Asia stocks hover below nine month peak after Wall Street stalls

TOKYO - Asian stocks hovered below a nine-month peak on Tuesday after disappointing bank earnings dented Wall Street, though recent signs the global economy is likely to avoid a sharper downturn helped limit the losses.

The U.S.-China trade dispute, signs of slowing global corporate earnings and business investment have all put pressure on riskier assets in the past year, so investors have been quick to lap-up positive news. Elsewhere in commodities, the recent rally in crude oil prices slowed on the prospect of Russia and OPEC boosting production to fight for market share with the United States.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Guggenheim says next recession will be less severe — but the ensuing stock market fall will be brutalEven though the next recession is likely to be shallow, stock-market investors will nurse some hefty losses in the next downturn, says Guggenheim
Source: MarketWatch - 🏆 3. / 97 Read more »

Uber IPO; Central banks in focus; Delta earningsCNN's ChristineRomans has the day's top business headlines before the opening bell on Wall Street ChristineRomans Why do people still watch these fools ChristineRomans I get it. Make money only if u have money ChristineRomans
Source: CNN - 🏆 4. / 95 Read more »