Hong Kong Stocks Set for Gains on Tencent Optimism: Markets Wrap

-- Hong Kong stocks were poised for gains on Tuesday following a rally in US-listed Chinese shares overnight. Other Asian stocks were set for a cautious opening ahead of key US inflation data this week.Macron Puts French Banks in Play With Plan to Transform Europe

US stocks and bonds are facing upside risk this week as traders keep building long positions, said Goldman Sachs Group Inc.’s Scott Rubner. Commodity trading advisors’ equity and fixed-income demand is notable, with a so-called “green sweep” showing up in most of Goldman’s models. This means investors will keep piling in even if the market goes down.The S&P 500 hovered near 5,220. Heavily shorted companies got a lift as GameStop Corp.

Before Wednesday’s CPI print, economists will parse US producer prices data on Tuesday to assess the impact of categories that feed into the Fed’s preferred inflation gauge — the personal consumption expenditures price index. Fed Chair Jerome Powell is also scheduled to speak Tuesday. The stock market “setup” has left it at a critical juncture, according to Matt Maley at Miller Tabak + Co. The fact that equities saw a material decline in April, followed by a nice bounce leaves them vulnerable to a “double top” — which is one of the most-bearish signals in technical analysis.

España Últimas Noticias, España Titulares

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

Hong Kong Stocks Rise as Regulators Consider Dividend Tax WaiverHong Kong stocks gained as regulators were said to be considering a proposal to exempt individual investors from paying taxes on dividends earned from Hong Kong stocks bought via Stock Connect.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Chinese Stocks See Premium Over Hong Kong Peers Shrink(Bloomberg) -- The premium Chinese stocks have over their Hong Kong listings has shrunk, driven by a potential dividend tax waiver for equities bought in the...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Chinese Stocks’ Discount Over Hong Kong Peers May Be Fading FastThe trading discount that Chinese companies listed in Hong Kong offer compared to their mainland peers has fallen sharply, driven by a potential tax waiver and hopes of a market revival on the island.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

China Mulls Dividend Tax Waiver on Hong Kong Stocks Connect(Bloomberg) -- China is considering a proposal to exempt individual investors from paying dividend taxes on Hong Kong stocks bought via Stock Connect...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »