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Asian stocks mixed as markets wait for China policy briefing

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Asian stocks were mixed on Friday as Chinese markets declined amid investors' attention on a key briefing about the details of the upcoming stimulus plan this weekend. U.S. futures rose while oil prices were lower. The Shanghai Composite lost 1.6%, while Hong Kong markets were closed Friday for a public holiday.

The Afternoon WireHarris was asked to name a few of Trump's virtues.

At the same time, a separate report showed 258,000 U.S. workers filed for unemployment benefits last week. That number is relatively low compared with history, but it was a sharper acceleration than economists expected. Hurricane Helene and aIn the bond market, Treasury yields rose immediately after the release of the economic data, only to then swing up and down as traders tried to handicap what it would all mean for the Fed.

The yield on the 10-year Treasury held at 4.07%, the level it was at late Wednesday. The two-year Treasury yield, which more closely tracks expectations for the Fed, fell to 3.96% from 4.02% late Wednesday. In other dealings, U.S. benchmark crude oil lost 19 cents to $75.66 per barrel. Brent crude, the international standard, declined 27 cents to $79.13 per barrel.

 

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