Global traders are in bullish mood after a recent sell-off, with US earnings and inflation data in view. Photo: SPENCER PLATT / GETTY IMAGES NORTH AMERICA/Getty Images via AFPAsian equities extended the week's gains Wednesday following a strong rally on Wall Street and another record in London, as traders cheered more upbeat earnings reports and data indicating a slowdown in US economic activity.
All three main indexes in New York enjoyed a bump Tuesday, with the Nasdaq and S&P 500 each piling on more than one percent. Investors are also gearing up for the release of some major US data this week, with the standout being the personal consumption expenditures index -- the Fed's preferred gauge of inflation.
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.
Wall St gains as bond yields ease from highs - SABC News - Breaking news, special reports, world, business,Wall Street's main stock indexes advanced in choppy trading on Monday
Source: SABC News Online - 🏆 32. / 51 Read more »
Asian stocks struggle to track Wall St higher, earnings in focusAsian markets mostly fell Friday as traders struggled to build on Wall Street's positive lead, with hopes for a June interest rate cut fading, while earnings season gets underway in the United States amid optimism for companies' profit outlooks.
Source: brieflyza - 🏆 10. / 68 Read more »
Asian markets mixed as traders assess latest rally, eye data and earningsMarkets were mixed in Asia on Wednesday following a negative day on Wall Street as observers warn the latest equities rally may have run out of steam, with investors looking for fresh catalysts to kickstart buying. All three main indexes on Wall Street ended in the red, having spent most of the day on the positive side of the line.
Source: brieflyza - 🏆 10. / 68 Read more »