HONG KONG, Oct 26 ― Asian stocks inched higher today, as upbeat Wall Street earnings lifted the broader economic outlook though fresh worries about China's property sector hit Hong Kong and mainland markets.
A large proportion of S&P 500 companies are due to report results this week, including technology heavyweights Facebook, Apple Inc, Amazon, Microsoft, and Alphabet, which have been the drivers of the market rally this year. China has said it will roll out a pilot real estate tax in some regions, adding to existing investor concerns about real estate in the mainland.“The market is still going in a strong trend, particularly as it started to digest that Fed will start tapering in November,” said Edison Pun, Senior Market Analyst at Saxo Markets.
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global stocks gain as upbeat Wall Street earnings lift outlook | Malay MailNEW YORK, Oct 26 ― Global stocks rose and Treasury yields dipped yesterday with major Wall Street benchmarks hitting fresh records, buoyed by a robust start to the US corporate earnings season and an improving economic outlook. A large proportion of S&P 500 companies are due to report results...
Source: malaymail - 🏆 1. / 86 Read more »
Asian shares steady, dollar weak as traders await earnings | Malay MailHONG KONG, Oct 25 — Asian shares started steady today ahead of a week packed with major quarterly earnings announcements, while the dollar hovered near October lows after three weeks of risk-friendly sentiment hurt safe-haven currencies. HSBC and Facebook will both publish quarterly results...
Source: malaymail - 🏆 1. / 86 Read more »
Global stocks gain as upbeat Wall Street earnings lift outlook | Malay MailNEW YORK, Oct 26 ― Global stocks rose and Treasury yields dipped yesterday with major Wall Street benchmarks hitting fresh records, buoyed by a robust start to the US corporate earnings season and an improving economic outlook. A large proportion of S&P 500 companies are due to report results...
Source: malaymail - 🏆 1. / 86 Read more »