Strong fundamentals support Asian Shares, Euro, yields up after ECB comments

Strong fundamentals support Asian Shares, Euro, yields up after ECB comments

Thursday, June 07, 2018

Asian Market 1

Asian shares rose to 2 1/2-month high on Thursday, supported by strong economic fundamentals, while expectations the European Central Bank could start to wind down its stimulus boosted the euro and global bond yields.

MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent to extend its gains, hitting a 2-1/2 month high for a second straight day.Japan’s Nikkei average rose 0.7 percent to 22790.68 in early trade.

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