[HONG KONG] Asian markets were mixed on Wednesday, with a strong lead from Wall Street offset by lingering concerns about the global economy, while oil prices extended gains after Russia reassured over its intention to cut output. Read more at The Business Times.
[HONG KONG] Asian markets were mixed on Wednesday, with a strong lead from Wall Street offset by lingering concerns about the global economy, while oil prices extended gains after Russia reassured over its intention to cut output.
And Oanda senior market analyst Jeffrey Halley said the reaction to the so-called yield curve inversion - which was last seen ahead of the financial crisis a decade ago - had been"quickly consigned to history".He added that"the volte-face in sentiment suggests to me that despite all the noise, markets are flip-flopping on short-term data as we await the conclusion of the only real game in town: the US-China trade talks".
"Russia is making good on its promise," Takayuki Nogami, chief economist at Japan Oil, Gas and Metals National Corp, told Bloomberg News.
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