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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 retreated from all-time highs following weaker economic data.
- Wall Street and economists await the Federal Reserve's July meeting minutes on Wednesday, seeking clarity on interest rate policy amid concerns about "Stagflation," where stagnating growth meets high inflation.
- Investors will monitor upcoming retail earnings, with Home Depot reporting results on Tuesday, followed by Target and Lowes on Wednesday, and Walmart on Thursday.
- Tokyo's Nikkei gained 0.3% after Japanese government data showed 1.1% annual growth, while Brent crude edged 0.1% higher to $88.62 per barrel in early Monday dealings.
- Markets in South Korea remained closed for a holiday while The Dow Jones Industrial Average traded little changed, reflecting investor caution as economic growth data signal potential slowdown.
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20 Articles
Associated Press News+17 Reposted by 17 other sources
Asian shares are mostly higher while US futures and oil prices hold steady
Shares are mostly higher in Asia after U.S. stocks edged back from their all-time high following a weaker than expected report on the U.S. economy.
·New York, United States
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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 Sources20
Leaning Left9Leaning Right0Center9Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
Factuality
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