Asian Stocks to Open Higher After US Notches Gains: Markets Wrap
Shares in Asia rose following gains on Wall Street, with focus shifting to key US consumer price data due later Friday.
Shares in Asia rose following gains on Wall Street, with focus shifting to key US consumer price data due later Friday.
Goldman Sachs Group Inc. analysts believe that the high-stakes municipal vote in Istanbul on Sunday will have a positive impact on the Turkish lira, amid increased pressure on the currency because of revived demand for hard currency this month.
Japan’s top currency official said recent yen weakness is odd and out of line with current economic fundamentals, reaffirming his commitment to act if needed to prevent excessive swings in the exchange rate.
Two of the fixed income securities that best portend economic strains — US junk bonds and the financial sector’s high-grade bonds — are rallying as the economy hums along. The trend may continue as fears of a recession subside.
China will fend off the spillover impact of international financial risks and strike a balance between risk prevention and opening up capital account, deputy head of the country’s foreign exchange regulator Xu Zhibin said at the annual Boao Forum.
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