Asian stocks rallied this Friday morning on optimism for a US tax reform.
Japanese stocks strengthened on the back of a weak Yen and comments from the BOJ Governor Kuroda. The central bank chief said he will keep an accommodative policy in place.
At the time of writing, Japan’s Nikkei was trading 148 points higher on the day. Australia’s ASX 200 gained 38 points, while South Korea’s Kospi added 18 points. The S&P 500 Index had its second best day since March after US Treasury Secretary Steven Mnuchin said plans to reform taxes have progressed.
The Trump administration's talk to reignite the market’s expectations for policies/Trump trade has been well received, at least for now. However, the investors are likely to turn cautious ahead of the French Presidential elections this Sunday.
In related markets, the 10-yr treasury yield jumped five basis points rally on Thursday and remains flat lined around 2.25% today. WTI trades flat lined around $50.75/barrel as well.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.