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Asian shares are mostly higher while US futures and oil prices hold steady
Investors awaited Federal Reserve minutes and retailer results as Tokyo, Hong Kong and Shanghai advanced on stronger Japanese growth data.
- Asian shares rose Monday, with the Hang Seng gaining 1.6% and the Shanghai Composite index rising 0.8% after U.S. stocks edged back from their all-time high following a weaker-than-expected economic report.
- Wall Street and economists await the Federal Reserve's July meeting minutes on Wednesday, seeking clarity on interest rate policy amid concerns regarding "Stagflation." The Fed faces challenges balancing stagnation and inflation simultaneously.
- Investors will monitor upcoming retail earnings, with Home Depot reporting results on Tuesday, followed by Target and Lowes on Wednesday, and Walmart on Thursday. These reports will provide insight into consumer spending amid inflation pressures.
- The Nikkei gained 0.3% after Japanese government data showed 1.1% annual growth in the April-June quarter, while Brent crude edged 0.1% higher to $88.62 per barrel in early dealings on Monday.
- Markets in South Korea remained closed for a holiday, while The Dow Jones Industrial Average dipped 0.2% as investors balanced optimism about lower interest rates against concerns that economic growth may be slowing.
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28 Articles
28 Articles
Asian shares operated mostly on the rise as investors recalibrate expectations about interest rates in the United States. Oil, on the other hand, receded after Friday’s rise, although the continuation of the conflict in the Middle East keeps the energy market under pressure. Read more
·Buenos Aires, Argentina
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Coverage Details
Total News Sources28
Leaning Left12Leaning Right0Center13Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 48%
C 52%
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