fxstreet.com 09 Feb, 2021 04:30 am

ASX 200, NZX 50 bucks the uptrend amid reflation worries

ASX 200, NZX 50 bucks the uptrend amid reflation worries
Asian shares ignore the downbeat performance of their Pacific counterparts while keeping the latest gains during the early Tuesday. As a result, MSCI’

Australian markets followed their neighbors even as trade optimism is likely to help Canberra.Looking forward, a light calendar can keep troubling momentum traders but market optimism is likely to stay.9 trillion joined recently upbeat trade headlines to favor the mood, Japan’s emergency stimulus and reflation fears in Pacific nations, mainly Australia and New Zealand, probe the bulls.On the other hand, the Reserve Bank of New Zealand’s (RBNZ) crackdown on the Loan-To-Value (LTV) ratio joins the upbeat RBNZ Inflation for the Q1 2021 to probe the equity bulls in the Pacific giant.

Also favoring the sentiment could be the EU-UK readiness to resolve the trade tussle US aircraft subsidies as well as Britain’s trade optimism.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

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