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Thursday, 07 February 2019 11:00

Asian shares inch up to four-month highs

Asian shares inch up to four-month highs

Asian share markets edged up to four-month highs on Thursday with Australian equities the star performer while the New Zealand dollar sank after disappointing jobs data prompted investors to narrow the odds of a future rate cut, Caspian Energy News (www.caspianenergy.net) reports with reference to Reuters.

MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.2 percent, rising to its highest since early October after ending almost unchanged on Wednesday.

The index has risen steadily since early January as the U.S. Federal Reserve changed its tune on policy for further rate rises.

Australia’s benchmark stock index jumped 1.2 percent amid expectations of easy monetary policy after the country’s central bank chief shifted away from his previous tightening bias.

Japan’s Nikkei slipped 0.7 percent.

E-Mini futures for the S&P 500 as well as Dow minis were both off 0.2 percent.

The next major trigger for markets will be any breakthrough in the U.S.-Sino tariff talks when the two sides meet in Beijing next week.

More details: https://www.reuters.com/article/us-global-markets/asian-shares-inch-up-to-four-month-highs-nz-takes-a-dive-idUSKCN1PW02P

Person in charge of the newsline: Olga Nagiyeva 

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