Thursday, December 24, 2015

Today Asian equities delivered some last-minute Christmas cheer

Today's news : Asian equities delivered some last-minute Christmas cheer, continuing to rally on the last full trading day of the week before the holiday. Oil prices recovery boosted energy stocks in the areas, with US crude nearly 1 per-cent high in Asia trading following a 4 per-cent rally overnight.

Data on yesterday displayed inventories of US crude fell by 5.9 million barrels in the previous week, compared with estimations for an increase of 1.1 million barrels.

More healthy economic data saw all 3 major US(United States) averages rally 1 per-cent overnight, their 3rd day of gains. U.S. personal consumption expenditures rose 0.3 per-cent on-month in Nov after remaining flat in Oct month, contributing to the market's optimistic mood one day after better-than-expected 3rd-quarter growth data.

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