TOKYO (Reuters) - Asian shares held firm and the euro stayed under
pressure on Wednesday as investors counted on the European Central Bank
to unveil a stimulus drive, while the yen was subdued ahead of the Bank
of Japan's policy announcement later in the Asian day.
MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) rose 0.2 percent, although Japan's Nikkei (N225) slipped 0.4 percent from a two-week closing high hit on Tuesday after heavy gains in the previous two sessions.
Global share prices have been supported in recent sessions on growing investor conviction that the ECB will adopt quantitative easing at its meeting on Thursday.
The FTSEurofirst 300 (FTEU3) index of top European shares climbed to a seven-year high on Tuesday, led by German shares, which hit record highs.
The euro was soft at $1.1545 <EUR/USD>, having fallen from above $1.16 touched on Tuesday to get closer to an 11-year trough of $1.14595 set last week.
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MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) rose 0.2 percent, although Japan's Nikkei (N225) slipped 0.4 percent from a two-week closing high hit on Tuesday after heavy gains in the previous two sessions.
Global share prices have been supported in recent sessions on growing investor conviction that the ECB will adopt quantitative easing at its meeting on Thursday.
The FTSEurofirst 300 (FTEU3) index of top European shares climbed to a seven-year high on Tuesday, led by German shares, which hit record highs.
The euro was soft at $1.1545 <EUR/USD>, having fallen from above $1.16 touched on Tuesday to get closer to an 11-year trough of $1.14595 set last week.
Read more Click Here / www.trade4x.net
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