asia markets mostly higher after wall street record
Last Updated : GMT 11:03:35
Arab Today, arab today
Arab Today, arab today

Asia markets mostly higher after Wall Street record

Arab Today, arab today

Arab Today, arab today Asia markets mostly higher after Wall Street record

Asian markets
Hong Kong - AFP

Asian markets mostly rose on Friday, following a record lead from Wall Street, while the euro continued to defy mounting fears Greece would default after the latest talks on its debt reform collapsed.

The yen was flat as investors awaited the conclusion of the Bank of Japan's latest policy meeting, which is being watched for a handle on the state of the country's economy and its stimulus plans.

Tokyo added 0.81 percent by the break, Hong Kong advanced 0.72 percent, Sydney surged 1.29 percent, Seoul gained 0.51 percent. However, liquidity woes and profit-taking sent Shanghai tumbling 1.99 percent.

Wall Street's three main indexes rallied, with analysts attributing the gains mostly to the Federal Reserve's policy announcement and pledge Wednesday from chair Janet Yellen that it will only gradually raise interest rates.

The comments eased worries about a sharp rise in borrowing rates in the world's top economy and key driver of global growth.

The Nasdaq jumped 1.34 percent to a record high, while the Dow added 1.00 percent and the S&P 500 gained 0.99 percent.

Investors brushed off increasing worries about Greece's future in the eurozone after talks between the bloc's Eurogroup of finance ministers fell apart Thursday.

The meeting in Luxembourg aimed at breaking the five-month-old standoff was the latest failure to reach a compromise and leaves Athens with less than two weeks to unlock billions of euros in bailout funds to service its debts.

With Greece unwilling to agree to some austerity terms and creditors also not backing down, the country could end up defaulting, which could then lead to it leaving the eurozone.

- 'Accident dangerously close' -

Greek Finance Minister Yanis Varoufakis warned "an accident" in the bitter dispute was drawing "dangerously close", while International Monetary Fund chief Christine Lagarde said progress required "adults in the room" in an apparent swipe at Athens officials.

But Eurogroup chief Jeroen Dijssebloem told a news conference: "It is still possible to find an agreement and extend the current programme before the end of the month but the ball is clearly in the Greek court to seize that last opportunity."

Despite the troubles the euro maintained its strength. It bought $1.1379 compared with $1.1371 in New York, where it at one point hit a one-month high of $1.1436. The single currency was also at 139.87 yen on Friday against 139.78 yen in New York.

The dollar fetched 122.91 yen compared with 122.93 yen in US trade.

Eric Viloria, currency strategist for Wells Fargo Securities, said the euro gains came on reports suggesting Greece had obtained a delay in debt payments, but they were quickly pared when it became evident that was not the case.

The fact the euro did not lose all of its advances after the Eurogroup failure showed the market had not expected a deal, he said.

Chris Low, chief economist at FTN Financial, said he was "a little surprised" at the market's response but added: "Maybe we fully priced in Greece leaving the euro."

On oil markets US benchmark West Texas Intermediate for July delivery was down 11 cents in mid-morning trade to $60.34 while Brent crude for August was 16 cents lower at $64.10.

Gold fetched $1,201.65 compared with $1,195.40 late Thursday.

arabstoday
arabstoday

GMT 03:39 2017 Friday ,24 November

European markets wobble amid US Thanksgiving holiday

GMT 22:09 2017 Thursday ,23 November

Bahrain Bourse daily trading performance

GMT 02:02 2017 Thursday ,23 November

Asian markets rally after Wall St lead, euro struggles

GMT 22:40 2017 Wednesday ,22 November

Bahrain Bourse daily trading performance

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

asia markets mostly higher after wall street record asia markets mostly higher after wall street record

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

asia markets mostly higher after wall street record asia markets mostly higher after wall street record

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday