From Yahoo Finance: 2024-05-19 20:16:00

Asian stocks were higher after US equities hit a record high on strong earnings and China’s support for its property market. Traders await China’s response after a crash involving Iranian President Raisi. Dollar index stable despite Fed outlook speculation. Market focuses on economic data from Europe and key policy decisions globally. Stocks and currencies show mixed movements. Bitcoin up, Ether down. Oil down, gold up slightly.

Key events this week: China loan rates, Thai GDP, UK and Canada inflation data, UK, New Zealand, Indonesia rate decisions. Fed and BOE officials to speak. MSCI Asia Pacific Index on a winning streak. Traders await Nvidia earnings. Australian and US yields fluctuate. Global economic activity to set market tone.



Read more at Yahoo Finance: Asian Stocks Rise After US Gains, China Support: Markets Wrap