Asia stocks inch higher after mixed US corporate earnings

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

TOKYO/NEW YORK (REUTERS) - Asian equities made cautious gains in early trade on Wednesday (April 29) following mixed US corporate earnings while oil prices looked set for more wild swings as storage concerns capped optimism about easing coronavirus lockdowns.. Read more at straitstimes.com.

SYDNEY - Asian equities made cautious gains in early trade on Wednesday following mixed US corporate earnings while oil prices looked set for more wild swings as storage concerns capped optimism about easing coronavirus lockdowns.

Alphabet's earnings beat analysts' estimates for quarterly revenue as its Google unit posted double-digit advertising growth despite the coronavirus-induced slowdown. While users were searching more, they were looking up less commercial topics and advertisers were cutting spending. Markets were looking for any forward guidance from the US Federal Reserve, which is due to issue a policy statement at the close of its two-day meeting on Wednesday. The European Central Bank meets on Thursday.

The Dow Jones Industrial Average fell 0.13 per cent, the S&P 500 lost 0.52 per cent and the Nasdaq Composite dropped 1.4 per cent. The greenback gave back some earlier losses as stocks came off their highs on concerns the coronavirus could spread further than previously thought if businesses reopened prematurely.

The benchmark 10-year US Treasury rose 12/32 in price to yield 0.6161 per cent, from 0.654 per cent late on Monday.

 

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:

 /  🏆 8. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Asia stocks inch higher after mixed US corporate earningsAsian equities made cautious gains in early trade on Wednesday following mixed U.S. corporate earnings while oil prices looked set for more wild ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US banks gird for mad grab of another US$310 billion in new small business aidU.S. banks were girding on Monday for another chaotic dash to grab US$310 billion in fresh small business aid due to be released by the government ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US banks in another mad grab for US$310 billion in new small business aidU.S. banks on Monday began another chaotic dash to grab US$310 billion in fresh small business aid released by the government, after it changed ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »