Asian Stocks Set to Fall as Global Sentiment Sours: Markets Wrap

-- Asian stocks are set to fall in early trading as concern over a political crisis in France fans anxiety in global markets, while a flurry of central bank decisions this week may signal delays to the long-awaited easing cycle.Equity futures in Australia, Japan and Hong Kong point to opening losses after the S&P 500 edged lower Friday, benchmark 10-year Treasuries rose and gold rallied. US contracts were little changed in early trading.

In the US, stocks struggled to gain traction Friday after a gauge of consumer sentiment sank to a seven-month low as high prices continued to take a toll on views of personal finances. The S&P 500 closed mildly lower, led by a drop in industrial shares. Tech outperformed, with Adobe Inc. up 15% on a strong outlook. The Stoxx Europe 600 slid 1%, while France’s CAC 40 Index extended losses to over 6% last week, the most since March 2022.

This week, traders will also be watching inflation readings in Europe and the UK to help finesse bets on the global rate outlook. Meantime, a swath of Federal Reserve officials including Dallas Fed President Lorie Logan, Chicago Fed President Austan Goolsbee and Fed Governor Adriana Kugler are due to speak.The Japanese yen was little changed at 157.

Baked into the expectations for Tesla and Nvidia stock are the vision that a single player will dominate a revolutionary industry, facing little competition, virtually in perpetuity.Here's what investors should expect from Enbridge's dividend in 2024. The post How Much Will Enbridge Pay in Dividends This Year? appeared first on The Motley Fool Canada.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Stocks Set to Fall, Yen Steady Ahead of BOJ: Markets WrapStocks in Asia are poised to fall in early Friday trading as a rally in US shares outside of AI-related names stalled. The yen was steady ahead of a Bank of Japan policy decision.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Bonds Rise on Treasury Sale; Asian Stocks to Fall: Markets Wrap(Bloomberg) -- Bonds climbed after a solid $39 billion Treasury sale reflected speculation that Wednesday’s inflation reading will help make the case for the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Bonds Rise on Treasury Sale; Asian Stocks to Fall: Markets WrapBonds climbed after a solid $39 billion Treasury sale triggered speculation that Wednesday’s inflation reading will help make the case for the Federal Reserve to cut rates this year. Asian stocks look set to shrug off the positive US session and track lower.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Bond Yields Slide on US Data; Asian Stocks to Fall: Markets Wrap(Bloomberg) -- Australian and New Zealand bonds rallied, tracking gains in US Treasuries after weak manufacturing data bolstered bets the Federal Reserve...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks Poised to Fall; Treasury Yields Sink: Markets WrapAsian shares are set to dip on Tuesday, following a listless US session where the main focus was the bond market’s sudden climb after weak data bolstered bets the Federal Reserve will cut interest rates this year.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asian stocks fall, dollar rises as rate cut wagers waverAsian stocks fell on Friday, while the dollar advanced as strong U.S. economic data bolstered the prospect of interest rates staying higher for longer and...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »