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Stocks Head for Weekly Drop, Sovereign Bonds Climb: Markets Wrap
(Bloomberg) -- Global equities were mixed Friday, and headed for the first weekly retreat in three after fears grew of a second wave of infections in a number of economies as governments relax lockdowns. Sovereign bonds climbed.U.S. futures were little changed, while European contracts advanced and the dollar was flat. Asian shares saw a mixed session, with little reaction to Chinese economic data for April that showed a rebound in production as factories reopened, and a deeper than expected drop in retail sales that showcased the damage to consumer demand from the coronavirus. Crude oil rose amid signs of tighter supplies.Flaring U.S.-China tensions have added a note of caution to markets this month after sharp April rebounds in stock benchmarks spanning the globe. President Donald Trump said in remarks broadcast Thursday that he doesn’t want to talk to his Chinese counterpart Xi Jinping right now.Some Asian economies that had enjoyed success quelling the coronavirus, including South Korea and China, are now facing a fresh rise in cases that underscore the tough path ahead. In the U.S., Texas saw its deadliest day and its biggest increase in new cases since the start of the outbreak -- two weeks into reopening.Elsewhere, oil continued to grind higher on the back of Saudi Aramco slashing its sales to key buyers and the IEA saying that the market is showing signs of improving.These are some of the main moves in markets:StocksFutures on the S&P 500 was little changed as of 7:17 a.m. in London. The gauge rose 1.2% Thursday.Euro Stoxx 50 futures rose 1.1%.MSCI Asia Pacific Index was up 0.3%.CurrenciesThe yen was little changed at 107.21 per dollar.The offshore yuan was at 7.1165 per dollar.The euro bought $1.0807, little changed.BondsThe yield on 10-year Treasuries remained at about 0.62%, down about six basis points on the week.Australia’s 10-year yield added one basis point to 0.91%.CommoditiesWest Texas Intermediate crude gained 2.7% to $28.30 a barrel, after rising 9% in the prior session.Gold was up 0.4% at $1,737 an ounce.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/asia-stocks-poised-gain-treasuries-214145302.html?.tsrc=rss
(Bloomberg) -- Global equities were mixed Friday, and headed for the first weekly retreat in three after fears grew of a second wave of infections in a number of economies as governments relax lockdowns. Sovereign bonds climbed.U.S. futures were little changed, while European contracts advanced and the dollar was flat. Asian shares saw a mixed session, with little reaction to Chinese economic data for April that showed a rebound in production as factories reopened, and a deeper than expected drop in retail sales that showcased the damage to consumer demand from the coronavirus. Crude oil rose amid signs of tighter supplies.Flaring U.S.-China tensions have added a note of caution to markets this month after sharp April rebounds in stock benchmarks spanning the globe. President Donald Trump said in remarks broadcast Thursday that he doesn’t want to talk to his Chinese counterpart Xi Jinping right now.Some Asian economies that had enjoyed success quelling the coronavirus, including South Korea and China, are now facing a fresh rise in cases that underscore the tough path ahead. In the U.S., Texas saw its deadliest day and its biggest increase in new cases since the start of the outbreak -- two weeks into reopening.Elsewhere, oil continued to grind higher on the back of Saudi Aramco slashing its sales to key buyers and the IEA saying that the market is showing signs of improving.These are some of the main moves in markets:StocksFutures on the S&P 500 was little changed as of 7:17 a.m. in London. The gauge rose 1.2% Thursday.Euro Stoxx 50 futures rose 1.1%.MSCI Asia Pacific Index was up 0.3%.CurrenciesThe yen was little changed at 107.21 per dollar.The offshore yuan was at 7.1165 per dollar.The euro bought $1.0807, little changed.BondsThe yield on 10-year Treasuries remained at about 0.62%, down about six basis points on the week.Australia’s 10-year yield added one basis point to 0.91%.CommoditiesWest Texas Intermediate crude gained 2.7% to $28.30 a barrel, after rising 9% in the prior session.Gold was up 0.4% at $1,737 an ounce.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/asia-stocks-poised-gain-treasuries-214145302.html?.tsrc=rss
