GOOD MORNING FRIENDS >>>>>> @@@@ IMPORTANT DATA AND EVENTS TO WATCH @@@@ AUG 11th MARKETS NOW: Asian stocks rose in early trade on Monday after Wall Street rallied with the latest round of tensions in Ukraine easing for now, although simmering tensions in other geopolitical hotspots such as Iraq limited gains. Wall Street surged on Friday after Russias defence ministry said it had finished military exercises in southern Russia, which the United States had criticized as a provocative step amid the Ukraine crisis. MSCIs broadest index of Asia-Pacific shares outside Japan was up 0.3 percent after shedding 0.9 percent on Friday. Tokyos Nikkei rose 1.5 percent, helped as the yens sharp rally against the dollar on Friday was reversed. The index had lost 3 percent on Friday. Asian stock markets were unable to fully pare Fridays losses, with investors wary of piling back into risk assets as the situation in Iraq was marked by an increasing death toll and new U.S. air strikes. In commodities, Brent crude oil extended losses after falling Friday as the U.S. air strikes in Iraq were perceived to lower risk of supply disruptions from OPECs second-largest producer. Brent crude dipped 12 cents to $104.90 a barrel.
Posted on: Mon, 11 Aug 2014 00:39:57 +0000
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