Asian markets extend rally as traders eye earnings | Malay Mail

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HONG KONG, July 13 — The rally in global stocks extended into Asia today as optimism about the upcoming earnings season outweighs worries over the fast-spreading Delta virus variant that is forcing leaders to reimpose containment measures. Hope that central banks will maintain their...

HONG KONG, July 13 — The rally in global stocks extended into Asia today as optimism about the upcoming earnings season outweighs worries over the fast-spreading Delta virus variant that is forcing leaders to reimpose containment measures.

Wall Street’s three main indexes chalked up more records as investors prepared for the earnings deluge with the release of top banks including JP Morgan and Goldman Sachs later in the day. However, Sydney gave up early advances to end flat, while Manila and Jakarta also slipped. London and Paris opened higher but Frankfurt edged down.

That concern has also weighed on oil prices, which suffered their first fall Monday after a two-day gain.

 

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