Asian markets cautious ahead of major corporate earnings

TREC is similar to Hong Kong's Lan Kwai Fong and Singapore's Clarke Quay entertainment districts. Photo: Khalil Adis Consultancy.

“Some of the world’s biggest technology companies are reporting earnings this week as well as a raft of the big European banks,” Nick Twidale, chief operating officer at Rakuten Securities Australia, said in a note to clients. Financial analysts have already slashed their 2019 profit forecasts after Boeing announced earlier in April it was cutting its monthly production of the 737 by about 20 percent.Separately, Sri Lankan stocks plunged by 2.6 percent — their biggest drop in four years — as the Colombo Stock Exchange reopened for trading after terror attacks on Easter Sunday killed more than 300 people.

“This points to a big drop in the supply side, which boosts the commodity’s price. Iran’s daily oil output amounts to 1.3 million barrels, according to latest figures in end March,” said Margaret Yang Yan, market analyst at CMC Markets Singapore.

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.

Hong Kong: Stocks dip at open on Tuesday[HONG KONG] Hong Kong stocks dipped slightly at the open on Tuesday as investors returned after a long Easter break. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Asian stocks inch up but China falters; oil at 2019 highsAsian shares were little changed on Tuesday, hovering not far from nine-month peaks hit last week, with concerns China may slow the pace of policy ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asian markets cautious ahead of major corporate earningsStocks were generally lower in Asian trade on Tuesday as investors move cautiously ahead of a deluge of corporate results later in the week.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Singapore still among top 5 most expensive Asian cities for business travellersA recent report by ECA International showed that the cost of living for business travellers in Singapore is cheaper than in Hong Kong. Average cost of
Source: IndependentSG - 🏆 2. / 72 Read more »