Asia stocks rise for third day on earnings; dollar stalls on Comey sacking

Consecutive day on Wednesday as investors focused on strong corporate earnings and the dollar gave back some of its recent gains.

Advertisement

U.S. President Donald Trump’s abrupt dismissal of FBI Director James Comey prompted some unwinding of risky bets in early Asian trading but strategists said investors were cheered by a strong slate of corporate earnings, reflecting the cyclical rebound in the first quarter of 2017 was still in place.

European stocks are set to follow Asia’s example, with major indices set for a broadly flat start according to index futures.

Advertisement
Advertisement
ding GIF

 

Advertisement

leave a reply