(RTTNews) – Asian inventory markets increased on Tuesday because optimal knowledge of production activity in the United States, Europe, and China helped offset considerations about growing cases of coronavirus internationally and uncertainty about the final results of the U. S. presidential election. .
The Australian market is particularly high behind positive Wall Street signs. Investors are now eagerly awaiting the Reserve Bank of Australia’s financial policy resolution that is due today. The RBA is expected to reduce its benchmark interest rate through 15 basic issues to 0. 10% from 0. 25%.
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Among the main miners, Rio Tinto and BHP Group rose more than 2% each, while Fortescue Metals rose more than 1%.
In the banking area, ANZ Banking, Commonwealth Bank and National Australia Bank were higher in diversity from 1. 1% to 1. 8%, while Westpac rose through 0. 1%.
Oil inventories soared after crude oil costs rose overnight. Oil Search gained more than 6%, while Santos and Woodside Petroleum rose more than 5% each.
In the rest of Asia, South Korea and Hong Kong grew by 2% Array, while Shanghai, Singapore and Taiwan grew by more than 1%. New Zealand and Indonesia are also taller, while Malaysia has dropped slightly. Day.
On Wall Street, stocks ended on a positive note on Monday, as the search for bargains after the recent heavy losses and a report indicating that accelerating US production activity is in the process of finding bargains. But it’s not the first time He drove up costs, on the accumulation of coronavirus cases and new blocking measures, as well as uncertainty about the final results of the presidential election.
Major European markets also closed sharply upwards on Monday. The UK FTSE 100 rose 1. 39%, Germany’s DAX rose 2. 01% and France’s CAC 40 rose 2. 11%.
Crude oil recovered from Monday’s initial weakness and the nearly one-month futures contract closed sharply upwards, backed by knowledge of further expansion in U. S. production activity.