Post by Logan on Jan 24, 2016 20:21:50 GMT -6
Asian stocks gained early on Monday, relieved after seeing Wall Street rally overnight on the back of a sharp rise in crude oil prices.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS nudged up 0.2 percent, putting further distance between a four-year low plumbed last week. Australian shares were up 1 percent.
The S&P 500 .SPX rose 2 percent and the Dow .DJI added 1.3 percent Friday as a cold snap in North America and Europe caused a rally in oil prices. The S&P energy sector .SPNY surged 4.3 percent.
Global equities were also boosted last week as the European Central Bank signaled additional monetary easing steps to come, and focus fell on the Federal Reserve and Bank of Japan meetings this week.
Continued at www.reuters.com/article/us-global-markets-idUSKCN0V2139 .
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS nudged up 0.2 percent, putting further distance between a four-year low plumbed last week. Australian shares were up 1 percent.
The S&P 500 .SPX rose 2 percent and the Dow .DJI added 1.3 percent Friday as a cold snap in North America and Europe caused a rally in oil prices. The S&P energy sector .SPNY surged 4.3 percent.
Global equities were also boosted last week as the European Central Bank signaled additional monetary easing steps to come, and focus fell on the Federal Reserve and Bank of Japan meetings this week.
Continued at www.reuters.com/article/us-global-markets-idUSKCN0V2139 .