Friday, 5 August 2016

Asian Market Update : Epic Research Malaysia

Asian stocks rose amid a surge in government debt after the Bank of England's policy easing soothed concern over the impact of the Brexit vote and as oil held above US$41 a barrel. The dollar meandered ahead of US jobs data.

Consumer and energy stocks drove equity gains, paring the Asian benchmark's first weekly drop in about a month. Yields on 10-year Australian and Japanese debt sank at least two basis points, as the notes joined a rally in bonds globally.

The yen was little changed for a second day against the dollar, while some high-yielding currencies gained. US crude was headed for its first weekly advance in three weeks amid easing concern over a glut.

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