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Asia Stocks Fall as U.S. Indexes Slip From Record: Markets Wrap
Bloomberg 1 hr ago Andreea Papuc and Emily Barrett
(Bloomberg) Asia stocks fell in early trade Tuesday after weakness in the technology sector pulled U.S. indexes from all-time peaks, with investors weighing corporate earnings and recent spikes in virus cases. The yen hit its strongest levels since early March.
Shares opened lower in China and Hong Kong and Japan led declines across the region. U.S. contracts edged higher, after the tech-heavy Nasdaq 100 Index underperformed in the U.S. session, while the S&P 500 Index also fell. Tesla Inc. slumped after concerns about a fatal crash of one of its electric vehicles, which appeared to have no driver.
Oil Edges Higher Toward $64 on Anniversary of Plunge Below Zero
Bloomberg 1 hr ago Sharon Cho
(Bloomberg) Oil edged higher toward $64 a barrel as traders monitored a patchwork recovery in demand from the coronavirus pandemic a year to the day since futures for the U.S. benchmark went negative.
West Texas Intermediate rose 0.3% in Asia after closing modestly higher on Monday. In the U.S., refinery runs climbed to the highest in over a year as economic activity picked up, but oil demand in India is suffering amid a brutal fresh wave of Covid-19 infections. The dollar fell for a sixth straight session on Monday, boosting the appeal of commodities priced in the currency.
Oil Rises Toward $64 on Anniversary of Historic Crash Below Zero
Bloomberg 1 hr ago Sharon Cho
(Bloomberg) Oil advanced toward $64 a barrel as traders monitored a patchwork recovery in demand from the coronavirus pandemic a year to the day since futures for the U.S. benchmark plunged below zero.
West Texas Intermediate rose 0.8% after closing modestly higher on Monday. In the U.S., refinery runs have climbed to the highest in over a year as activity picks up, but oil demand in India is suffering amid a fresh wave of infections. An additional boost for crude came from a weaker dollar, which fell for a seventh session, boosting the appeal of commodities priced in the currency.