BANGKOK — Shares were mixed in Asia on Monday while U.S. futures fell ahead of the July 4 holiday in the U.S.
Benchmarks rose in Tokyo, Shanghai and Sydney but fell in Hong Kong and Seoul. Oil prices were steady after surging on Friday.
Last week was the fourth losing week in the last five for Wall Street as investors fret over high inflation and the possibility that higher interest rates could bring on a recession.
The most optimistic scenario, a “Goldilocks outcome,” would bring a slowdown significant enough to cool inflation running at its highest level in four decades but not so strong as to result in a “hard landing,” Mizuho Bank said in a commentary.
“This is a tall order that is far from guaranteed at this point,” it said, noting that markets will be looking to comments in minutes from the last Federal Reserve policy meeting, expected Wednesday.
Economic data over the last…
