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Showing posts from July 4, 2016

Bloomberg View - July 4, 2016: Brexit is a Lehman Moment for European Banks

www.bloomberg.com

Asian Markets at Close Report on July 4, 2016: Asian Stocks Gain as Focus Turns From Brexit to Central Bank Easing

WWW.MARKETWATCH.COM Shares in Asia rose Monday as investors bet that global central banks would introduce easing measures to encourage economic growth. Japan’s Nikkei Stock Average  NIK,  +0.60%   ended 0.6% higher at 15,775.80, Australia’s S&P/ASX 200  XJO,  +0.67%   rose 0.7% to 5,281.80, and Korea’s Kospi SEU,  +0.40%   gained 0.4% to 1,995.30. Hong Kong’s Hang Seng Index  HSI,  +1.27%  rallied 1.3% to 21,059.20, and China’s Shanghai Composite Index  SHCOMP,  +1.91%  gained 1.9% to 2,988.60. Investors across the region were buying stocks in the hopes that central banks, in particular the Bank of Japan, would soon loosen policies by cutting interest rates or expanding asset-buying programs, said Gavin Parry, managing director of Parry International Trading. Such policies would be “equity positive,” he added, as corporate borrowing costs become lower when liquidity enters the financial system. Investor hopes for looser monetary policies were fully apparent in China