Asia stocks hover below nine month peak after Wall Street stalls

TOKYO: Asian stocks hovered below a nine-month peak on Tuesday after disappointing bank earnings dented Wall Street, though recent signs the global economy is likely to avoid a sharper downturn helped limit the losses.The index had risen to its highest level since July 2018 the previous day after strong data from China eased investor concerns about the health of the global economy. Expectations that Chinese and U.S. trade negotiators would strike a deal soon also lifted confidence.

Wall Street lost ground on Monday, dragged down as underwhelming bank earnings curbed investor enthusiasm. But while all three major U.S. stock indexes edged lower, the S&P 500 remained within a percent of its record high. U.S. West Texas Intermediate crude futures were up 0.15 percent at US$63.50 per barrel after losing nearly 0.8 percent the previous day.Oil had rallied on tightening global supplies, as output has fallen in Iran and Venezuela amid signs the United States will further toughen sanctions on those two OPEC producers, and on the threat that renewed fighting could stop production in Libya.

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.

Wall Street gains, as JPMorgan surges after earningsThe S&P 500 crossed the 2,900 mark for the first time since early October on Friday, boosted by a jump in Walt Disney shares and as bank stocks ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Tokyo: Stocks open lower after Wall Street losses[TOKYO] Tokyo stocks opened lower on Tuesday, with investors turning cautious after modest drops on Wall Street. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Wall Street ekes out slight gains at open, earnings awaitedU.S. stocks opened marginally higher on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Wall Street flat as growth worries persist; banks gain ahead of earningsU.S. stocks opened marginally higher on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Wall Street dips ahead of big bank earningsU.S. stocks opened marginally higher on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »