News Snapshot:
view original post HONG KONG – Markets fluctuated in Asia on Tuesday as traders nervously geared up for a slew of earnings from the world’s biggest firms and an expected Federal Reserve interest rate hike. A shock cut in US retail titan Walmart’s profit outlook poured fuel on concerns that surging inflation and rising borrowing costs are hammering consumer spending and could send the economy into recession. The news left markets concerned about what’s to come from other Wall Street giants this week — including Apple, Amazon, McDonald’s and General Motors. Adding to the unease on trading floors was news...
