Asian shares rose on Tuesday in line with Wall Street's high note and bonds also rallied, boosted by dovish Federal Reserve remarks, while oil prices edged...
FILE PHOTO: A woman walks past a man examining an electronic board showing Japan's Nikkei average and stock quotations in TokyoHONG KONG - Asian shares rose on Tuesday in line with Wall Street's high note and bonds also rallied, boosted by dovish Federal Reserve remarks, while oil prices edged down after Monday's surge with the market remaining focused on the conflict in the Middle East.Japan's benchmark Nikkei average rose 2.
The Israeli military has since said it called up an unprecedented 300,000 reservists and was imposing a total blockade on the Gaza Strip, raising expectations of a possible ground assault. U.S. stocks ended higher on Monday, with energy shares rising along with oil prices. The S&P 500 energy index ended up 3.5%.The markets' initial reaction to the major geopolitical developments in the Middle East was a bout of risk aversion, analysts from National Bank of Australia said in a note.
Spot gold gained 2% to $1,864.69 per ounce, after scaling a one-week high on Monday as investors sought safe havens.Ten-year Treasury yields, which have been surging, fell more than 13 basis points to 4.6% at the open in Tokyo as bond prices rallied after Monday's holiday. 'The whole banking sector is uninvestable': Steve Eisman of 'Big Short' fame warns about mounting challenges for financial institutions. Here's what he's betting on insteadRRSPs become taxable upon retirement. You may wish to invest some of your money in a Tax-Free Savings Account, with stocks like Fortis Inc . The post The Sad Truth About Maxing Out Your RRSP appeared first on The Motley Fool Canada.
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