Motilal Oswal
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Motilal Oswal
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Asia shares edge up, pound gets moment's peace

Updated : January 17, 2019 08:23 AM IST

On Wall Street, strong earnings from Bank of America and Goldman Sachs eased worries about the earnings outlook. Bank of America shares jumped 7.2 percent and Goldman 9.5 percent.
Investors in Asia might be less encouraged by a Wall Street Journal report that US federal prosecutors were investigating Huawei Technologies, the world's largest telecommunications equipment maker, for allegedly stealing trade secrets from US businesses and could soon issue an indictment.
As expected, British Prime Minister Theresa May narrowly won a confidence vote overnight and invited other party leaders for talks to try to break the impasse on a Brexit divorce deal.
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