Asian stock traders can cheer up for a while as Asian shares edged up todayUpdated time: 24 Jan, 2022, 14:32 (UTC+04:00)
Asian stock traders can cheer up for a while as Asian shares edged up today, due to the positive October payrolls report.
#MSCI’s broadest index of Asia Pacific shares outside Japan increased 0.1% while Japan’s #Nikkei climbed 0.3%
Thailand’s central banks trust in the Fed to stabilize the policy rate of 0.5% until at least the 1st half of 2023.
Aside from stocks, traders can change the expectation to oil and bitcoin rather than currencies. In that time, we’ll wait for recovery of the U.S indexes.
#Bitcoin traders wait for more confirmation before planning next steps, as there’s a mix between bullish and bearish signals.
#Oil prices rose further after OPEC+ resisted President Joe Biden’s pressure to boost more supplies by keeping a modest amount of 400,000 barrels/day.
The U.S #dollar index was roughly in the top half range of 94.290
#Nashdaq seems to be looking over extended after being 0.2% today, after 10 straight sessions of gains.
#S&P 500 dipped 0.1%.
#Sterling just slightly bounced to hold at $1.3487 after walloping when the Bank of England kept steady rates last week.
#AUD/USD struggled to make headway in early trade.
The Chinese #yuan was weaker at 6.3951 per #dollar.
Also, Britain announced at the #COP26 meeting about the funding of $391 million to support Asia-Pacific countries in the global warming crisis. However, the money is aimed at cutting emissions while people in those countries indeed, expect more money to adapt to higher temperatures.