Asia stocks rise as focus shifts from risk aversion

Jul 23, 2014, 2:35 AM EDT
An index of Asian shares touched a fresh three-year high on Wednesday as some markets focused on company earnings more than geopolitical tensions while the Australian dollar spiked on stronger-than-expected inflation data.
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An index of Asian shares touched a fresh three-year high on Wednesday as some markets focused on company earnings more than geopolitical tensions while the Australian dollar spiked on stronger-than-expected inflation data. But a cautious mood was expected to return in early European trade, where spreadbetters predicted Britain's FTSE 100 to open 8 to 15 points lower, or down as much as 0.2 percent; Germany's DAX to open down 20 to 22 points, or 0.2 percent lower; and France's CAC 40 to open 5 to 6 points lower, or down 0.1 percent.
Background:
Asia stocks rise as focus shifts from risk aversion, Aussie spikes [Reuters]
Asian stocks gain while dollar weakens; oil retreats [Bloomberg]

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