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- Asian stocks nudged higher after S&P 500 record
Asian stocks nudged higher after S&P 500 record
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Loading...Stocks in Asia look set to climb after the S&P 500 Index reached a record, with a continuing rebound in oil likely to buoy energy producers. The New Zealand dollar declined after the nation’s central bank said inflation will slow.
Equity-index futures in Japan, Australia and Hong Kong all rose. The S&P 500 Index edged higher to claim a second closing record this week, as markets looked past President Donald Trump’s firing of FBI Director James Comey. Crude surged almost 4 percent. The greenback slipped Wednesday for the first drop in three days as Federal Reserve Bank of Dallas President Robert Kaplan cast doubt on the pace of rate increases. Snap Inc. shares tumbled in after-hours trading after the social network added fewer users than forecast.
Corporate earnings and positive data on the U.S. economy have buoyed sentiment about global growth. While profit reports have largely topped estimates, Toyota Motor Corp. dented optimism after forecasting a second straight annual decline in profit. New York Fed President William Dudley will give a speech in Mumbai, a chance for investors to assess future U.S. monetary policy.
Source: Bloomberg
Jr Trader Alexander Kumanov
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