BEIJING (AP) - Asian markets fell today after Wall Street declined on pessimism about fuel prices and stagnant job growth while investors waited for a speech by Fed Chairman Ben Bernanke, hoping for possible signs of new U.S. stimulus.
Traders were waiting for Bernanke's speech Friday in Jackson Hole, Wyoming, hoping for signs of new stimulus plans. Hopes for further action took a blow this week when the Fed's "Beige Book" survey of economic sentiment was fairly positive.
Benchmark crude oil dipped and remains under $95. The dollar fell against the yen and was nearly unchanged against the euro.
First Coast News