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Asian stock markets choppy after US lukewarm data

6:15 AM, May 31, 2013   |    comments
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BANGKOK (AP) - Asian stock markets were choppy Friday after lackluster U.S. economic reports raised expectations that the U.S. Federal Reserve would stick to its aggressive stimulus policies.

U.S. unemployment claims rose and first-quarter growth was revised lower Thursday, which in a perverse turn of events was encouraging for investors who want to see the Fed continue its mammoth purchases of government bonds to support the U.S. economy.

Some analysts said it was worrying how investors plowed into stocks despite the negative economic reports.

Benchmark crude oil rose closer to $94 per barrel. The dollar rose against the euro and the yen.

 

 

 

 

 

Associated Press

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