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Asian stock markets are trading mostly higher on Monday, despite the broadly negative cues from Wall Street on Friday, as traders remained cautious and optimistic a deal will finally be reached on raising the US debt ceiling to avert a first-ever US default, despite talks being paused after Republican negotiators walked out the meeting.
The Australian stock market is modestly lower on Monday, giving up some of the gains in the previous two sessions, with the benchmark S&P/ASX 200 staying below the 7,300 level, following the broadly negative cues from Wall Street on Friday, with weakness in technology and financial stocks partially offset by gains in miners and energy stocks.
StockNews.com assumed coverage on shares of Golden Star Resources (NYSE:GSS – Get Rating) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the stock. Golden Star Resources Price Performance Golden Star Resources has a 12-month low of $2.04 and a 12-month high of $4.04. About Golden Star Resources […]
The Australian stock market is modestly lower on Tuesday, giving up some of the gains in the previous two sessions, with the benchmark S&P/ASX 200 staying below the 7,300 level, despite the positive cues from global markets overnight, as traders reacted to data showing consumer confidence in Australia declined sharply in May.
CANBERA (dpa-AFX) - Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from global markets overnight, as traders remain cautious and reluctant to make significant