41. Asian share markets were mixed Tuesday with the benefit of a stronger Wall Steet offset by profit-taking and doubts about the strength of the global economic recovery. 42. Australian shares face an uncertain week ahead with volatile US equity markets and uncertainty about global recovery likely to lead to nervous trade, dealers said. 43. Australian shares are expected to lose ground next week as concern about the global economic recovery causes continued selling in resource stocks, dealers said. 44. BNP Paribas Equities director John Bowie Wilson said the Australian market will be looking offshore for direction after recent volatility on concerns the global recovery may have stalled. 45. Base metals prices remained under pressure as high oil prices cast a pall over prospects for a global economic recovery and hence demand for metals. 46. But boardroom gloom in the quarterly Tankan fell short of expectations, reflecting hope of a global economic recovery, analysts said. 47. But some analysts are warning that by reaping the rewards of a rising oil price now, OPEC could also slam the brakes on a tentative global economic recovery. 48. But boardroom gloom in the quarterly Tankan was not as bad as expected, reflecting hopes for a global economic recovery, analysts said. 49. De Guindos said the ministers also reiterated what they had agreed on at their opening session Friday evening, that global economic recovery was now manifest. 50. Cohen said the euro will firm up slightly on the back of a US-led global economic recovery. |