Asian stocks, euro ease on profit-takingSINGAPORE, July 28 (Reuters) - The euro slipped from 11-week highs and Asian stocks marked time as a recent rally lost steam after a drop in U.S. consumer confidence, while the Australian dollar fell on a sharp slowdown in inflation.
"There will be a few bumps along the way, but the market still has upward momentum. Risk appetite is improving and the optimism is palpable," said Suh Dong-pil, a market analyst at Hana Daetoo Securities.
World stocks hit 2-1/2 mth peak; euro near high
LONDON, July 27 (Reuters) - World stocks hit a 2-1/2 month high while the euro held near a two-month peak versus the dollar as upbeat results from Swiss bank UBS added to a recent run of strong corporate earnings.
"Expectations are rising for earnings. Companies are guiding full-year forecasts up in spite of concerns about a loss of recovery momentum ... and that is helping to keep these markets reasonably firm," said Mike Lenhoff, chief strategist at Brewin Dolphin.
No comments:
Post a Comment