BANGKOK — Asian shares were mostly higher Tuesday after a wobbly day on Wall Street as markets cooled off following a rare winning week.
Oil prices pushed higher and U.S. futures also advanced.
Rising energy prices and Treasury bond yields were weighing on sentiment after last week’s rally, and investors were awaiting remarks expected for midweek by central bank leaders including Federal Reserve Chair Jerome Powell and European Central Bank chief Christine Lagarde, analysts said.
Investors will get an update on U.S. economic growth on Wednesday when the Commerce Department releases a report on first-quarter gross domestic product. U.S. consumer confidence data is also on the agenda in a week that has few other major economic releases. So some investors have adopted a “wait and see” stance, said Jun Rong Yeap of IG.
“Investors and traders are worried about the soaring inflation…
