The ASX 200 made a major milestone today. The index moved above the important psychological level of $6,000 as investors reacted to the positive emergence of the economy. By gaining about 40 basis points, the index outperformed its New Zealand counterpart. Shares in the big four banks rose sharply after UBS issues an upgrade on two.
The ASX 200 index added more than 90 points today as investors continued to cheer the ongoing recovery of the economy. This was the fourth straight day of gains for the blue-chip Australian bourse. At the same time, the ten-year government bond fund yield rose above 1% for the first time since March.
The ASX 200 index rallied for the fifth straight day as investors remained optimistic about the recovery. The index, which exited a bear market yesterday, is trading at $5,865. It also ignored the growing risks between the United States and China.
Asian markets trading higher on new stimulus from China and after in Japan Prime Minister Abe lifted the restrictions for the entire nation
Asian markets consolidate for the second time to recent highs amid mixed signals from global economies. The excess liquidity pumped by central banks around the globe helps stocks
Asian stocks are trading higher on positive results from the coronavirus vaccine, and expectations for further relief packages from Bank of England, Fed and Europe.
ASX 200 and Asian markets declined mirroring Wall Street after the warning from Federal Reserve Chairman Jerome Powell that the outlook is uncertain and subject to significant downside risks,