Asian stock market extends strength in the Wall Street last week with the MSCI Asia Pacific Index gaining +1%. The market sentiment has improved as macroeconomic indicators released last week were broadly encouraging. While there have been talks of a double-dip recession in the economy, the data indicated growth has remained intact so far. Commodity prices are also boosted as USD’s retreat increases the appeal of commodity investments. The front-month WTI crude oil futures soar above 74 while corresponding Brent crude futures trade above 76 in Asian session today.
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Commodity Prices Strengthen as Driven by Stocks
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