Some corporates appear to show earnings holding up, while others are reporting disappointing numbers," said Stuart Cole, the head macro economist at Equiti Capital in London.
"Equities have concluded that the Fed really knows what they're doing, that they've shepherded the economy pretty well so far, and really have a shot at a soft landing," said Dec Mullarkey, the managing director of investment strategy and asset allocation at SLC Management in Boston.
Asia-Pacific shares maintained their best start to a year overnight with a nine-month high despite ongoing drama in India, where shares in Adani Enterprises sank another 20% in the wake of Hindenburg Research's report about the firm's debt levels and use of tax havens.
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