Asian stocks mostly edged up on Thursday after a significant rebound in oil and copper prices brought a semblance of calm, while the dollar regained ground lost on disappointing U.S. retail sales. Indian stocks rallied after the Reserve Bank of India yielded to signs of slowing inflation and delivered a surprise interest rate cut. Equity gains in much of the region were less spectacular as global growth worries lingered after weak U.S. retail sales compounded concerns over an earlier plunge in copper prices. MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent.
Published in TZ Latest News 14 January, 2015 by The TZ Newswire Staff
Asia shares rise after commodities rebound, dollar regains ground
Published in TZ Latest News 14 January, 2015 by The TZ Newswire Staff
Asia shares rise after commodities rebound, dollar regains ground
Asian stocks mostly edged up on Thursday after a significant rebound in oil and copper prices brought a semblance of calm, while the dollar regained ground lost on disappointing U.S. retail sales. Indian stocks rallied after the Reserve Bank of India yielded to signs of slowing inflation and delivered a surprise interest rate cut. Equity gains in much of the region were less spectacular as global growth worries lingered after weak U.S. retail sales compounded concerns over an earlier plunge in copper prices. MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent.