Asian Stocks to Follow US Lower as Yields Climb: Markets Wrap

-- Asian stocks are set to fall after bonds and shares fell in the US, as another weak sale of Treasuries boosted concern that funding the US deficit will drive up yields at a time when the Federal Reserve is in no rush to cut rates.Futures for equity benchmarks in Sydney, Tokyo and Hong Kong all signaled markets will open lower on Thursday.

“The ‘set-up’ right now is quickly becoming a concern,” said Matt Maley at Miller Tabak + Co. “Not only are yields rising again in the US, but they are moving higher in other parts of the world. That is not good news for a stock market that’s trading at 22 times forward earnings.”A gauge of dollar strength jumped to a two-week high, while the yen fell for a second day to the weakest against the greenback in four weeks.

Elsewhere, oil retreated with West Texas Intermediate settling below $80. The drop pared Tuesday’s 2.7% gain in the wake of renewed geopolitical risks, including ship attacks in the Red Sea and Israel’s advance into the Gazan city of Rafah.ConocoPhillips agreed to acquire Marathon Oil Corp. in an all-stock deal valuing the company at about $17 billion, extending a major buying spree among the largest players in the US oil and gas industry.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Asian Stocks to Follow US Rally With Focus on CPI: Markets Wrap(Bloomberg) -- Stocks in Asia are poised to follow a big tech-led rally in US benchmarks, as investors look to key inflation data later Wednesday for clues...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Asian Stocks to Follow US Rally With Focus on CPI: Markets WrapStocks in Asia are poised to follow a big tech-led rally in US benchmarks, as investors look to key inflation data later Wednesday for clues on the Federal Reserve’s next steps.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Asian Stocks to Trend Lower After Treasuries Drop: Markets Wrap(Bloomberg) -- Stocks in Asia were mostly set to decline after a US session dominated by a sell-off in bonds, with traders also weighing mixed economic data ...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Asian Stocks to Trend Lower After Treasuries Drop: Markets WrapStocks in Asia were mostly set to decline after a US session dominated by a sell-off in bonds, with traders also weighing mixed economic data and remarks from Federal Reserve speakers for clues on the policy outlook.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Stock market today: Asian markets follow Wall Street higher ahead of key inflation updateHONG KONG (AP) — Asian stocks were mostly higher on Wednesday after a rally on Wall Street that took the Nasdaq composite index to a record high. A report...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Asian shares edge lower after Wall Street sets more recordsHONG KONG (AP) — Asian markets were mostly lower in cautious trading on Wednesday after U.S. stocks hit new record highs. U.S. futures and oil prices slipped...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »