Asia stocks attempt a rally as Iran anxiety ebbs

SYDNEY - Asian shares rebounded on Tuesday as a day passed without a new escalation in the Middle East and Wall Street erased early losses to end in the black as tech stocks climbed.

Yet US Defense Secretary Mark Esper told Pentagon reporters that no decision had been made and the military said the letter was only a poorly worded draft. "We think the longest US expansion on record still has plenty of legs," said Tom Porcelli, chief US economist at RBC Capital Markets."To be sure, Iran adds an additional layer of complexity."

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Asia stocks attempt a rally as Iran anxiety ebbsAsian shares rebounded on Tuesday as a day passed without a new escalation in the Middle East and Wall Street erased early losses to end in the ...
Herkunft: ChannelNewsAsia - 🏆 6. / 66 Weiterlesen »

UBS, JPMorgan see little Asia market impact from US-Iran tensionsSINGAPORE (BLOOMBERG) - Escalating friction between the US and Iran will likely have limited impact on Asian stock markets, according to UBS Global Wealth Management and JPMorgan Asset Management.. Read more at straitstimes.com.
Herkunft: The Straits Times - 🏆 8. / 63 Weiterlesen »