: Asian markets mostly rose Tuesday and London hit a fresh record, with hopes for earnings this week from tech titans helping to offset worries about the Federal Reserve's interest rate plans ahead of the release of key US growth and inflation data.
Focus is now on the corporate reports from Wall Street titans including Amazon, Apple, Netflix and General Motors, with observers saying that traders are keen to see strong earnings as well as positive outlooks. London rose again, having closed at a record high Monday with the Bank of England tipped to slash interest rates soon thanks to cooling inflation.Key data out of Washington this week will provide a fresh idea about the central bank's plans, with updates on US gross domestic product and monetary policymakers' preferred gauge of inflation the standouts.
Oil prices edged up slightly, having retreated Monday on relief that Tehran had not retaliated to an Israeli strike at the end of last week that fanned worries of a potentially catastrophic escalation of the Middle East crisis.The commodity is still up about 14 percent this year owing to output cuts by OPEC and other key producers, as well as concerns about the impact of Russia's war in Ukraine.