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Asian stocks scale new seven-month highs; The rigorous supply raises oil from Reuters




© Reuters. PHOTO PHOTO: The man is seen in front of an electronic board that shows information on shares on the first day of trade in Swine's house in a Hangzhou brokerage house

Posted by Andrew Galbraith

SHANGHAI (Reuters) on a seven-month high on Wednesday, when investors cheered signs progress in US-China trade talks and rapid economic data, and oil has approached key $ 70 a barrel.

Asia's largest non-Japan equity index rose 0.8% on Wednesday in Asia after it had previously touched its highest level since late August.

The index increased more than 3% on Thursday after reports of progress in trade negotiations between the United States and China, as well as assuring data on the activities of the factory from China and the US

The mileage gains for stock markets in the orldwide also pushed MSCI Key Meter global shares up to a six-month high. The global index rose by more than 0.2% on Wednesday.

Nevertheless, analysts have tried to point out a clear catalyst for an expanded campaign in shares.

"I think that markets sometimes tend to be positive, unless you fall into them repeatedly, and not only with bad news, but with new bad news," said Rob Carnell, Chief Economist and Head of Asia-Pacific Studies at ING in Singapore.

"There was a lot of bad news there, perhaps the lack of new negatives is enough to allow a small sense of positivity to creep," he said.

Australian stocks rose by 0.7%, and Japan's stock index added 1

%, Chinese blue chips were 0.5 percent higher after the previous start, while Hong Kong added 0.9 percent.

On Tuesday, a drop of 0.3 percent to 26,179.13 points was equal to 0.25 percent to 7,848.69. Such a strong upturn is not surprising that the risk rally got a bit deadlocked, "said Greg McKenna , McKenna Macro strategist, in a morning message to clients.

But after a brief consolidation in risk-taking, the profitability of the US Treasury Department

Benchmark was 2.5044 percent, compared with the United States closing on Tuesday at 2.479%, and the two-year yield hit 2.3247% compared with the US closing 2.308%

-may highs against concerns about the offer, with an increase of 0.72 percent to $ 69.87 per barrel, the highest since November and almost psychologically important level of $ 70 per barrel.

It was 0.52% to $ 69.73. Oil in the US (West Texas Intermediate, WTI) rose 0.37% to $ 62.81 a barrel.

News that the United States is considering more sanctions against Iran, the fourth largest producer in the Organization of Petroleum Exporting Countries (OPEC), and the cessation of production at an oil terminal in Venezuela threatened to lower supply and pushed oil prices on Tuesday

[19659004] In the currency markets, the pound was about 0.1 percent higher at $ 1,3139, regaining its position after British Prime Minister Teresa May announced he would look for another delay to Brexit to produce divorce agreement with European Co Together with the opposition Labor leader Jeremy Corbyn. Yen to 111.38 and the euro added 0.18% to buy $ 1.1222.

The one who tracks the dollar against the basket of the six main competitors, pounding 0.19% to 97.176.

Bitcoin, which h grew by 18.7% on Tuesday after a major order from an anonymous buyer, increasing its profits by another 1.2% to $ 4,958.98

an increase of 0.05% to trade at $ 1,293.38 per ounce. [GOL/]


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