Asian stocks lift on easing hopes
Investors hope the Bank of Japan and others will soon cut interest rates or expand asset purchasing.
Investors hope the Bank of Japan and others will soon cut interest rates or expand asset purchasing.
The local unit overcame jitters over electoral uncertaintly and sovereign rating cautions.
The local market has recovered from early post-polling nerves to rise above its pre-Brexit level.
The local unit failed to be pushed lower in early afternoon by Australia’s political confusion.
Asian shares have rallied this week as concerns over Brexit began to abate.
The local market has gained more than 2pc for the week despite a lacklustre afternoon.
Global economic confidence has been boosted by the prospect of more monetary support for Britain.
Mixed gains have capped a turbulent end of the month for the region’s equities.
Banks led losses across the region in early trade, ahead of a speech from BoE governor Mark Carney.
The Aussie’s pullback comes amid US dollar support and end-of-year positioning.
Original URL: https://www.theaustralian.com.au/author/amber-plum/page/65