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Asia Stocks to Rise, Apple Sales Hit US Futures: Markets Wrap

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(Bloomberg) -- Shares in Asia were set to gain Friday after further advances for US stocks and long-dated Treasuries, as investors adjusted to the prospect...

-- Shares in Asia were set to gain Friday after further advances for US stocks and long-dated Treasuries, as investors adjusted to the prospect the Federal Reserve may be done with rate hikes.Harvard, Yale Warned by Top Law Firms About Antisemitism

Services industry data for China, set for release Friday, is anticipated to show further expansion. Elsewhere in the region, retail sales data for Australia and Singapore will be released as will purchasing manager index data for India. Hedge fund K2 Asset Management is predicting that benchmark 10-year Treasury yields will rise back to 5% — from 4.66% — while Franklin Templeton says they could peak at 5.25% — a level last seen in 2007. Barclays Plc co-head of global markets Stephen Dainton said it is “very unlikely” the Fed is done tightening policy.Continuing US jobless claims rose for a sixth straight week, indicating those losing their jobs are starting to have more trouble finding new ones.

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