Epic Research Update : Asian Markets

Asian shares were trying to string together a fourth session of gains on Tuesday as optimism about global growth looked set to outlast an almost certain hike in US borrowing costs this week.

The latest upbeat news came from China where banks doled out a surprisingly generous dose of credit in November, which could bode well for a pick up in retail sales and industrial output due later in the week.

MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.06 percent, having rallied for three days in a row.

Australian stocks added 0.2 percent and Nikkei futures pointed to a steady start after the index scored its highest close in 25 years on Monday.

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Posted in: Indian Market Tips