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Asian stocks set for weekly gains as recession fears fade


Asian stocks set for weekly gains as recession fears fade

By Rae Wee SINGAPORE (Reuters) – Asian shares headed for a weekly gain on Friday and Japan’s benchmark Nikkei index was on track for its best week in more than four years as optimistic risk sentiment spilled over from Wall Street while the dollar and U.S. Treasury yields remained broadly stable. Last week’s market turmoil […]

Walmart earnings and retail sales lift stocks and ease recession fears


Walmart earnings and retail sales lift stocks and ease recession fears

(Photo credit: PAUL J.RICHARDS/AFP via Getty Images) AFP via Getty Images Walmart shares rose 8.4% after the retail giant delivered another strong earnings report that beat revenue and profit estimates and raised its full-year guidance. Investors viewed the earnings report and the improved retail sales data released around the same time as confirmation that a […]