The trading in Asian markets is positive this morning, led by financial stocks following US banks’ resilience tests.
Tokyo rose by 0.5%, Hong Kong added 1%, Shanghai rose by 0.3%, Sydney climbed by 1%.
Yesterday, the Federal Reserve announced that all major US financial institutions had passed the tests designed to test their ability to withstand extreme economic scenarios.
This is the first time all banks have passed the test since 2011, allowing them to increase dividends and buy back shares.
Wall Street closed yesterday with gains at the pound and the Euro strengthened against the US dollar by 1.4%.
The Dow Jones Industrial Average rose by 0.7%, the S&P 500 rose by 0.9%.
In the commodities market, the WTI crude oil rose by 1.1% to $ 44.7 per barrel.
The Brent oil was up by 1.4% to $ 47.3 a barrel.
The price of the Gold rose by 0.2% to $ 1,249 an ounce.
The US office of Statistics released data indicating a decline in the US trade deficit in May.
The trade deficit in goods excluding services declined by 1.8 percent in May to $ 65.9 billion.
The full data on the US trade balance will be published next week.
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