Asian stocks
posted their biggest daily rise in a month on Monday following modest
gains in U.S. shares, though the greenback came under renewed pressure
as Washington's political turmoil undermines confidence in U.S. economic
policy.
With U.S.
President Donald Trump touring in the Middle East and Europe and no
major economic indicators due this week, investors are hoping for a week
of consolidation after a flurry of U.S. political controversies rattled
markets.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS climbed 0.9 percent on Monday helped by gains in Australia and Hong Kong stocks despite fresh curbs unveiled by regulators on the property markets in the latter.
European stocks are set to follow in Asia's wake with key indices set to edge higher in opening trades. FFIc1. Stock index futures .ESc1 were mildly higher in Asia.
Chinese stocks were the only laggards in the region with mainland indices .SSEC .SZSC in negative territory as concerns over renewed economic slowdown and overbearing regulation to curb broad financial risks weighed on sentiment.
The bounce in Asian stocks has been the best performance since April. 25 and has notched up gains of more than 17 percent for the MSCI emerging stocks index compared to 8 percent for the world index - even as some investors grew wary of the outlook.
U.S. stocks ended up on Friday but closed below their session highs on renewed concerns about Trump's presidency, following two new media reports of possible coordination between Russia and his election campaign.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS climbed 0.9 percent on Monday helped by gains in Australia and Hong Kong stocks despite fresh curbs unveiled by regulators on the property markets in the latter.
European stocks are set to follow in Asia's wake with key indices set to edge higher in opening trades. FFIc1. Stock index futures .ESc1 were mildly higher in Asia.
Chinese stocks were the only laggards in the region with mainland indices .SSEC .SZSC in negative territory as concerns over renewed economic slowdown and overbearing regulation to curb broad financial risks weighed on sentiment.
The bounce in Asian stocks has been the best performance since April. 25 and has notched up gains of more than 17 percent for the MSCI emerging stocks index compared to 8 percent for the world index - even as some investors grew wary of the outlook.
U.S. stocks ended up on Friday but closed below their session highs on renewed concerns about Trump's presidency, following two new media reports of possible coordination between Russia and his election campaign.
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