Asian stocks struggle to track Wall St higher, earnings in focus

Asian traders did not appear to be as excited about the latest US data as their Wall Street counterparts. Photo: Daniel ROLAND / AFPAsian markets mostly fell Friday as traders struggled to build on Wall Street's positive lead, with hopes for a June interest rate cut fading, while earnings season gets underway in the United States amid optimism for companies' profit outlooks.

While US traders pounced on the producer price numbers, Michael Shaoul at Marketfield Asset Management said:"Although we understand the relief with which this report will be received, there is nothing very encouraging contained within it -- and the best that can be said is that there was 'no new bad news' either."Hong Kong, Shanghai, Sydney, Seoul, Singapore and Wellington were all in the red, while Tokyo, Taipei and Manila edged up.

Attention is now turning to the corporate reporting season, which gets underway in earnest later in the day with banking giants JPMorgan and Citibank among those to open their books.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Asian stocks struggle to extend Wall Street rally: Markets wrapBitcoin rose 1.6% to $72 173.82.
Fonte: Moneyweb - 🏆 5. / 77 Consulte Mais informação »

Asian stocks track Wall St record after Fed keeps rate projectionAsian markets rallied Thursday after Wall Street's record-breaking day as traders welcomed news that the Federal Reserve still saw three interest rate cuts this year even after recent data pointed to a bounce in inflation.
Fonte: brieflyza - 🏆 10. / 68 Consulte Mais informação »

Wall St gains as bond yields ease from highs - SABC News - Breaking news, special reports, world, business,Wall Street's main stock indexes advanced in choppy trading on Monday
Fonte: SABC News Online - 🏆 32. / 51 Consulte Mais informação »