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Asian stocks fall

7:20 AM, Jan 8, 2013   |    comments
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BANGKOK (AP) - Asian stock markets headed lower today as investors turned cautious before U.S. earnings season kicks off this week.

Investors will get a feel for corporate America's outlook as earnings reports start coming. Aluminum producer Alcoa Inc. will unofficially launch the reporting season for the fourth quarter of 2012 on Tuesday after U.S. markets close.

Events during the quarter such as Superstorm Sandy, the presidential election, and worries about the narrowly avoided "fiscal cliff" could lead to some unexpected results.

Benchmark crude oil inched up to remain above $93 per barrel. The dollar fell against the euro and the yen.

 

 

 

 

 

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