Arab Today, arab today asian shares follow wall street rally after china easing
Last Updated : GMT 06:37:05
Arab Today, arab today
Arab Today, arab today

Asian shares follow Wall Street rally after China easing

Arab Today, arab today

Arab Today, arab today Asian shares follow Wall Street rally after China easing

Residential district in Shanghai
Hong Kong - AFP

Asian markets rallied Tuesday, led by Hong Kong and Shanghai after China's decision to ease mortgage rules fuelled hopes for further stimulus measures, while improved confidence weighed on the safe-haven yen.
Traders were given another strong lead from Wall Street, where the three main indexes surged more than one percent, supported by the Chinese move while dealers are awaiting key US jobs data at the end of the week.
Hong Kong climbed 1.03 percent, Shanghai gained 0.88 percent Tokyo added 0.65 percent, Seoul put on 0.40 percent and Sydney jumped 1.40 percent after tumbling Monday.
Regional investors picked up where their counterparts in New York and Europe left off after the People's Bank of China on Monday lowered minimum downpayments on second homes from 60-70 percent to 40 percent in a bid to boost the slowing economy.
The announcement came after the bank's head Zhou Xiaochuan at the weekend hinted at fresh measures to fend off deflation, while Premier Li Keqiang said at the start of the month the government had the firepower to support the economy.
"Investors continue to work on the expectation that the People's Bank of China will deliver more policy reports in coming months and that the US (Federal Reserve) will be cautious about its policy deliberations," Matthew Sherwood, head of investment markets research in Sydney at Perpetual Ltd, told Bloomberg News.
On Wall Street the Dow rose 1.49 percent, the S&P 500 gained 1.22 percent and the Nasdaq advanced 1.15 percent. And in Europe the Frankfurt DAX 30 jumped 1.83 percent, the CAC 40 in Paris ended 0.98 percent higher and London's FTSE 100 climbed 0.53 percent.
In currency markets the yen, which is considered a safer bet in times of uncertainty, edged down.
The dollar was at 120.25 yen early Tuesday, down from 120.18 yen in New York.
The euro currency bought $1.0827 and 130.16 yen on Tuesday against $1.0825 and 130.10 yen in US trade.
The single currency is holding up as dealers hold out hopes for progress toward an agreement between Greece and its creditors over its bailout negotiations.
Experts from the IMF and the EU are scrutinising a list of proposed reforms put forward by Athens to try to unblock a new 7.2-billion-euro tranche of loans and avoid a debt default.
But Greece was told the list needs more work and details. "We're not there yet," European Commission spokesman Margaritis Schinas warned.
However, he added, "the fact that experts worked through the entire weekend and continue today is a positive sign."
Oil prices edged down, with speculation growing that a possible nuclear deal being hammered out between Iran and the international community could see sanctions on the country lifted, leading to more oil hitting global markets.
US benchmark West Texas Intermediate eased 62 cents to $48.06 while Brent fell 53 cents to $55.76.
Gold fetched $1,186.76 against $1,185.40 late Monday.

 

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 shares follow wall street rally after china easing Arab Today, arab today asian shares follow wall street rally after china easing

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 09:49 2017 Saturday ,18 February

Qatar Stock Exchange Index Gains 190.17 Points This Week

GMT 09:15 2017 Friday ,17 February

Asia stocks retreat after week-long Trump rally

GMT 08:14 2017 Friday ,17 February

Bahrain Bourse daily trading report

GMT 21:28 2017 Thursday ,16 February

US Stocks End High on Tuesday

GMT 21:18 2017 Thursday ,16 February

Chinese Yuan Strengthens to 6.8632 Against USD Wednesday

GMT 09:55 2017 Thursday ,16 February

Robust Omani Riyal exchange rate affirmed
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
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