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Asian stocks set to rise as drug trials, data press Wall Street greater

Byindianadmin

Jun 17, 2020 #higher, #Street
Asian stocks set to rise as drug trials, data press Wall Street greater

WASHINGTON (Reuters) – Asian stocks were set to climb on Wednesday after another late Wall Street surge in action to positive trial results for a COVID-19 treatment and data showing U.S. customers spent huge in Might.

SUBMIT IMAGE: A male wearing a protective face mask, following the coronavirus disease (COVID-19) outbreak, is silhouetted in front of a stock quote board outside a brokerage in Tokyo, Japan, June 15,2020 REUTERS/Kim Kyung-Hoon

The prospects of fresh support from the Federal Reserve and Bank of Japan also supported global equity markets.

” It was a trifecta of positives today,” said Jeffrey Carbone, a partner at North Carolina-based Cornerstone Wealth, referring to the U.S. information, drug trials and reserve bank promises.

The upbeat belief weighed of U.S. Treasuries and supported need for lower-rated southern European debt. Not everybody was in the mood for danger, nevertheless, with safe-have gold pressed greater on news of a fresh coronavirus outbreak in China.[GOL/]

” We got potentially more favorable news in the

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