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Easing Hopes Prop Up Global Stocks, Pound Sags as Britain Eyes New PM


Tuesday, 23 July 2019 08:38 WIB

Saham Asia Indeks MSCI Asia Pasifik


Expectations of policy easing by major central banks such as the Federal Reserve propped up global stocks on Tuesday, while the pound sagged as Britain braced for a new prime minister who could pave the way for a no-deal exit from the European Union.

MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.02%.

Japan’s Nikkei rose 0.25%.

Australian stocks added 0.15% and South Korea’s KOSPI gained 0.2%.

The S&P 500 edged up toward a record high overnight, supported by expectations that the Federal Reserve would cut interest rates at its July 30-31 policy meeting.[.N]

European stocks had also nudged higher on Monday with the European Central Bank seen cutting rates by 10 basis points on Thursday.

Source : Reuters


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