Arab Today, arab today asian markets extend gains us dollar approaches ¥120
Last Updated : GMT 02:57:19
Arab Today, arab today
Arab Today, arab today

Asian markets extend gains, US dollar approaches ¥120

Arab Today, arab today

Arab Today, arab today Asian markets extend gains, US dollar approaches ¥120

Asian markets
Hong Kong - AFP

Asian markets rallied for a third straight day Thursday following another record close on Wall St, as investors cheered an upbeat report on the economy from the US central bank.
The dollar sat just short of the 120 yen mark, a level it has not seen for more than seven years, while the euro struggled ahead of a European Central Bank meeting later in the day.
Tokyo added 0.76 percent, Hong Kong rose 0.46 percent, Sydney climbed 0.72 percent and Shanghai gained 0.27 percent, while Seoul was up 0.59 percent.
Regional markets have climbed this week following a slew of strong US data and record finishes on Wall Street as the world's biggest economy gets back on track.
On Thursday, dealers in Asia cheered a report from the Federal Reserve that said "a number" of the central bank's 12 districts said contacts "remained optimistic about the outlook for future economic activity".
The Beige Book, a collection of anecdotal information on current economic conditions, is closely watched by investors as a barometer of the health of the economy.
For the first time in more than a year, the Fed dropped its "modest" and "moderate" descriptions of overall growth, saying reports suggest "that national economic activity continued to expand" in the past two months.
The news -- which came a day after healthy construction and sales figures -- was greeted with glee on Wall Street. The Dow rose 0.18 percent to its second straight record close, while the S&P 500 gained 0.38 percent, also a new all-time high, and the Nasdaq added 0.39 percent.
- Euro under pressure -
In foreign exchange trade, the dollar, buoyed by the string of positive news, pushed towards 120 yen, which it last saw in July 2007.
In early trade the greenback bought 119.81 yen compared with 119.80 yen in New York, and analysts expect it to breach the key marker soon.
The euro was at $1.2314 and 147.50 yen. In US trade, it hit a two-year low of $1.2308 against the dollar and bought 147.48 yen.
Europe's single currency has suffered selling pressure ahead of the ECB meeting, which investors are watching to see if policymakers introduce monetary easing measures to kickstart the region's sluggish economy.
While the euro has been sold ahead of the meeting, expectations are that the central bank will hold fire but signal a move in the new year.
"Even if it does not step up its actions just yet, it will choose language for the statement that makes additional easing a near certainty for the first quarter of 2015," said Berenberg Bank economist Christian Schulz.
Oil prices moved higher as dealers welcomed a fall in US crude stockpiles that indicated upbeat demand in the world's top crude consumer.
Both contracts remained near multi-year lows after OPEC's decision last week to maintain output levels despite a global oversupply.
US benchmark West Texas Intermediate for January delivery rose 28 cents to $67.66 while Brent crude for January gained 34 cents to $70.26.
Gold was at $1,208.22 an ounce, compared with $1,200.38 late Wednesday.

 

arabstoday
arabstoday

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*

Arab Today, arab today asian markets extend gains us dollar approaches ¥120 Arab Today, arab today asian markets extend gains us dollar approaches ¥120

 



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*

Arab Today, arab today asian markets extend gains us dollar approaches ¥120 Arab Today, arab today asian markets extend gains us dollar approaches ¥120

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
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 Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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