Asian markets mostly higher as Iran fears recede, eyes on US jobs

Hong Kong, Jan 10 (AFP/APP): Asian markets rose Friday but investors were struggling to maintain a rally triggered by easing US-Iran tensions the previous day as focus turned back to the global economic outlook. The toning down of rhetoric from Donald Trump and Tehran following an Iranian missile attack on US assets in Iraq soothed concerns about a possible conflict in the Middle East and lit a fire under global equities Thursday. That has allowed dealers to resume their buying spree that had characterised business for the past few weeks, cheered by China and the US reaching a trade deal, central banks easing monetary policy and data pointing to an improved global outlook. “Even though we are hitting close to or near all-time highs, we still feel pretty excited about this market,” Invesco strategist Timothy Horsburgh told Bloomberg TV. “What we’ve seen over the past couple of days with some of this relief rally, this is indicative of a market that’s wanted to go higher for a while now as a result of better fundamentals and a little bit of optimism around reaccelerating growth here in the US.” Wall Street’s three main indexes racked up fresh records and Asia broadly … Continue reading Asian markets mostly higher as Iran fears recede, eyes on US jobs