Asian shares climb as U.S. yields ease, China signals economic support
Published by
Reuters UK

By Stella Qiu and Alun John BEIJING (Reuters) – Asian shares tracked Wall Street higher on Thursday, while U.S. Treasury yields eased and the dollar retreated, as the latest U.S. data raised hopes that inflation may be close to peaking, though several major central banks raised rates aggressively. Traders were waiting for a European Central Bank meeting later in the day to see if it was as hawkish as others have been. Share market sentiment received a boost from China’s announcement late on Wednesday that authorities should cut banks’ reserve requirement ratios (RRR) soon to support an economy…

Read More

Recent POSTS

advertisement

ADVERTISEMENT