WASHINGTON: Asian stocks were set to follow a late Wall Street surge on Tuesday, after the Federal Reserve's fresh move to support financial markets through the coronavirus pandemic cheered investors.
However, analysts warn markets are likely to be volatile as investors grow increasingly impatient over the pace of business re-opening from the coronavirus-induced lockdowns. "We were able to shake off the early morning negative COVID-19 headlines from China," said Joe Saluzzi, a partner at New Jersey-based brokerage firm, Themis Trading LLC.
Crude oil swung into positive territory on improving demand and signs Organization of the Petroleum Exporting member states and allies were complying with a production cuts.
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