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Asian shares count new seven-month highs; heavy supply raises oil from Reuters



© Reuters. FILE PHOTO: One can see an electronic board indicating stock information on the first trading day of the Swine Year at a Hangzhou brokerage house in 1967

by Andrew Gallbright

Shanghai (Reuters) on the world's seven-month highs on Wednesday after investors welcomed signs of progress in US-China trade talks and lively economic data as oil approached the key value of $ 70 a barrel.

MSCI's broadest Asia-Pacific Share Index outside Japan climbed 0.8% on Wednesday afternoon in Asia, after it reached its highest level since the end of August.

The index rose more than 3 percent since Thursday after reports of progress in trade talks between the United States and China and soothing data on Chinese and US factories

Orldwide profits for Orldwide stock markets also pushed the key gauge of MSCI's global stocks up to a six-month high. The global index rose by more than 0.2% on Wednesday. "

However, analysts struggle to point out a clear catalyst for the expanded rally in shares."

"I think there is a trend in markets sometimes just wanting to be positive unless you hit them repeatedly not only with bad news, but also with new bad news, "said Rob Canel, chief economist and head of the Asia-Pacific research at ING in Singapore. perhaps the absence of new negatives is enough to allow a little sense of positivity to slip in, "he said.

Australian stocks rose 0.7 percent and Japan's index added 1

percent. were 0.5% higher after a preliminary start, while Hong Kong added 0.9%.

On Tuesday, the decline of 0.3% to 26,179.13 points, the level and the added 0.25% to 7,848.69, such a strong growth is not surprising that the rally rally little stopped, "said Greg McKenna, a strategist at McKenna Macro, on a morning note to customers.

The Benchmark brought 2.5044%, on Wed with nearly 2.479% on Tuesday, and the two-year yield reached 2.3247% compared with US closing at 2.308%. -Months peak against concerns about supply, rising to 0.72% to $ 69.87 a barrel, the highest November and close to the psychologically significant $ 70 a barrel

This was the last with 0.52% to $ 69.73, US crude oil in Western Texas rose 0.37% to 62.81 dollars a barrel.

News that the United States is considering more sanctions against Iran, the fourth-largest producer in the Organization of Petroleum Exporting Countries (OPEC), and stopping production of a crude terminal in Venezuela has threatened to shrink supplies and raise oil prices on Tuesday [Inthecurrencymarketsthepoundwasabout01percenthigherat$13139afterBritishPrimeMinisterTeresaMaysaidshewouldseekanotherdelayonBrexittodevelopadivorcedealwithTheEuropeanUnionwiththeoppositionleaderinthefieldoflaborJaramiCorbinyento11138whiletheeuroadded018%tobuy$11222

The trader, who traces green money against a basket of six main competitors, declined by 0.19% to 97,176.

Cryptocurrency bitcoin h rose 18.7% on Tuesday after a large order from an anonymous buyer, increasing its profit by another 1.2% to $ 4,958.98.

grew by 0.05% to trade at levels of $ 1,293.38 per troy ounce. [GOL/]


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