Asian Markets Recover Following Wall Street

Asian markets headed higher on Tuesday, recovering from the previous session’s losses after commodities and shares on Wall Street rebounded.

US shares bounced back from big losses last week, when the Federal Reserve kept interest rates unchanged over worries about the global economy.

Oil prices fell in early trade after rising over 4% overnight on declining stockpiles and drilling activity.

In Australia, the benchmark S&P/ASX 200 index was up 0.6% to 5,096.20 points.
Trading is lighter than usual with the region’s biggest market, Japan, closed until Wednesday for public holidays.

Via BBC News

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza