Asian indices opened mixed on Tuesday as cautious sentiment prevailed following a mixed finish on Wall Street due to lower energy prices and as Australian markets reacted to mixed corporate earnings.
Overnight, U.S. stocks pulled back from Friday’s records to close narrowly mixed on the back of weakness in oil prices and ahead of Federal Reserve Chair Janet Yellen’s testimony over the next two days. The Dow Jones Industrial Average and the S&P 500 settled slightly below the flatline, while the tech-heavy Nasdaq closed up 0.1 percent as Apple closed at another all-time high. In Asia, China markets remained shut for the Chinese New Year holiday.
Australia’s S&P ASX 200 index inched down in early trade as the banking sector turned negative, but a surprisingly resilient energy sector helped to offset losses.
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