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.
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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.
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