By: Economic & Finance Report
Asian shares heeded higher for the third consecutive month as stocks moved higher for the past couple of days. Bulls seem to be reigning in as prices and stock indexes continue to go to a higher direction. Oil seems to be gaining ground higher as well, the uptrend on stocks and prices is viewed by how well oil can maintain its run upwards.
The Nikkei posted higher on Wed Feb. 4, 2015, up 1.8% because of banking sector performing unusually well for the day and also very strong company earning reports from Mitsubishi .
Australia’s index also outperformed climbing 1.2% because of the interest cut instituted by the Federal Reserve Bank of Australia.