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Asia Stocks to Open Flat With World at Record High: Markets Wrap
(Bloomberg) -- Asian stocks face a muted Christmas Eve session on Tuesday, with trading diminishing at the end of a year that took a global benchmark to successive record highs.After a becalmed session Monday on Wall Street, futures on Japanese and Hong Kong equity benchmarks were little changed. Australian shares opened flat. U.S. futures were also flat after the S&P 500 closed higher for the eighth time in nine sessions. Volume Monday was more than 20% below its 100-day average for most of the day. The Dow Jones Industrial Average paced indexes as Boeing Co. surged after the company ousted Chief Executive Officer Dennis Muilenburg.Ten-year Treasury yields rose to around 1.93%, 16 basis points higher than where it started the month. Meantime, the dollar heads for only its fourth monthly decline of the year, while the pound is nursing losses after its worst week in more than two years amid Brexit fears.Here are some events to watch for this week:Chinese Premier Li Keqiang hosts a summit with Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae-in Tuesday in Chengdu, focused on trade.Most stock markets close Wednesday for Christmas. Australia, Canada, Germany and U.K. markets also shut on Dec. 26.U.S. jobless claims on Thursday.Japan retail sales and industrial production are scheduled for Friday.China industrial profits also on Friday.These are the main moves in markets:StocksFutures on the S&P 500 Index were little changed as of 8:11 a.m. in Tokyo. The index rose 0.1% Monday.Nikkei 225 were little changed in Chicago.Australia’s S&P/ASX 200 opened little changed.Hong Kong’s Hang Seng futures were little changed earlier. CurrenciesThe euro was flat at $1.1092.The British pound was at $1.2942 after retreating 0.5% Monday.The Japanese yen was flat at 109.40 per dollar.The offshore yuan was at 7.0083 per dollar.BondsThe yield on 10-year Treasuries was little changed at 1.93%.Australian 10-year yields were at 1.31%.CommoditiesWest Texas Intermediate crude was little changed at $60.58 a barrel.Gold was at $1,485.70 an ounce.\--With assistance from Randall Jensen.To contact the reporter on this story: Christopher Anstey in Tokyo at canstey@bloomberg.netTo contact the editor responsible for this story: Christopher Anstey at canstey@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
https://finance.yahoo.com/news/asia-stocks-open-flat-world-222748656.html?.tsrc=rss
(Bloomberg) -- Asian stocks face a muted Christmas Eve session on Tuesday, with trading diminishing at the end of a year that took a global benchmark to successive record highs.After a becalmed session Monday on Wall Street, futures on Japanese and Hong Kong equity benchmarks were little changed. Australian shares opened flat. U.S. futures were also flat after the S&P 500 closed higher for the eighth time in nine sessions. Volume Monday was more than 20% below its 100-day average for most of the day. The Dow Jones Industrial Average paced indexes as Boeing Co. surged after the company ousted Chief Executive Officer Dennis Muilenburg.Ten-year Treasury yields rose to around 1.93%, 16 basis points higher than where it started the month. Meantime, the dollar heads for only its fourth monthly decline of the year, while the pound is nursing losses after its worst week in more than two years amid Brexit fears.Here are some events to watch for this week:Chinese Premier Li Keqiang hosts a summit with Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae-in Tuesday in Chengdu, focused on trade.Most stock markets close Wednesday for Christmas. Australia, Canada, Germany and U.K. markets also shut on Dec. 26.U.S. jobless claims on Thursday.Japan retail sales and industrial production are scheduled for Friday.China industrial profits also on Friday.These are the main moves in markets:StocksFutures on the S&P 500 Index were little changed as of 8:11 a.m. in Tokyo. The index rose 0.1% Monday.Nikkei 225 were little changed in Chicago.Australia’s S&P/ASX 200 opened little changed.Hong Kong’s Hang Seng futures were little changed earlier. CurrenciesThe euro was flat at $1.1092.The British pound was at $1.2942 after retreating 0.5% Monday.The Japanese yen was flat at 109.40 per dollar.The offshore yuan was at 7.0083 per dollar.BondsThe yield on 10-year Treasuries was little changed at 1.93%.Australian 10-year yields were at 1.31%.CommoditiesWest Texas Intermediate crude was little changed at $60.58 a barrel.Gold was at $1,485.70 an ounce.\--With assistance from Randall Jensen.To contact the reporter on this story: Christopher Anstey in Tokyo at canstey@bloomberg.netTo contact the editor responsible for this story: Christopher Anstey at canstey@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
https://finance.yahoo.com/news/asia-stocks-open-flat-world-222748656.html?.tsrc=rss
