Asian shares got off to a subdued start on Tuesday as investors braced for key e...
TOKYO - Asian shares got off to a subdued start on Tuesday as investors braced for key events later in the week, including the kick-off of the U.S. earnings season and a crucial Brexit summit, while broader concerns over slowing global growth checked sentiment.
The S&P 500, however, moved on its own momentum for its eight straight session of gains and the longest winning streak since October 2017, as rallying crude prices lifted energy shares. “The market is very much in a wait-and-watch mode,” said Nick Twidale, chief operating officer at Rakuten Securities Australia in Sydney.
Investors will also focus on a European Central Bank meeting on Wednesday and the start in earnest of the U.S. first-quarter earnings period, with analysts now expecting it to be the first quarter of contracting corporate earnings since 2016.
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