The first definition that appears in an online search for the meaning of "resilience" is "the capacity to withstand or to recover quickly from difficulties; toughness."Shares in the world's AI and chip darling roared back 6.8% on Tuesday for their best day in a month, enough to recover the previous day's slump, narrow the recent correction, and set the tone for a tech-led rise in U.S. and global equities.
There doesn't appear much from Tuesday's U.S. session, other than tech's bounce, to give a signal either way - the dollar rose a bit, Treasury yields were flat, and the tone from remarks by two Fed governors probably leaned on the hawkish side. The regional economic data calendar is extremely light on Wednesday, with only Australian inflation and manufacturing data from Singapore set for release.
The Aussie dollar is reacting accordingly - it is the second best performing G10 currency against the U.S. dollar this year behind sterling.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »