Feb 28, 2017 01:54 AM EST
Asian shares were up early Tuesday (Feb. 28, 2017), strengthened by gains on Wall Street as investors await a closely monitored speech by US President Donald Trump.
Investment research firm Morgan Stanley Capital International's broadest index of shares in Asia-Pacific outside Japan was up 0.1 percent early Tuesday while Japan's Nikkei stock index got a tailwind from a weaker yen and rose 0.7 percent.
Stocks in the US edged up Monday, according to a Reuters article, when the Dow Jones Industrial Average closing at a record high for a 12th straight session after Trump said he would talk about tax reform and infrastructure spending in his first major policy address to Congress on Tuesday.
Ayako Sera, market strategist at Sumitomo Mitsui Trust Bank, wasn't that impressed stating this could be like the case of his inauguration speech in which expectations were high but the president didn't come up with any concrete details.
"The market does not want a repeat of that and wants to hear some actual plans or there will be disappointment," she said.
In a televised interview on Sunday, Treasury Secretary Steven Mnuchin had said Trump would use the event to preview some elements of his sweeping tax reform plans.
According to a White House budget official, Trump will seek to boost Pentagon spending by $54 billion in his first budget proposal and cut the same amount from non-defense spending, including a large reduction in foreign aid.
The dollar added 0.1 percent to 112.80 yen, pulling away from Monday's nadir of 111.920, which was its lowest since Feb. 9. The euro has slightly edged down on the day to $1.0583.
Crude oil prices were unchanged, as expectations of higher US crude production offset reports of high compliance with OPEC's production cut agreement.
US crude was up slightly on the day at $54.08 a barrel.
Currently, a driver of a UK-registered car is allowed to drive anywhere in the EU, the EEA (European Economic Area), Switzerland and Serbia, and not have to carry a green card that proves you have insurance cover.
President Trump on Friday announced the first concrete deal with China to come out of nearly three months of trade talks - a deal to prevent currency manipulation.
Europe's largest economy offered mixed signals on Friday that suggest it's down but not out.
New research finds that despite regulations, CEOs control information release and may do so for their own financial gain
Normally, it's good to believe in yourself. But research from Indiana University's Kelley School of Business indicates that it can be bad advice for amateurs investing online in unregulated, sometimes risky, equity crowdfunded ventures.
Nearly half of new moms and a quarter of new dads leave their full-time STEM jobs after they have their first child, according to a new study.
Visa Inc and Mastercard Inc, the two biggest U.S. card networks, are preparing to raise certain fees levied on U.S. merchants for processing transactions from this April, the Wall Street Journal reported on Friday, citing people familiar with the matter.
People who travel for business two weeks or more a month report more symptoms of anxiety and depression and are more likely to smoke, be sedentary and report trouble sleeping than those who travel one to six nights a month, according to a latest study conducted by researchers at Columbia University's Mailman School of Public Health and City University of New York.
President Trump said Friday he is declaring a national emergency on the southern border, tapping into executive powers in a bid to divert billions toward construction of a wall even as he plans to sign a funding package that includes just $1.4 billion for border security.