20 Jun Odilia Business Advisors – Morning Report
Odilia Business Advisors
20 June 2017
Japan’s Nikkei rose more than 1 percent to hit a near two-year high on Tuesday following a rebound in U.S. hi-tech shares as investors bet on solid growth in the economy and corporate profits globally.
A big focus for Asia is whether index provider MSCI will later in the day open up its Emerging Markets Index to Chinese mainland shares which have restricted access for foreign investors.
Many investors expect the so-called A shares that make up the majority of China’s stock market are likely to be included after being rejected on three previous occasions.
The 10-year U.S. Treasuries yield edged up to 2.191 percent from seven-month low of 2.103 percent touched on Wednesday following surprisingly weak U.S. inflation data.
People’s Bank of China (PBOC) set the Yuan reference rate at 6.8096 vs. Monday’s fix of 6.7972.
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