NewsFeeder
Headline News
Asian Stocks to Track U.S. Gains as Tech Rebounds: Markets Wrap
(Bloomberg) -- Asian stocks were primed for gains Thursday after U.S. equities rebounded from a three-day rout, with buyers pushing the tech-heavy Nasdaq 100 to its best day since April. The dollar fell.Futures advanced in Japan, Hong Kong and Australia. S&P 500 contracts were little changed after the index rose the most since June, though finished well off session highs. The Nasdaq gains followed an 11% rout that took it down to its 50-day moving average, a closely-watched technical level. Treasuries retreated, while the pound headed for its longest declining streak since March on worries that talks could collapse over changes to the Brexit withdrawal deal.With volatility remaining elevated, investors will be on guard for any signs the selling in stocks may resume. Thursday brings the European Central Bank’s latest policy decision and weekly jobless claims data in the U.S.“We are in a recovery but this recovery is about to slow down,” David Kelly, chief global strategist at JPMorgan Asset Management, said on Bloomberg TV. “It’s important for investors at this stage to be disciplined and realize that just because we’ve seen some good economic numbers and because the market seems to be OK here, don’t take your eye off the ball.”Elsewhere, crude oil edged lower and gold was steady.Here are some key events coming up:The ECB is expected to hold rates steady on Thursday but indicate that downside risks have intensified, suggesting further easing is possible before year-end.The U.S. releases initial jobless claims numbers Thursday.U.S. CPI data is due Friday, with consumer prices expected to have risen in August.These are the main moves in markets:StocksS&P 500 futures were little changed as of 7:15 a.m. in Tokyo. The gauge rose 2% on Wednesday.Futures on Japan’s Nikkei 225 advanced 1.2%.Hang Seng futures added 0.9%.Futures on Australia’s S&P/ASX 200 Index gained 1.3%.CurrenciesThe Bloomberg Dollar Spot Index fell 0.4%.The euro bought $1.1805.The yen was at 106.17 per dollar.The offshore yuan traded at 6.8333 per dollar.BondsThe yield on 10-year Treasuries climbed two basis points to 0.70%.CommoditiesWest Texas Intermediate crude slipped 0.5% to $37.86 a barrel.Gold was at $1,946.37 an ounce, little changed.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
https://finance.yahoo.com/news/stocks-asia-track-u-gains-214336051.html?.tsrc=rss
(Bloomberg) -- Asian stocks were primed for gains Thursday after U.S. equities rebounded from a three-day rout, with buyers pushing the tech-heavy Nasdaq 100 to its best day since April. The dollar fell.Futures advanced in Japan, Hong Kong and Australia. S&P 500 contracts were little changed after the index rose the most since June, though finished well off session highs. The Nasdaq gains followed an 11% rout that took it down to its 50-day moving average, a closely-watched technical level. Treasuries retreated, while the pound headed for its longest declining streak since March on worries that talks could collapse over changes to the Brexit withdrawal deal.With volatility remaining elevated, investors will be on guard for any signs the selling in stocks may resume. Thursday brings the European Central Bank’s latest policy decision and weekly jobless claims data in the U.S.“We are in a recovery but this recovery is about to slow down,” David Kelly, chief global strategist at JPMorgan Asset Management, said on Bloomberg TV. “It’s important for investors at this stage to be disciplined and realize that just because we’ve seen some good economic numbers and because the market seems to be OK here, don’t take your eye off the ball.”Elsewhere, crude oil edged lower and gold was steady.Here are some key events coming up:The ECB is expected to hold rates steady on Thursday but indicate that downside risks have intensified, suggesting further easing is possible before year-end.The U.S. releases initial jobless claims numbers Thursday.U.S. CPI data is due Friday, with consumer prices expected to have risen in August.These are the main moves in markets:StocksS&P 500 futures were little changed as of 7:15 a.m. in Tokyo. The gauge rose 2% on Wednesday.Futures on Japan’s Nikkei 225 advanced 1.2%.Hang Seng futures added 0.9%.Futures on Australia’s S&P/ASX 200 Index gained 1.3%.CurrenciesThe Bloomberg Dollar Spot Index fell 0.4%.The euro bought $1.1805.The yen was at 106.17 per dollar.The offshore yuan traded at 6.8333 per dollar.BondsThe yield on 10-year Treasuries climbed two basis points to 0.70%.CommoditiesWest Texas Intermediate crude slipped 0.5% to $37.86 a barrel.Gold was at $1,946.37 an ounce, little changed.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
https://finance.yahoo.com/news/stocks-asia-track-u-gains-214336051.html?.tsrc=rss
