Asian shares rallied along with global stocks as the European Central Bank indicated its willingness to bolster its stimulus on weak economy.
ECB President Mario Draghi implied policymakers were open to injecting more stimulus to bolster their economy. Previously, the central bank kept interest rates unchanged.
The MSCI Asia Pacific Index rose 0.6%, on course for a moderate weekly loss of approximately 0.1%. Japan’s Nikkei stock index climbed 2.3%, slated to add over 3% for this week.
This raises additional questions regarding the policy outlook for the Bank of Japan and the Federal Reserve, “both of which have meetings next week,” said Sean Callow, Senior Strategist at Westpac.
The material has been provided by InstaForex Company – www.instaforex.com