10Aug2021 Market Close: Oil Prices Bounce Back, WTI Settles At 68.39, Dollar Hits 5-Month Highs 93.08, DOW Closes Up 163 Points To End At Record High, Bitcoin At 45500
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AustraliaShanghaiChinaIraqUnited-statesIndiaBaghdadIranTehranVietnamRepublic-ofBostonGlobal stocks rose on Wednesday, lifted mostly by upbeat corporate earnings.
China toned down its criticism of online gaming, easing fears that the industry is next in line for the ongoing tech crackdown.
“The incident is a reminder of the risks associated with unpredictable regulation in China,” a UBS economist said.
European and Asian stocks edged higher on Wednesday, but US futures remained steady as investors weighed up strong earnings from bank and energy corporates.
Chinese state media softened its tone on online gaming a day after a state-run outlet slammed the industry, calling it “spiritual opium” and “electronic drugs.”
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