Asia Pacific
share market closed higher in tepid trade on Thursday, 22 January 2015,
as investors awaited a European Central Bank (ECB) meeting decision
today at which investors expect President Mario Draghi to announce
quantitative easing (QE) strategy.
There is speculation in the markets that ECB would likely announce a new round of QE measures including government bond purchases after a policy meeting later in the global day to revive euro-zone economy. Over the past week, the consensus was that the worth of the program would be around 500 billion euro. Yet, there have been heightening speculations that the central bank would propose spending of 50 billion euro a month, through December 2016, on bond buying.
Among Asian bourses
Australia market extends gain on ECB hopes
Headline equities of the Australian market modestly higher, with the S&P/ASX 200 gaining 0.5%, on the top of its 1.6% rally a day earlier, on growing expectation of fresh monetary easing from the European Central Bank later in the global day.
Shares of energy companies advanced the most in Sydney market, on the back of sizeable advance for crude-oil futures overnight. Australia's biggest oil producer Woodside Petroleum climbed up 3.1% to A$33.62. Origin Energy grew 1.3% to A$10.53 and Santos jumped 1.2% to A$7.42.
Read more Click here / www.trade4x.net
There is speculation in the markets that ECB would likely announce a new round of QE measures including government bond purchases after a policy meeting later in the global day to revive euro-zone economy. Over the past week, the consensus was that the worth of the program would be around 500 billion euro. Yet, there have been heightening speculations that the central bank would propose spending of 50 billion euro a month, through December 2016, on bond buying.
Among Asian bourses
Australia market extends gain on ECB hopes
Headline equities of the Australian market modestly higher, with the S&P/ASX 200 gaining 0.5%, on the top of its 1.6% rally a day earlier, on growing expectation of fresh monetary easing from the European Central Bank later in the global day.
Shares of energy companies advanced the most in Sydney market, on the back of sizeable advance for crude-oil futures overnight. Australia's biggest oil producer Woodside Petroleum climbed up 3.1% to A$33.62. Origin Energy grew 1.3% to A$10.53 and Santos jumped 1.2% to A$7.42.
Read more Click here / www.trade4x.net
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