Asia stocks up on solid U.S. data, gold hit by stimulus taper fears

Asia stocks up on solid U.S. data, gold hit by stimulus taper fears
 

Asian shares firmed on Thursday thanks to stronger U.S. economic data, while growing prospects of a near-term U.S. rate hike and possible tapering of stimulus in Europe hit gold and lifted the dollar to one-month highs versus the yen.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent while Japan's Nikkei gained 0.5 percent.
Modest gains are expected in European markets, with spreadbetters calling a 0.1 percent increase in Britain's FTSE and 0.2 percent each in Germany's DAX and France's CAC.
On Wednesday, U.S. S&P 500 Index gained 0.43 percent, led by banks and... read more

 
6 October 2016 in Business, Views: 42
Source: Reuters
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