- Asian stocks have demonstrated a firmer recovery as US banking jitters have eased further.
- Japanese stocks have rebounded as the BoJ has favored the continuation of easy monetary policy.
- Oil price is struggling in extending its recovery above $74.00 ahead of inventory data.
Markets in the Asian domain have shown a decent recovery as fears of a potential United States banking crisis have receded and escalating chances of a steady monetary policy by the Federal Reserve (Fed). S&P500 futures have generated significant gains in the Asian session after a choppy Tuesday. Ebbing fears of US banking shakedown are infusing confidence among the market participants. It would be worth discovering whether deposits in mid-size US banks by households are reverting or not.
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