Asia Stocks to Rise as Tesla Buoys US Tech Giants: Markets Wrap
Stocks in Asia advanced after a US rally in tech heavyweights, whose high-stakes earnings are considered by Wall Street investors a major test of the equities bull run.
Stocks in Asia advanced after a US rally in tech heavyweights, whose high-stakes earnings are considered by Wall Street investors a major test of the equities bull run.
China’s local credit yields have fallen to the lowest level ever as investors load up on corporate bonds to boost returns in a financial system awash in liquidity.
Oil held a gain as an industry report showed shrinking US crude stockpiles, and traders tracked progress toward fresh sanctions on Iran.
Japan is on the brink of currency intervention if the yen weakens any further, according to one of the country’s former top currency officials.
Indian rates traders have pushed back expectations for an interest-rate cut way too far and that creates an opportunity in the swaps market, according to Bank of America Corp.
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