Thursday, 8 December 2016

Asia shares at one-month peak, bonds bet on ECB support Click here and watch out the best Share and Stock Market recommendations or One missed call on @9303093093

Asian shares hopped higher on Thursday after Wall Street strode to new records and bonds rallied on wagers the European Central Bank would extend its asset buying campaign at a policy meeting later in the session. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.8 percent to a one-month top, while Australia jumped 1.3 percent helped by rising resource prices. Japan's Nikkei put on 1 percent, brushing off a disappointing downward revision to economic growth for the third quarter. 

Sentiment also seemed little troubled after Moody's changed its outlook on Italy to negative, warning it may downgrade the credit rating if the country's deteriorating economic and debt outlook was not reversed. The euro took the news relatively well, easing just a touch to USD 1.0756, from a top of USD 1.7068.

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