Key Points
SYDNEY (Reuters) Asian shares tracked Wall Street higher on Wednesday as U.S. rate cut fever lingered near the years end, while oil held onto gains from the past two days after attacks by Houthi militants on ships in the Red Sea disrupted maritime trade...
Meanwhile, the yen nursed losses at a one-week trough and Japanese yields extended declines after the Bank of Japan held its policy steady and gave no sign on when it may end negative interest rates, further aiding risk appetite...
MSCIs broadest index of Asia-Pacific shares outside Japan rose 0.6%, aided by a 1.2% jump in Hong Kong stocks, a 0.5% rise in Australias resources-heavy shares and a 1% jump in South Korea.. Japans Nikkei surged 1.6% to the highest in about one month, building on gains from Tuesday..
Analysts at JPMorgan expect a more challenging macro backdrop for share markets next year as the recent disinflationary trend should become a major headwind for corporate margins, adding that they favour cash and bonds...
A reduction in commodity product crossings of Suez may drive a bifurcation in oil, refined oil and other commodities between Asian and Atlantic basin markets, and potentially more volatility in prices, said Chris Rogers, head of supply chain research at S&P...
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