TOKYO – Asia-Pacific equities rose to their highest level since mid-February on Friday, taking cues from an overnight Wall Street rally as market bets firmed for the Federal Reserve to skip a rate hike next week.
Much of that was driven by a 1.66pc jump in Japan's Nikkei, which rebounded strongly following its plunge from a 33-year high in the previous session.On Wall Street, gains were led by the tech-heavy Nasdaq, which surged 1.27pc. The broader S&P 500 rose 0.62pc. E-mini US equity futures in Asia pointed to about a 0.1pc lower restart for each of the indexes.
Still, some analysts point to surprise rate increases at the Bank of Canada and Reserve Bank of Australia this week as reasons not to be complacent. "I can't imagine he'd be happy by the increase in core PCE inflation, nor the robust gain in non-farm payrolls." The US dollar index, which measures the currency against a basket of six major peers, was little changed at 103.34, sticking close to the more than two-week low of 103.29 reached on Thursday.The euro was flat at $1.0784, just below Thursday's two-week high of $1.0787.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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