Asian Stock Market: Indices extend recovery as US Banks ace stress test, oil prices steady

Asian Stock Market: Indices extend recovery as US Banks ace stress test, oil prices steady

- A decent performance from US Banks on their fundamental aspect has strengthened the global equities. - Stability in Japan’s inflation has supported the respective indices. - The DXY is expected to remain sideways amid a light economic calendar Markets in the Asian domain have extended their recovery on Friday as sound financials of the US banks have brought a sense of optimism to the global economy. The US banks have aced their stress test considering their solid Capital Adequacy Ratio (CAR) and lower non-performing assets (NPA) ratios. A rock-solid condition of the lenders in the US economy is sufficient to bolster the sentiment of the market participants. At the press time, Japan’s Nikkei225 jumped 1.24%, China A50 added 0.68%, Hang Seng surged almost 2%, and Nifty50 gained 0.85%. Stability …
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