Asia Stocks to Rise on Mideast Diplomacy Efforts: Markets Wrap

-- Asia stocks are set for gains Tuesday after US equities rose amid diplomatic efforts to prevent the Israel-Hamas war from expanding into a regional conflict.Stocks Rise Amid Efforts to Stifle Israel Conflict: Markets Wrap

The outlook for earnings is weakening and could remain subdued, according to strategists from Morgan Stanley to JPMorgan Chase & Co. Meantime, BlackRock Inc. strategists are modifying their underweight approach to Treasury bonds, though not enough to send a buy signal as a relentless rise in 10-year yields promises to provide volatility that can swing the market up or down.

Pfizer Inc.’s announcement that it will cut $9 billion from annual sales guidance due to declining demand for Covid shots and pills was met with relief by investors eager to understand the company’s post-pandemic growth strategy. US pharmacy chain Rite Aid Corp. filed for bankruptcy in an effort to close unprofitable stores, address lawsuits over its role in the opioid pandemic and rework a debt load of roughly $4 billion.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Asia Stocks to Rise on Mideast Diplomacy Efforts: Markets WrapAsia stocks are set for gains Tuesday after US equities rose amid diplomatic efforts to prevent the Israel-Hamas war from expanding into a regional conflict.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stocks rise amid Middle East tensions: Stock market news todayEfforts to stop the Israel-Hamas clash from becoming a full-blown conflict have taken center stage as investors wait for earnings to roll in.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Polish stocks rise in first session after parliamentary electionMarket News
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

U.S. stocks rise amid efforts to stifle Israel conflictStocks rose and bonds fell amid diplomatic efforts to prevent the Israel-Hamas war from expanding into a regional conflict. Oil edged lower, following last week’s rally.
Source: BNNBloomberg - 🏆 83. / 50 Read more »