Asian Stocks to Rise After US Gains, China Support: Markets Wrap
Asian stocks rose after China took steps to shore up its property market and US equities climbed to a fresh record on Friday thanks to resilient corporate earnings.
Asian stocks rose after China took steps to shore up its property market and US equities climbed to a fresh record on Friday thanks to resilient corporate earnings.
Chinese banks left their benchmark lending rates unchanged following the central bank’s decision last week to hold a key rate on loans it offers to lenders.
Oil steadied after a weekly gain as geopolitical risks in Russia and the Middle East came back into focus following attacks over the weekend.
Gold notched a fresh all-time high, as investor demand soared across the broader metals complex amid increasing optimism the US will cut rates this year.
Australian Prime Minister Anthony Albanese’s personal approval rating climbed and support for his government improved after last week’s budget, even as economists warned the spending measures could exacerbate inflationary pressures.
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