BEIJING (AP) - Asian markets gained Wednesday today after Wall Street stayed closed for a second day as a hurricane ravaged the East Coast of the United States.
Benchmark crude oil edged up but stayed below $86 a barrel as investors waited for U.S. employment data that are expected to show little improvement.
Global markets stayed calm despite Hurricane Sandy's disruption of U.S. trading. Losses Monday in Europe were recovered Tuesday.
The NYSE said it would reopen Wednesday using backup generators because power is out in much of downtown Manhattan.
Wall Street experts had feared another delay might lead to a dangerous backlog of customer orders to buy and sell stock. It could have dealt a blow to the image of U.S. markets, already hurt by investor distrust, sudden market swings and a series of trading glitches, including the botched IPO of Facebook.
The dollar gained against the euro but fell against the yen.
First Coast News