scorecardresearchGlobal Markets Wrap: Stocks Rise as Earnings Stir Bets for Soft Landing

Global Markets Wrap: Stocks Rise as Earnings Stir Bets for Soft Landing

Updated: 04 Aug 2022, 07:49 AM IST
TL;DR.
Asian stocks rose Thursday after a US rally triggered by earnings and robust economic data, while bets on further Federal Reserve interest-rate hikes supported shorter maturity Treasury yields.
A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Wednesday, Aug. 3, 2022. Asian stock markets rose Wednesday as traders watched for signs trade might be disrupted by U.S.-Chinese tension over an American lawmaker's visit to Taiwan. (AP Photo/Kin Cheung)

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Wednesday, Aug. 3, 2022. Asian stock markets rose Wednesday as traders watched for signs trade might be disrupted by U.S.-Chinese tension over an American lawmaker's visit to Taiwan. (AP Photo/Kin Cheung)