FILE - A person looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo, on April 19, 2024. Asian benchmarks extended gains Tuesday, April 23, after U.S. stocks clawed back a chunk of their losses from the previous week.– Global markets were mostly higher Tuesday after U.S. stocks clawed back a chunk of their losses from the week before, with roughly 150 companies in the S&P 500 set to report earnings this week.
A purchasing managers survey showed sentiment at 49.9, on a scale of up to 100 where 50 marks the break between expansion and contraction. The yen weakened further, hitting a fresh 34-year low of 154.85 early Tuesday. Even more pressure than usual is on companies broadly to deliver fatter profits and revenue. That’s because the other big factor that sets stock prices, interest rates, looks unlikely to offer much help in the near term.
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