Asian equities gain on speculation China and U.S. extend stimulus programmes

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Source: Bloomberg
Asian stocks showed positive performance as the MSCI Asia Pacific Index was up by 1% to 120.47 in the middle of Tokyo trading session. Today's trading extended gain of last four days and that was the longest winning period since July. Markets moved up after the ECB positive decision on unlimited bond-buying plan and continue to gain on speculation that China's and U.S. policy makers will take additional monetary easing measures to boost economies.
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Wed, 12 Sep 2012 07:29:48 GMT

Aussie and Kiwi gain on stimulus expectations

Australian currency reached a three-week high as belief the U.S. and China will step up efforts to support world's largest economies fueled demand for riskier assets. The Aussie advanced 0.3% to $1.0470, after hitting $1.0480, the highest since Aug.23. It gained 0.5% to 81.52 Yen. Meanwhile, New Zealand's Dollar rose 0.3% to 82 U.S. cents and 0.5% to 63.85 Yen.

Wed, 12 Sep 2012 08:35:48 GMT

Loonie advances before Fed's policy meeting

The Canadian Dollar rose to a 13-month high against the U.S. peer amid optimism measures taken by policymakers in Europe and the U.S. will reduce volatility. The Loonie strengthened for a fourth straight day ahead of policy meeting of the Fed. Canada's currency gained 0.5% to 97.30 cents per U.S. Dollar. One Canada's Dollar buys $1.02775.  

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