of & # 39; dollars on signs & # 39; more cautious Fed



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TOKYO: 29 & # 39; November 2018: The Asian stocks rose on Thursday, while gains on Wall Street was recorded, after which the chairman of the US Federal Reserve suggested it could & # 39; ending cycle & # 39;

Spreadbetters expect European stocks opened higher, with the British FTSE rises 0.5 percent, the German DAX adding 0.6 percent and the CAC of & # 39; France gained 0.65 percent.

The dollar and Treasury yields & # 39; US fell & # 39; after Jerome Powell said on Wednesday that the policy rate & # 39; the United States were "slightly less" neutral, less than two months after saying that rates were probably "a long way" from what point.

The widest index & # 39; of & # 39; the MSCI of & # 39; shares & # 39; the Asia-Pacific outside Japan rose & # 39; 0.6 per cent

The Australian stocks gained 0.6 percent and Japan's Nikkei climbed 0.4 percent. But Composite Index & # 39; Shanghai bucked the trend and fell 1 percent.

The gains in Asia was cushioned by investors tersijiet before large trade talks between the President of the United States Donald Trump and his Chinese counterpart Xi Jinping Saturday on the sidelines of the G20 summit in Argentina.

Economists at ANZ stressed that the political administration Trump Hawks in Washington want to take a tough stance against Beijing seem to be in ascendancy.

"They want some concessions from China, not least of all on what they perceive as theft of & # 39; intellectual property rights and forced technology transfer", wrote the ANZ economists.

"Therefore, it seems that the prospect of Trump Xi meeting ends without sustainable resolution to their differences is relatively high."

The analysts believe that signs of & # 39; reduction in tensions between the US and China could lead to a rally & # 39; knee, but say that the shift work & # 39; is likely to be short unless there is substantive concessions – especially if some can & # 39; persuade Trump to postpone sharp increase in tariffs on Chinese Goods shall come into effect January 1.

The Dow rallied 2.5 percent and Nasdaq rose nearly 3 percent on Wednesday as comments from & # 39; Powell reduced fear & # 39; a & # 39; & # 39 fast pace; rate hikes in 2019. [.N]

"The equities gained as Powell pointed to implement lower increases in rates when the economy is still doing well," said Masafumi Yamamoto, chief forex Strategist at & # 39; & # 39 in Mizuho Securities, Tokyo.

"The likelihood of & # 39; monetary tightening slower US caused to the declining dollar against the currencies, b & # 39; in particular the euro, which soon & # 39; benefit from an increase in the rate ECB. "

The euro was & # 39; 0.15 percent higher at $ 1.1384, coming after 0.7 percent on the day & # 39; before.

The dollar dipped 0.35 percent to 113.26 yen after having killed a high & # 39; & # 39 weeks; over-scaled 114.00 overnight.

The Australian dollar, sensitive to changes in & # 39; feeling & # 39; risk wider & # 39 ;, jumped more than 1 percent on Wednesday and finally was & # 39; $ 0.7319 for a gain & # 39; 0.15 percent.

The dollar index against a basket & # 39; six major currencies fell to 96 731 after loss & # 39; 0.6 percent overnight.

The yield of the Treasury & # 39; 10 years fell to 3.013 percent, the lowest of the 18 & # 39; September, post comments & # 39; Powell. The yield of the Treasury & # 39; & # 39 fell two; for the third straight session.

The recovered oil prices some of the losses in the & # 39; previous session, but an increase in crude inventories in the United States and uncertainty at a meeting of the OPEP the next week maintained markets pressure. [O/R]

The crude futures rose by the United States & # 39; 0.3 per cent to $ 50.41 a barrel after sliding 2.5 percent on the day & # 39; before.

The brent crude fell 0.1 percent to $ 59.69 per barrel. He fell & # 39; to 21 percent a month, during which collapsed & # 39; a 13-month trough & # 39; of & # 39; $ 58.41.

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