Asian stocks higher, following Wall Street rally

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Source: CNBC
The equity markets in Asia posted gains on Thursday, as a sharp rebound on Wall Street eased fears of prolonged global market rout. In China the Shanghai Composite Index jumped 5.40%, after crashing to a 23% loss over the past five sessions. Elsewhere, the Nikkei was up 1.08%, Australia's S&P ASX gained 1.17%, while South Korea's Kospi advanced 0.73% and Hong Kong's Hang Seng rose 2.98%. 
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Thu, 27 Aug 2015 10:53:08 GMT

Euro erases gains against Greenback ahead of US data

The shared currency failed to hold early gains versus the US Dollar on Thursday, as the Greenback strengthened across the board, following traders' positive expectations from fresh US data due today. EUR/USD edged 0.06% lower at $1.1307 by 07:59 AM GMT after reaching the session high of $1.3630. Meanwhile, the US GDP report later in the day is expected to

Thu, 27 Aug 2015 07:46:03 GMT

Oil rises on weaker Greenback

Crude futures climbed on Thursday amid declining US stockpiles and a weakening Greenback, however the US oil benchmark still holds below the psychological $40 level. Contracts for Brent rose 2.82% to $44.35 per barrel, while WTI futures jumped 2.90% to $39.72 per barrel by 06:57 AM GMT. The bullish sentiment was also supported by the recovery in Asian stock markets

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