Kiwi jumps on aggressive RBNZ; Asian shares rally

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Reuters

By Sam Byford (Reuters) – Asian shares rallied on Wednesday as strong earnings for U.S. retail giants suggested further room for interest rate hikes from the Federal Reserve as it attempts to cool inflation. European equities looked set for early gains as well on a data-heavy day, with British inflation and the final Euro zone Q2 GDP reading expected. FTSE 100 futures were up 0.25% and Euro Stoxx 50 futures were up 0.45%. S&P emini futures were up 0.1%. Japan’s Nikkei rose 1.17% to 29,169.28 points, breaking through the 29,000 barrier for the first time since Jan. 6. MSCI’s broadest index of A…

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