Daily News | Activities on the Asian market

Our news for this week will start with today’s news report on the recent activities on the Asian market. On Monday, Asian shares rose to the highest peak in the last six months. There are a lot of things affecting this situation, so we’ll mention just the most important among them. First of all, Iraqi forces began to move towards oil fields that are held by Kurdish fighters near the city of Kirkuk. Consequently, U.S. crude rose 0.9 percent to $51.92 a barrel (last month it was $52.85) and brent crude rose 1.2 percent. Secondly, MSCI for Asian-Pacific shares outside Japan rose to its highest level since late 2007. Other important news regarding the recent activities on the Asian market has to do with China. According to Chris Weston, chief market strategist at IG Markets, China might be the most important factor influencing the market movements this week.

For the end of our daily news report we bring you some news from Austria. After many years of absence from political power, Austria’s anti-immigration Freedom Party (FPO) might rejoin the government. It seems that the Austrian far-right is not dead after all and we can’t even imagine the possible economic and political consequences of their new rise.

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