InvestorsHub Logo
Followers 1113
Posts 118426
Boards Moderated 3
Alias Born 03/27/2007

Re: None

Monday, 05/20/2024 6:30:24 AM

Monday, May 20, 2024 6:30:24 AM

Post# of 364379
Asian stock markets moved higher, following on from Friday's historic close for the Dow Jones, which settled above the 40K mark for the first time. The MSCI Asia Pacific index lifted for a seventh consecutive day, with rate cut hopes adding support. China's additional program for the beleaguered property sector (announced on Friday) also helped, and European and U.S. futures are also posting gains. Trading in Europe is likely to be quieter than usual, with public holidays in some countries - including Germany and France. EGBs are slightly lower, though and the Treasury yield little changed, after yields nudged higher across Asia overnight. The DXY dollar index is at 104.455 and the front end WTI contract is trading at USD 80.35 per barrel.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.