The Traderszone Network

Published in TZ Latest News 3 July, 2014 by The TZ Newswire Staff

Asian stocks hit three-year peak on upbeat U.S. data

Asian shares rose to a three-year peak on Friday, though the dollar inched away from overnight highs hit on U.S. jobs data which underscored the strength of the economic recovery. “Given the strong gains seen already this week, and the absence of U.S. markets for the 4th July Independence Day long weekend, it seems likely that we will probably see a fairly quiet end to what has been a very positive week, with European markets set to open pretty much where they finished off yesterday,” said CMC Markets senior analyst Michael Hewson in a note to clients.