Asian stocks and RBA’s rate cut
Publish Date : 2019/10/01 - 06:24

Asian shares cheered the Wall Street gains and RBA’s rate cut, while they ignored Chinese week-long holidays.

Dow Jones, S&P500, and NASDAQ close the September on a positive range while expecting an upbeat start of the US-China trade talks, mostly during October 10-11.

The stocks benefited from China’s activity data on trade acts with US while market was influenced by fears of US President Donald Trump’s impeachment.

A 0.25% rate cut from the Reserve Bank of Australia (RBA) recently was the most important data in today’s economic calendar.

With this, MSCI’s index of Asian Pacific shares outside Japan flashes more than 0.2% gain while Japan’s NIKKEI offers 0.70% profits.

Australia’s ASX 200 remains 0.30% on the positive side while New Zealand’s NZX 50 rises close to 0.70% by the press time.

Source: Fxstreet

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