SINGAPORE: Asian stocks rose on Tuesday as investors' focus on the prospects of a global coronavirus recovery won out over familiar worries about US-China relations and the depth of economic damage.
"There's increasing concern about further deterioration in relations between China and the US," said Michael McCarthy, chief market strategist at brokerage CMC Markets in Sydney. May Purchasing Managers Index data pointed to a fragile but encouraging rebound in global manufacturing - driving hopes that the worst is over.
"Early setbacks would be a very poor sign, but are not expected in the period immediately following the end of lockdowns."Currency and bond markets took a breather, and the safe-haven dollar scraped from multi-month lows against most major currencies and pushed bond yields lower.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia stocks make cautious gains as US-China worries slow recovery rallySINGAPORE (REUTERS) - Asian stocks eked out gains on Tuesday (June 2) as investors' focus on the prospects of a global coronavirus recovery won out over familiar worries about US-China relations and the depth of economic damage.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Tokyo: Stocks open higher despite protests, US-China tension[TOKYO] Tokyo stocks opened higher on Tuesday tracking rallies on Wall Street, shrugging off unrest in many US cities during anti-racism protests, and simmering US-China tensions. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Asia stocks hit 3-month peaks, resilient to US riotingAsian share markets started on a cautious note and gold gained on Monday as images of riots in burning U.S. cities unnerved investors already ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US: Stocks dip as market digests protests, reopenings[NEW YORK] Wall Street stocks dipped in early trading Monday as markets digested a weekend of civil rights protest across the US as the country reopened from coronavirus shutdowns. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US stocks edge up as market digests protests, reopeningsNEW YORK (AFP) - Wall Street stocks edged higher early Monday (June 1) as markets digested a weekend of civil rights protest across the US as the country began to reopen after weeks of coronavirus shutdowns.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »