Asian shares advance on stimulus optimism, dollar declines

27.03.2020 - Petr Mazaylo
Asian shares advance on stimulus optimism, dollar declines

TOKYO- Asian stocks recorded a well-ended performance on Friday as investors anticipated another set of stimulus measures to alleviate the drag brought by the novel coronavirus pandemic. Upbeat market mood followed after US unemployment statistics jumped at record-high.

MSCI’S broadest index of Asia-Pacific shares outside Japan inched up by 1.2%. Australian shares shed 1.09% and Japanese benchmark index Nikkei added 1.44% earnings.

S&P 500 E-Mini futures swung bearish and dropped 0.95% in Asian trading board after recording three consecutive days of upbeat activity in S&P 500 on Wall Street.

The US greenback lost against basket of other currencies as central banks’ measure for dollar liquidity in funding markets started to gain traction.

The US House of Representatives is set to pass a legislation about 42 trillion stimulus package on Friday. Such is expected to fill world’s biggest economy with finances to aid the disruptions caused by the novel coronavirus contagion.

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or Market Solutions limited." Cookies notification: “We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Continue

Help with deposit?