Asian Stock Market: China fears, downbeat S&P500 Futures prod bulls on Juneteenth holiday

imism amid mixed clues. Adding to the consolidation move could be the US equity and bond markets’ holiday due to the Juneteenth observance.

Headlines surrounding multiple banks cutting China’s growth forecasts recently challenged the market’s. However, news from the South China Morning Post quoted China State Council to favor the week-start optimism by suggesting more stimulus from the Asian major. On the same line could be the receding fears of the US-China tussle as the key Diplomats from both nations are said to have held “candid and constructive talks” on their differences from Taiwan to trade, per Reuters.

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