Asia stocks hover below nine-month high after Wall Street stalls

Koji Sasahara/The Associated Press

“That said, market sentiment is still relatively well supported as recent Chinese indicators proved to be strong and prompted the markets to readjust their views on the global economy.” The 10-year U.S. Treasury yield was at 2.550 per cent, edging back from a four-week high of 2.574 per cent reached on Monday.Elsewhere in commodities, the recent rally in crude oil prices halted on the prospect of Russia and OPEC boosting production to fight for market share with the United States.

The dollar, which tends to underperform when risk appetite increases, was steady at 96.980 against a basket of six major currencies, extending overnight losses.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Asia stocks hover below nine-month peak after Wall Street stallsBut while all three major U.S. stock indexes edged lower, the S&P 500 remained within a percent of its record high
Source: globeandmail - 🏆 5. / 92 Read more »

U.S. stocks ‘fear gauge’ at 6-month low as Wall Street eyes new highsU.S. stocks ‘fear gauge’ at 6-month low as Wall Street eyes new highs GlobeInvestor
Source: globeandmail - 🏆 5. / 92 Read more »

Asian stocks climb following lacklustre day on Wall StreetInvestors watch for Chinese trade data due out Friday
Source: globeandmail - 🏆 5. / 92 Read more »

Posthaste April 12: Blockbuster energy deal, Wall Street beats and Ontario’s business-friendly budgetStuff you need to know today
Source: nationalpost - 🏆 10. / 80 Read more »

Wall Street calling! World market themes for the week aheadWall Street calling! World market themes for the week ahead GlobeInvestor
Source: globeandmail - 🏆 5. / 92 Read more »