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Chinese Market Policies

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"Asian Markets Follow Wall Street's Lead, Eyes on US Jobs and Corporate Earnings"
finance2 years ago

"Asian Markets Follow Wall Street's Lead, Eyes on US Jobs and Corporate Earnings"

Asian shares mostly rose, tracking gains on Wall Street, with Chinese shares gaining after market-enhancing policies were issued, while Tokyo's benchmark slipped. U.S. futures and oil prices advanced. Wall Street drifted higher, with the S&P 500 nearly returning to its all-time high. Stocks have been under pressure as hints suggest the Federal Reserve is unlikely to cut interest rates soon, but strong company profits are hoped to boost stock prices. Notable earnings include GE Healthcare, Palantir Technologies, and Spotify, offsetting FMC's tumble. The bond market calmed, and energy trading saw gains.