Asian Stocks Set For Mixed Open, US Hits New Highs: Markets Wrap

-- Equities in Asia headed for a mixed open Friday in a sign investors are rethinking the optimism that propelled the region’s shares higher in the prior session, as fresh signs of persistent inflation appeared in the US.Justice Department to Sue Apple for Antitrust Violations as Soon as ThursdayEquity futures for Japan rose while those for Australia and Hong Kong fell. The moves followed a sharp rally for a gauge of the region’s shares, which touched the highest level in almost two years.

The data pushed Treasuries down. The two-year Treasury yield rose three basis points, while the 10-year was less than one basis point higher. The upward pressure on yields supported an index of the dollar, which rose 0.4% Thursday. The yen was little changed at 151 per dollar in early Friday trading.Treasury Secretary Lawrence Summers said the Fed has “itchy fingers to start cutting rates,” which may not be necessary for some time given the strong economy and buoyant financial markets.

The Bank of England kept rates at a 16-year high of 5.25% Thursday. Two BOE hawks dropped their demands for hikes in a further sign the central bank is closer to rate cuts. The pound weakened on the news. This dividend stock is finally getting back on the straight and narrow after reporting a stronger bottom line, leading many to grab that dividend! The post 1 Dividend Stock Down 49% to Buy Right Now appeared first on The Motley Fool Canada.

Japan Airlines announced plans to order more Boeing planes Thursday but it’s not the show of confidence investors might initially expect.These three Canadian stocks could be your ticket to retiring rich. The post 3 Stocks to Buy Now That Could Help You Retire a Millionaire appeared first on The Motley Fool Canada.

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