Banks are up nicely (typically 3-4%) after selling off recently. The airlines also have strong gains of 4-5% after heavy selling caused by high priced oil. Oil is little changed, above 136.
Tuesday, July 8, 2008
Asian markets advance
Asian markets rebounded nicely following gains in the US & also helped by lower oil prices. All markets are up 1-3+% in their morning sessions. Shanghai is up about 10% from its recent lows a couple of days ago, Hong Kong has rebounded after a 15 week decline & Tokyo reversed its 3 week decline mirroring declines in the US:
Banks are up nicely (typically 3-4%) after selling off recently. The airlines also have strong gains of 4-5% after heavy selling caused by high priced oil. Oil is little changed, above 136.
Banks are up nicely (typically 3-4%) after selling off recently. The airlines also have strong gains of 4-5% after heavy selling caused by high priced oil. Oil is little changed, above 136.
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