-- 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.
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منبع: YahooFinanceCA - 🏆 47. / 63 ادامه مطلب »
منبع: BNNBloomberg - 🏆 83. / 50 ادامه مطلب »
منبع: YahooFinanceCA - 🏆 47. / 63 ادامه مطلب »
منبع: YahooFinanceCA - 🏆 47. / 63 ادامه مطلب »