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FINANCE Wednesday 20th JULY

The CSX Index is currently at 475.78 Points down 0.79 Points or 0.17%

Bank of Cambodia Daily Exchange Rate is: 4,090KHR to the USD$

Asian shares extend a global rally as the dollar languishes.

Asian shares extended a global rally on Wednesday as strong U.S. corporate earnings and the expected resumption of Russian gas supply to Europe helped lift sentiment and ease fears of a recession, while the dollar was mired near two-week lows.

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) surged 1.1% in early Asia trade, driven by a 1.5% jump in resources-heavy Australia (.AXJO), a 1.1% gain in South Korean shares (.KS11) and 1.5% jump in Hong Kong stocks (.HSI).

Japan's Nikkei (.N225) surged 2.1%.

S&P 500 futures rose 0.3%, while Nasdaq futures firmed 0.4%.

U.S. stocks closed with sharp gains on Tuesday as more companies joined big banks in reporting earnings that beat forecasts.

The S&P 500 (.SPX) gained 2.8% while the tech-heavy Nasdaq Composite (.IXIC) added 3.1% on Tuesday.

U.S. crude dipped 0.59% to $103.6 a barrel while Brent crude fell 0.36% to $106.95 per barrel.

Spot gold remained soft at $1,711 an ounce.


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