Asian Stocks Set to Track US Higher, Led By Japan: Markets Wrap

-- Asian stocks were set to open higher Tuesday after Wall Street was bolstered by a strong start to the earnings season led by the “Magnificent Seven” big-tech companies.Equity futures signaled that Japanese stocks, which were closed on Monday, may rally more than 1% after the yen surged back from its weakest level against the dollar in 34 years.

Investors are faced with a call on whether the weakness in stocks seen earlier this month was only a blip or if delayed policy easing will pull the market back down again. The answer may lie in the market playbook of the 1990s, when equities more than tripled in value despite years of rates that were hovering around current levels.

Some traders are also looking at the possibility China will need to take an extreme and highly controversial measure to support its moribund economy — devalue the yuan in a big-bang move. Markets in the Asian powerhouse will close on Wednesday until next week for the Labor Day holidays. The strategist noted that although the share of companies beating analysts’ profit estimates was “strong,” the reaction in share prices was still muted as valuations were inflated following a record-breaking rally this year.

Domino’s Pizza Inc.’s same-store sales in the US exceeded first-quarter expectations, a promising sign for the company’s continued turnaround. UMB Financial Corp. agreed to acquire rival Heartland Financial USA Inc. for about $2 billion in an all-stock transaction poised to be the year’s largest US regional-bank deal.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Asian Stocks Set to Track US Higher, Led By Japan: Markets WrapAsian stocks were set to open higher Tuesday after Wall Street was bolstered by a strong start to the earnings season led by the “Magnificent Seven” big-tech companies.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »

Stock market today: Asian stocks track Wall Street gains ahead of earnings reportsHONG KONG (AP) — Asian share benchmarks were mostly higher Tuesday after U.S. stocks clawed back a chunk of their losses from the week before. U.S. futures...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalateHONG KONG (AP) — Asia stocks pulled back on Monday as worries about potentially escalating tensions in the Middle East rattled financial markets, pushing...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Asian Stocks Set to Drop on Hawkish Fed Comments: Markets WrapAsian stocks are set to fall in early trading after US shares and Treasuries extended this month’s selloff after solid economic readings and hawkish Fedspeak reinforced speculation that interest rates will remain higher for longer.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »

Asian Stocks Set to Drop on Hawkish Fed Comments: Markets Wrap(Bloomberg) -- Asian stocks are set to fall in early trading after US shares and Treasuries extended this month’s selloff after solid economic readings and...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Asian Stocks Set to Fall in Wake of Iran Attack: Markets Wrap(Bloomberg) -- Asian stocks are set to decline on Monday as traders grapple with ratcheting tensions in the Middle East after Iran’s unprecedented attack on ...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »