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Mirroring the broadly positive cues from Wall Street overnight, Asian stock markets are trading mostly higher on Thursday, amid optimism about near-term rate cuts by the US Fed ahead of the release of key U.
The Australian stock market is modestly higher on Thursday, recouping the slight losses in the previous session, following the broadly positive cues from Wall Street overnight.
Australian shares are trading modestly lower on Wednesday, giving up some of the gains in the previous session, with the benchmark S&P/ASX 200 falling below the 7,500 level, following the mixed cues from Wall Street overnight, with losses in mining and energy stocks partially offset by gains in technology stocks.
Asian stock markets are mostly lower on Wednesday, following the mixed cues from Wall Street overnight, as traders look to book some profits after the recent strength in the markets and amid lingering uncertainty about the outlook for interest rates.
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...