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Asian markets lift as Britain gets new PM, Japan gets stimulus and US outlook brightens

Discussion in 'Market News' started by Lily, Jul 13, 2016.

  1. Lily

    Lily Forum Member

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    Yen falls as investors regain appetite for risk and turn back to equities, while pound rallies and key index suggests broad recovery in world’s stock markets

    Asian shares came within reach of testing their 2016 peak on Wednesday as solid US growth prospects and the anointing of a new prime minister in Britain appeared to fuel a recovery in investors’ risk appetite after the uncertainty caused by Brexit.

    A rebound in equity markets led investors to reduce their holdings of safe-haven assets like Japan’s yen, which had surged in the aftermath of Britain’s shock vote to leave the European Union.

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