Breaking News

Asian markets look to follow Wall Street rally as oil surges

By Herbert Lash NEW YORK (Reuters) - Asian markets on Friday looked to latch onto Wall Street's overnight gains after crude prices notched their biggest one-day surge on record, helping offset concerns about the depth of a global recession. Despite the rally in stocks, investors still sought the safety of the U.S. dollar and government bonds as an unprecedented number of Americans - 6.6 million - filed jobless claims due to coronavirus-induced lockdowns, as economic concerns stayed front and center

The post Asian markets look to follow Wall Street rally as oil surges appeared first on Firstpost.



from Firstpost https://ift.tt/2ymEOz1
https://ift.tt/eA8V8J

No comments