Asian markets rally as euro found its footing after Catalan relief


Asian Markets ended the session mostly in positive positions in the latest market session, as it was pushed by a record performance in Wall Street influencing the flow of market in Asia, investors are also expecting markets to rise because the earning season is fast approaching.

The Euro also managed to hold unto previous gains against the dollar as investors are hopeful for a resolution to the Catalan crisis in Spain. Investors are expecting the Federal Reserve to raise the Interest for a third time this year in December.

While the U.S. – North Korea tensions continue to rumble on in the background, trading floors remain positive following a series of upbeat readings across global economies.

All three major indexes in Wall Street raked more gains following strong corporate reports, while analysts say that the mood has also improved by a small number of firms warning that they are expecting a negative impact from hurricanes Harvey, Irma and Maria.

The gains in New York provided firm footing for Asian Traders.

By the end of morning trade Tokyo’s Nikkei was up by 0.5 %, ending the session in its highest level in 21 years. News from Down under, the S&P/ASX 200 was up by 0.1% and Singapore was also up by 0.6%.

Seoul’s Kospi added 0.2%, and Hong Kong and Shanghai’s indexes ended the session flat.

In other Asian countries, Wellington, Taipei, Manila and Jakarta was also in the bull.


Leave a Reply

Your email address will not be published.