Asian share markets were looking to extend their recent rally on Wednesday as investors chose to accentuate the positive in a mixed bag of global economic data, pressuring safe havens such as the yen and government bonds.
By Spencer Osborne:
It may not have made me very popular with Arena (ARNA) retail longs, but my article this morning spelled out that the sales numbers were not likely to impress the Street when Arena announced its quarterly results. After hours,...
International rating agency Moody's on Tuesday said the bleeding rupee, the twin deficits and weaker growth are already factored in the current Baa3 sovereign rating, and thus do not accentuate already weak fundamentals of the country.
J.P. Morgan Chase, reporting quarterly results, went to pains to accentuate positives, with the word "record" appearing 10 times on just the first page of its earnings release. But some other measures aren't near record levels.
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