Asia stocks take heart in stimulus speculation

Financial Post | Aug 16, 2019 at 3:52 AM
  • Asian shares found some footing on Friday after a turbulent week as China hinted at more support for its economy, amid growing expectations of aggressive stimulus from all the major central banks.
  • Markets are keyed for a cut in the deposit rate of at least 10 basis points and a resumption of bond buying, sending German 10-year bund yields to a record low of -0.71%.
  • Brent crude futures added 46 cents to $58.69, while U.S. crude rose 59 cents to $55.06 a barrel.
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