Asian stocks tick up after Wall Street cracks more records

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 66%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Asian equities were mostly firmer on Wednesday after a strong Wall Street session in which the S&P 500 hit an all-time high, rebounding from huge ...

Asian equities were mostly firmer on Wednesday after a strong Wall Street session in which the S&P 500 hit an all-time high, rebounding from huge losses caused by the coronavirus pandemic.

Market optimism was also buoyed by data showing an acceleration in U.S. homebuilding to the most in nearly four years in July, signifying that the housing sector is emerging as one of the few areas of strength in an economy hit hard by the pandemic. Nasdaq clocked its 18th record closing high since early June, when it confirmed its recovery from the coronavirus sell-off. Tuesday's record was its 34th record close so far this year compared with 31 record closing highs in 2019 and 29 in 2018.

The U.S. Federal Reserve's intervention in financial markets to maintain liquidity in the midst of the coronavirus pandemic has weakened the dollar, pushed risk assets to all-time highs and reduced demand for safe-havens.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 6. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street kicks off big retail earnings week on high noteU.S. stock index futures rose on Monday as retailers prepared to wind down a better-than-feared quarterly earnings season, while the countdown to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US: Wall Street kicks off big retail earnings week on high note[NEW YORK] US stocks opened higher on Monday with the S&P 500 inching closer to a record high as retailers prepared to wind down a better-than-feared quarterly earnings season. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Wall Street set to kick off big retail earnings week on high noteU.S. stock index futures rose on Monday as retailers prepared to wind down a better-than-feared quarterly earnings season, while the countdown to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Wall Street futures tick up ahead of big retail earnings weekU.S. stock index futures rose on Monday as retailers prepared to wind down a better-than-feared quarterly earnings season, while the countdown to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »