Stocks wobble on Walmart warning, looming Fed hike

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Asian shares wobbled on Tuesday and bonds were firm as a profit warning from Walmart put consumption and company earnings under a cloud ahead of what is likely to be another sharp U.S. interest rate hike.

In currencies, the dollar was marginally softer but not drifting too far below recent milestone highs as uncertainty continues to swirl around the rates and economic outlook.

The euro bought $1.0237 and the yen steadied at 136.34 per dollar. The U.S. dollar index , which touched a 20-year high this month, was down slightly to 106.300. Oil prices rose on expectations Russia's reduction in natural gas supply to Europe could encourage a switch to crude, with Brent futures last up 1% at $106.17 a barrel and U.S. crude up 0.7% to $97.37 a barrel.Gold hovered at $1,725 an ounce and bitcoin nursed overnight losses at $21,100.Reporting by Kane Wu in Hong Kong; Editing by Sam Holmes

 

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