Asian markets remained positive even though China and Hong Kong markets were still closed for Lunar New Year Holiday.
Whereas ASX climbed another 20 points to 6026.1 points because RBA Governor Philip Lowe had delivered a more conciliatory speech on rate hike schedule, fully according the uncertainties of global economy.
Across the Atlantic, FTSE Europe First 300 closed mixed as the mood there was pretty subdued due to the fact that the possibility of US Government shutting down was not off the table and the uncertain outcome of US & China trade talk.
US Dow Jones took a pause after 6 weeks of strong performance, it was dragged down in the early session by disappointing forecast from videogame makers, but the latest trade of term boosted market as trade deficit was narrowed last November, which positive impacted on the GDP calculation.
This January marked the beginning of a new and strong trading season for ASX 200. Figures suggested it has recovered almost half of the combined loss in last November and December.
As Australia stock market reporting season has just been kicked started, so people are concerned what the present market expectation is. And what is the fair value suggested by the market today?
Our guest, Raymond Chan, Head of Asian Desk-Retail, Morgans Sydney, will give us some light about this issue.
