Business Maverick: Asian stocks gain on earnings optimism, yen drops: markets wrap

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 84%

México Noticias Noticias

México Últimas Noticias,México Titulares

Asian stocks rise, tracking Friday’s gains in the US, with optimism over corporate earnings helping to drive an advance in Japan. The dollar climbed as traders started to position for a policy decision by the Federal Reserve.

after Russia exited a key agreement to allow Ukrainian crop shipments.

The yield on the 10-year Treasuries hovered at around 4% after surging by nine basis points on Friday. Yields climbed in Australia ahead of a policy decision by the country’s central bank on Tuesday. “The question is does the narrative of front loading come to an end? I think that’s where the market’s waiting for this pivot,” Priya Misra, global head of rates strategy at TD Securities, said on Bloomberg Radio. “I just think if the Fed can signal that they can go 75 and then they can slow down the pace of hikes, I think the market will be comforted by that.

Brazil’s local assets are set to weaken on Monday after Luiz Inacio Lula da Silva won the presidential election. The extent of the market drop will depend on whether President Jair Bolsonaro will concede as a contested election would likely trigger larger losses.since May ahead of output cuts by the OPEC+ alliance, which may tighten the market further.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 3. in MX

México Últimas Noticias, México Titulares

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

Hopes of dovish Fed boost Asian stocks as grain leapsGains in Hong Kong, Australia and South Korea push MSCI's index of Asia-Pacific shares outside Japan up, but Chinese stocks fall
Fuente: BDliveSA - 🏆 12. / 63 Leer más »

Asian equities get boost from rise in China stocksHong Kong’s Hang Seng index climbs 3% after US stocks close lower for a fourth consecutive session
Fuente: BDliveSA - 🏆 12. / 63 Leer más »