Asian stocks, oil buckle on uncertain U.S. recovery

TOKYO/NEW YORK - Asian equities and U.S. futures fell on Thursday, hurt by the U.S. Federal Reserve’s cautious view of the economy, tensions with China and new clusters of coronavirus infections.

Australian stocks dropped 1.04% due to concern that ties with China will worsen further after a report that Australian regulators will reject acquisitions by a Chinese company. The iPhone maker’s shares rose 1.4% to make the first publicly listed U.S. company reach $2 trillion in market capitalisation, while strong results from retailers Target and Lowe’s also lifted sentiment.

“It was a decent day for banks, Apple, and Nike but everything else was in the reverse after the Fed said economic conditions will be difficult for a while,” said Jamie Cox, managing partner at Harris Financial Group. The readout on Fed discussions provides hints to further action that the U.S. central bank could take in September. No change in interest rate policy is expected until end-2021.

The yield on benchmark 10-year Treasury notes fell slightly to 0.6623% while those on the 20-year bond also fell to 1.1708% in Asia.

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Asian stocks pause for breath after Wall Street's record runA gauge of Asian shares eased on Wednesday led by losses in Chinese and Hong Kong stocks, though it was still near a seven-month peak, driven by ever expanding policy stimulus aimed at cushioning the blow from the coronavirus pandemic.
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »

Asian stocks at seven-month highs after Wall Street cracks more recordsAsian shares climbed to a seven-month peak on Wednesday tracking the S&P 500, which scaled all-time highs driven by ever expanding policy stimulus aimed at cushioning the blow to economies from the coronavirus pandemic. The economy is still booming. Hmmmm. Well alright. Thank You Donald Dumb Dumb. Couldn't get a deal done. Lamo.
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »