[HONG KONG] Asian markets were mixed on Wednesday, with a strong lead from Wall Street offset by lingering concerns about the global economy, while oil prices extended gains after Russia reassured over its intention to cut output.
And Oanda senior market analyst Jeffrey Halley said the reaction to the so-called yield curve inversion - which was last seen ahead of the financial crisis a decade ago - had been"quickly consigned to history".He added that"the volte-face in sentiment suggests to me that despite all the noise, markets are flip-flopping on short-term data as we await the conclusion of the only real game in town: the US-China trade talks".
"Russia is making good on its promise," Takayuki Nogami, chief economist at Japan Oil, Gas and Metals National Corp, told Bloomberg News.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia, New Zealand: Shares follow Wall Street rally[BENGALURU] Australian shares rose on Friday, tracking gains on Wall Street after strong US economic data eased concerns about a cooling economy, with financials and healthcare stocks boosting the local benchmark. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Apple News+ offers variety, but Wall Street Journal holds back on business storiesApple Inc's new Apple News+ service consolidates popular newspaper and magazine subscriptions.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street falls on global economic slowdown fearsU.S. stocks opened lower on Monday, weighed by technology shares, as investors worried about global growth fears.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street Week Ahead: Doubts increase that first quarter will be earnings low pointNEW YORK: As Wall Street braces for what may be the first U.S. profit decline since 2016, investors say the first quarter may not mark the low ... Legal gambling
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US: Wall Street tumbles on global economic slowdown fears[NEW YORK] Wall Street stocks sold off sharply on Friday, with all three major US stock indexes posting their biggest one-day percentage declines since Jan 3, as weak factory data from the United States and Europe led to an inversion of US Treasury yields, fuelling fears of a global economic downturn. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »