A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, April 18, 2016. Japan’s Nikkei soared 1.9 percent.Investors are focused on the progress of a U.S. tax-cut plan being developed by President Donald Trump and fellow Republicans and on Trump’s announcement of the next head of the Federal Reserve. The White House said he will reveal his Fed pick on Thursday. [nL2N1N50Y2]“Hopes of U.S. tax cuts, a slight easing in U.S. long-term bond yields since late last month and a rise in oil prices are all positive for Asian shares,” said Yukino Yamada, senior strategist at Daiwa Securities.“Last month, there were major inflows to high-tech shares in Korea and Taiwan. I would say Brent is likely to ease below $60 early next year,” said Tatsufumi Okoshi, senior commodity economist at Nomura Securities.

Source: Egypt Today November 01, 2017 07:52 UTC