Asian stock markets opened higher for a second session on Wednesday thanks to a positive lead from Wall Street overnight.
U.S. stocks rose on Tuesday lifting the S&P 500 to a record, following some steady economic data and corporate earnings. Existing home sales hit an eight-month high in June while the consumer price index rose 0.3 percent in the month after a 0.4 percent rise in May.
Investors are keeping an eye on the ongoing military conflict in the Gaza strip after the U.S. temporarily halted flights to Tel Aviv, following a rocket attack near the airport. There were no new developments on ceasefire talks being held in Egypt with Israel’s justice minister saying that she saw no progress at all.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015