Asia stocks at 2-month high
Monday, January 5, 2009 : PermalinkReuters – Asian stocks rose to a two-month high on Monday, with expectations for a global economic recovery later this year on the back of massive government spending prompting investors to wade back into riskier assets.
Regional equities have risen for six consecutive days, bolstered by expectations big government stimulus spending packages in coming weeks will revive growth and banks will eventually lend to each other again.
Major European stocks were expected to open as much as 0.4 percent higher, according to financial bookmakers, on hopes companies will benefit from the collective efforts of central banks and other policymakers.
Tags: asian stocks, assets, bookmakers, central banks, collective efforts, consecutive days, economic recovery, european stocks, government spending, investors, massive government, policymakers, reuters, stimulus
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