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Asian Stocks Mixed; Treasuries Tick Higher: Markets Wrap


Added 04-17-19 10:04:02pm EST - “(Bloomberg) -- Asian stocks were mixed Thursday after the latest batch of corporate earnings did little to boost their U.S. counterparts. Treasuries inched higher.” - Finance.yahoo.com

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Posted By TheNewsCommenter: From Finance.yahoo.com: “Asian Stocks Mixed; Treasuries Tick Higher: Markets Wrap”. Below is an excerpt from the article.

(Bloomberg) -- Asian stocks were mixed Thursday after the latest batch of corporate earnings did little to boost their U.S. counterparts. Treasuries inched higher.

Shares in Japan and South Korea drifted, while those in Australia eked out gains. Earlier, the S&P 500 Index retreated, led by a drop in health-care providers on concern about policy changes. Earnings from financials and transportation bellwethers painted a mixed picture on the state of the economy. The dollar was little changed.

Investors are growing more optimistic the anticipated drop in first quarter earnings won’t spoil the year as results continue to pour in. Chinese data Wednesday appears to have calmed concerns that the world’s second-largest economy was headed for a slowdown. Still, volumes are low and will likely remain so ahead of the upcoming Easter holidays in many countries.

Elsewhere, oil declined after government data showed U.S. crude and gasoline supplies shrinking less than forecast by an industry report.

Earnings season rolls on this week, with reports due from American Express, Honeywell, Alcoa and Taiwan Semiconductor among others.A swathe of financial markets will close across the Western world for the Good Friday holiday, including in the U.S., U.K. and Germany.

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