Mon, 7 July
26.1 C
Yerevan
USD: 384.26 RUB: 4.88 EUR: 452.58 GEL: 141.37 GBP: 524.44

Asian stocks rise on earnings before fed meeting ends: Bloomberg

YEREVAN, October 30. /ARKA/. Asian stocks rose, driving the regional benchmark index toward the biggest back-to-back monthly advance since February 2012, after profit climbed at Daiwa Securities Group Inc. (8601) and China Petroleum & Chemical Corp.

Daiwa, Japan’s second-largest brokerage, advanced 3.8 percent. FKP Property Group gained 4 percent after a shareholder sold shares in the Australian real-estate firm for a higher price than yesterday’s close. China Petroleum & Chemical, known as Sinopec, climbed 2 percent in Hong Kong after third-quarter profit surged 20 percent, beating estimates.

The MSCI Asia Pacific Index gained 0.6 percent to 142.93 as of 3:22 p.m. in Tokyo, with all 10 industry groups on the gauge climbing. The Federal Reserve will maintain its $85 billion-a-month in bond purchases when it concludes a two-day policy meeting today, according to economists’ forecasts.

“Company earnings will grow,” said Wellian Wiranto, a Singapore-based investment strategist at the wealth-management unit of Barclays Plc, which oversees about $217 billion worldwide.

“Asian companies will benefit from the region’s robust medium-term economic growth. The Fed is likely to wait until at least March next year before embarking on that journey, leaving more breathing space for global markets.” –0—

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenian parliament approves annual report on execution of 2024 state budget

At a session on Thursday, the National Assembly of Armenia approved the annual report on the execution of the 2024 state budget.

Market capitalization increased by 39% in April over the year, exceeding AMD 462 billion – Armenian Stock Exchange

Stock market capitalization increased by 39% in April over the year, exceeding AMD 462 billion, the press service of the Armenia Securities Exchange (AMX) reported.

Central Bank of Armenia considering introducing long-term mechanisms for insurance against fraud

The Central Bank of Armenia is considering the possibility of introducing mechanisms for insurance against fraud.

Armenia’s Total Public Debt grows to over $13 Billion

Armenia's total public debt as of February 28, 2025 amounted to $13,027.848 million, an increase of $140.853 million compared to January 31, 2025, the National Statistical Committee reported.

LATEST NEWS

spot_imgspot_imgspot_img