Asian Stocks Set to Open Higher; Oil Holds Surge: Markets Wrap

(Bloomberg) — Asian stocks looked poised to open higher following a volatile session in the U.S., with oil producers well supported after President Donald Trump said Russia and Saudi Arabia would cut production.The S&P 500 closed up 2.3% with energy shares the best performers, while consumer discretionary stocks lagged after jobless claims doubled from last week to 6.6 million. Futures in Japan climbed, Australian shares opened higher and U.S. contracts were little changed in Asia. Treasuries retreated Thursday amid a slew of corporate supply. West Texas crude slipped back below $25 a barrel after surging 22% on Thursday — an …read more

Source:: Yahoo Finance


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