Asia Stocks Seen Higher, Bonds Slide on U.S. Data: Markets Wrap
Stocks in Asia looked set for gains after a strong session on Wall Street as a slew of data bolstered confidence in the American economy. Treasuries tumbled. Futures ticked higher in Japan, Hong Kong and Australia. The S&P 500 advanced over 1% as trade hostilities appeared to ease between the U.S. and China. Strong private payrolls data and a better-than-expected reading on the services sector tamped down recession angst. Yields on Treasuries jumped amid a deluge of investment-grade corporate supply. The dollar edged lower. READ MORE – AS ASIA MARKET PREPARES TO RALLY
- Prices consolidates for an upward movement
- RSI shows strong sign of upward direction
- Inflation in Philippines have also come down.
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