Asian Stocks Rise, Bond Yields Steady at 2024 High: Markets Wrap

-- Stocks in Asia climbed Tuesday after US benchmarks saw sluggish trading and Treasuries kicked off the week on the back foot ahead of key inflation data.Benchmark equity indexes gained in South Korea and Australia. Futures in Hong Kong also pointed higher. US 10-year yields steadied after rising to the highest since November, coming within striking distance of the psychologically important 4.5% level.

Elsewhere, oil was steady near a five-month high as traders weighed simmering tensions in the Middle East and persistent supply concerns. “The recent resiliency of inflation reduces the immediacy of rate cuts, which puts more pressure on earnings to drive future market gains,” said Richard Saperstein at Treasury Partners. “Given the elevated market multiples and rising bond yields, we remain cautious on stocks until earnings season delivers clear evidence of earnings growth.”US University of Michigan consumer sentiment, FridaySan Francisco Fed President Mary Daly speaks, FridayThe Japanese yen was little changed at 151.

A return to Panama would mean a voided K-1 visa, but Jasmine is thinking about a formal split from Gino in order to see her two children againEaster helps retail sales improve for boost after difficult start to yearThe party said business rates would be replaced with ‘a new, fairer levy’ that would be paid by the owner of the premises, rather than the tenant.

A highly accurate recession indicator is flashing the same warning it did prior to the 2001, 2008, and 2020 recessions, David Rosenberg said.NASHVILLE, Tenn. — Tennessee's GOP-dominant Senate on Monday unanimously signed off on legislation requiring minors to have parental consent to create social media accounts. The bill is similar to pushes currently being made across the United States as concern grows over young people's internet usage.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks in Asia to Rise; Bond Yields Hit 2024 High: Markets WrapStocks in Asia were set to advance early Tuesday, after US benchmarks saw sluggish trading and Treasuries kicked off the week on the back foot ahead of key inflation data.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asian Stocks Set to Rise on Strong US Jobs DataAsian stocks are expected to follow Wall Street higher after strong US jobs data indicates a robust economy. Mark Zuckerberg's wealth surpasses Elon Musk's for the first time since 2020. Treasury yields surge as traders reduce expectations of steep Federal Reserve rate cuts.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks to Rise as Powell Reaffirms Rate Cuts: Markets Wrap(Bloomberg) -- Equities in Asia were primed for gains Thursday after Jerome Powell reaffirmed his view the Federal Reserve will likely cut rates this...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks to Rise as Powell Reaffirms Rate Cuts: Markets WrapEquities in Asia were primed for gains Thursday after Jerome Powell reaffirmed his view the Federal Reserve will likely cut rates this year.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Global Stocks Ease as Bond Yields Rise, Earthquake in Taiwan Raises ConcernsGlobal stocks eased on Wednesday in the face of rising bond yields, as investors assessed how much U.S. rates might fall this year, while a powerful earthquake in Taiwan raised concerns about possible disruptions to the vital chip-making industry.
Source: globebusiness - 🏆 31. / 66 Read more »

Asian Stocks Climb Most in Four Months on Fed, China EarningsA key measure of Asian stocks rose to its highest level since April 2022, powered by technology companies and the Federal Reserve’s supportive comments on the outlook for US interest-rate cuts.
Source: BNNBloomberg - 🏆 83. / 50 Read more »