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Marketmind: Stocks struggle as yields rise, tech earnings loom

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Marketmind: Stocks struggle as yields rise, tech earnings loom

© Reuters. FILE PHOTO: A screen displays that trading is halted for Western Alliance Bancorporation on the floor of the New York Stock Exchange in New York City, U.S., May 4, 2023. REUTERS/Brendan McDermid/File photoIt's been a cautious start to the week in Asia as markets wait to see when, or whether, Israel will launch a ground invasion of Gaza, and bonds continue their vicious sell-off.

Still, some aid trucks did get through, which was enough progress to prompt a pullback in oil prices. The scale of U.S. borrowing is also likely a concern given Washington last week reported a $1.695 trillion budget deficit for fiscal 2023, fully 23% higher than the prior year and above all pre-pandemic shortfalls.newspaper reported the Bank of Japan as discussing a further tweak to its yield curve control policy, which might be announced at its policy meeting on Oct. 31.

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