Asian markets look set to track the rally on Wall Street after U.S. economic data eased fears of a recession stateside.
Asian markets tracked the rally on Wall Street after U.S. economic data eased fears of a recession.Taiwan and Hong Kong's second-quarter GDP data will be out after market hours.
Asia-Pacific markets rose on Friday and are set to round off the week higher, tracking gains on Wall Street overnight after fresh economic data eased recessionary fears in the U.S.1% in July, far surpassing Dow Jones estimate of a 0.3% uptick. Weekly jobless claims also fell for the week. "Today's solid retail sales and claims data is a reminder that the sky is not falling on the U.S. economy," Wolfe Research chief economist Stephanie Roth wrote on Thursday."Yes, economic momentum has cooled, but we don't appear to be headed for recession imminently."
Traders in Asia will parse revised trade data from South Korea and exports data from Singapore. Second-quarter GDP data will be out after market hours from Taiwan and Hong Kong.Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyCicadas Illinois
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia-Pacific markets extend gains as Wall Street rebounds; China trade data in focusTraders in Asia will assess July trade balance data out of China, with economists expecting exports to grow 9.7% year-over-year and imports to grow 3.5% over…
Read more »
Asia-Pacific markets mostly rise after Wall Street rebounds; China trade data in focusTraders in Asia will assess July trade balance data out of China, with economists expecting exports to grow 9.7% year-over-year and imports to grow 3.5% over the same period.
Read more »
Asia-Pacific markets trade higher, tracking Wall Street gainsLater Tuesday, India is slated to unveil its first budget under Prime Minister Narendra Modi’s third five-year term.
Read more »
Japan's Nikkei drops nearly 3% as Asia-Pacific markets slide, tracking Wall Street sell-offSouth Korea’s GDP grew 2.3% year on year, lower than the 2.5% expected by economists polled by Reuters.
Read more »
Japan's Nikkei drops 3% as Asia-Pacific markets slide, tracking Wall Street sell-offSouth Korea’s GDP grew 2.3% year on year, lower than the 2.5% expected by economists polled by Reuters.
Read more »
Japan's Nikkei tumbles nearly 3% as Asia-Pacific markets fall, tracking Wall Street sell-offSouth Korea’s GDP grew 2.3% year on year, lower than the 2.5% expected by economists polled by Reuters.
Read more »