Asian stocks rise on earnings optimism as US data approaches

A man walks past an electronic board showing sharply lower numbers on the Tokyo Stock Exchange in Tokyo on November 4, 2022, as investors were disheartened by falls on Wall Street and focus shifting to key US jobs data due later in the day.HONG KONG, China — Asian 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.

General Electric, Spotify, and diaper and paper product brand Kimberly-Clark were among the companies posting strong gains after releasing quarterly reports.Electric car giant Tesla announced late Tuesday a big profits miss but said it would speed up the launch of cheaper vehicles, which saw its share price soar in after-hours trade.

That reading follows three straight months of forecast-topping consumer price figures that have forced investors to whittle down their outlook for how many cuts the central bank will make -- from six at the start of the year to two at most now. Chris Williamson, at S&P Global Market Intelligence, said: "The more challenging business environment prompted companies to cut payroll numbers at a rate not seen since the global financial crisis if the early pandemic lockdown months are excluded."

Oil prices rose again after jumping more than one percent Tuesday on a report pointing to another build in US inventories that raised questions about demand in the world's top economy.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock market today (April 23, 2024): Asian stocks track Wall Street gains ahead of earnings reportsHONG KONG — Asian benchmarks extended gains Tuesday after U.S. stocks clawed back a chunk of their losses from last week, which was the worst for the S&P 500 in more than a year, while the yen weakened further to fresh 34-year lows. U.S.
Herkunft: BusinessMirror - 🏆 19. / 59 Weiterlesen »

Asian stocks sink despite to track Wall St gains, earnings in focusAsian markets 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.
Herkunft: PhilstarNews - 🏆 1. / 94 Weiterlesen »

Wall Street closes higher as investors digest earnings, megacap outlookU.S. stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other megacap growth stocks.
Herkunft: gmanews - 🏆 11. / 68 Weiterlesen »

Stock market today: Asian shares gain despite Wall Street’s tech-led retreat | Elaine Kurtenbach / The Associated Press📈 Stock Market Update 📉: Asian shares rose despite Wall Street's tech-led dip. The Nikkei 225 climbed 0.3%, Hang Seng gained 1.5%, and Kospi surged 1.8%. Oil prices edged up as Treasury yields eased. KnowMore about today's market movements and what they mean for investors.
Herkunft: BusinessMirror - 🏆 19. / 59 Weiterlesen »

Stock market today: Asian shares track Wall Street slump triggered by strong US spending data | Elaine Kurtenbach / AP Business WriterAsian shares skidded Tuesday following a slump on Wall Street after higher yields in the U.S. bond market cranked up pressure on stocks. The Shanghai Composite index lost 1.7% to 3,007.07 even though the Chinese government reported that the economy grew at a surprisingly fast 5.
Herkunft: BusinessMirror - 🏆 19. / 59 Weiterlesen »