Financial Markets Mark Time at Key Technical Levels
Benchmark financial assets are little changed from yesterday, with global stock and oil prices continuing to hint at possible double tops emerging at June’s highs while the US Dollar clings to support eyeing a recovery.
U.S. financial stocks fall, pressured by the latest round of U.S. economic data reports, but buoyed by gains of realty giant CB Richard Ellis Group Inc.
Shinhan Financial Group Co. , South Korea’s largest financial company by market value, said second- quarter profit advanced 34 percent as the nation’s economy recovered and provisions for bad debts declined.
