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Stock impact report

Asian Stocks Edge Lower, Oil Hovers Near 2014 High: Markets Wrap [Bloomberg Business News]

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Most Asian stocks dipped in a holiday-hit trading session Tuesday, with the dollar and U.S. Treasuries little changed as crude oil held around its highest New York level since 2014. Companies selling baby products saw gains after news that China plans to abandon its policy on childbirths, though the advances weren’t enough to hold up even domestic Chinese equity benchmarks. Japan’s Topix Index edged lower, while Australian shares fell. Without fresh news on U.S.-China trade talks, investors may turn their attention later this week to minutes of the Federal Reserve’s May policy meeting for clues on the likely number of interest-rate hikes remaining this year. While the S&P 500 Index climbed overnight thanks to easing trade tensions, that optimism appeared to have played out by the time Asian trading began Tuesday. Hong Kong and South Korean markets are shut for Buddha’s Birthday. “Markets are going through a bumpy ride,” Bank of Singapore Investment Strategi Show less Read more
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