HONG KONG, Oct 18, (APP/AFP) – Asian markets climbed Tuesday, while the dollar struggled to recover from losses against its main peers following mixed readings on the US economy. The gains came despite a negative lead from New York and Europe, where traders are awaiting key events this week, including Chinese growth data, the last presidential debate and a European Central Bank policy meeting. A below-par reading Monday on manufacturing in New York offset news that overall factory production grew for the third time in four months. While investors globally expect US interest rates will rise by the end of the year, the figures tempered expectations for future hikes. Federal Reserve Vice Chairman Stanley Fischer warned that interest rates would likely be suppressed by several factors including weak economic growth at home and abroad and low corporate investment.
Business News
Asian markets climb, dollar dips after US figures
