Asian markets track Wall Street rally on easing recession fears ...Qatar

Stocks rose yesterday following a rally on Wall Street in response to data indicating US consumers remained resilient to surging inflation and higher interest rates, easing concerns about a possible recession. Still, investors continue to fret over the economic outlook, with Russia’s war in Ukraine showing no sign of ending, China locking down cities to fight a new Covid flare-up, and central banks quickly tightening monetary policy. All three main indexes in New York had raced higher on Friday after June retail sales came in above forecasts and banking giant Citigroup’s April-June results beat expectations. While a strong set of economic data has of late boosted bets on the US Federal Rese

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Last updated : 18 July 2022 clock 09:28 PM

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Asian markets track Wall Street rally on easing recession fears ...Qatar

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