Cautious Fed lifts asian stocks to record high, investors eye earnings lift

Cautious Fed lifts asian stocks to record high, investors eye earnings lift

Friday, July 14, 2017


Epic Research Update : Asian Markets
Global stocks scaled record highs on Friday, with Asian equities rising for the fifth straight session, as signs the Federal Reserve will pursue a gradual rate tightening path and hopes of a strong earnings season lifted appetite for risk assets.

MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.25 percent to its highest level in two years. It’s set for a 3.2 percent gain for the week.

Japan’s Nikkei added 0.2 percent, poised for a weekly rise of 1.05 percent.

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