Shares 105 Views

Asian stocks rally as Dollar slips

Stock markets Asia are trading higher this Monday morning with banking shares leading the way on heightened prospects of roll-back of Dodd Frank act under Trump administration.

At the time of writing, Japan’s Nikkei index was up 0.38%. The stocks strengthened despite 0.20% drop in the USD/JPY pair. Mitsubishi UFJ jumped 4.2% after third-quarter profit unexpectedly rose 17%. Hong Kong’s Hang Seng was up 0.70%. Meanwhile, Australia’s S&P/ASX 200 was up 0.18%.

The Dollar Index fell 0.1% following the release of dismal US wage growth numbers on Friday. The greenback has suffered losses for six straight weeks.

The main focus this week is on the central banks – RBA, RBNZ, RBI. At the end of the Japan’s Prime Minister Shinzo Abe will meet US President Donald Trump at the White House.

You may be interested

Allianz
shares19 views

Insurance Giant Allianz Is Testing a Token to Move Money Internally

Brian Evans - Apr 19, 2018

Allianz is testing a blockchain token to move money between its global affiliates.

Crypto
shares32 views

SEC Subpoenas Riot Blockchain Over Cryptocurrency Plans

Brian Evans - Apr 19, 2018

Various worrisome trends involving blockchain technology exist as of right now. One of the more popular solutions for struggling firms is to announce blockchain or cryptocurrency plans.…

Altcoin News
shares21 views

Social Snafu: Twitter Verifies a Scam Verge Cryptocurrency Account

Brian Evans - Apr 19, 2018

The official Verge account, meanwhile, has yet to get its blue badge. A fraudulent Twitter account is making the rounds in the cryptocurrency market, with anonymous cryptocurrency Verge…

Most from this category

%d bloggers like this: