News Formal

International Finance: Stocks swing higher, supported by Hong Kong rally: markets wrap

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 84%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Stocks turned higher as choppy trading in Hong Kong gave way to a surge in the shares of Chinese state-owned enterprises, creating a tailwind that helped along US and equity futures.

Moves in major currencies and Treasuries remained subdued within narrow ranges as traders in Asia awaited more cues from Chinese policymakers and Federal Reserve chair Jerome Powell.

Treasuries were steady in Asia, with yields remaining elevated and the rate on the 10-year maturity just below the closely watched 4% level. A gauge of dollar strength was little changed. The Hang Seng China Enterprises Index jumped as much as 2.4% while the Hang Seng Index climbed as much as 2%. Leading gains were Cnooc, China Petroleum & Chemical and China Construction Bank.

The current lack of traction for US equity markets shows many investors are concluding a recent rally was probably overdone, with recession risks lingering as central banks worldwide indicate they’re unlikely to soon pivot away from strict monetary tightening.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 3. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

International Finance: Stocks rally slowed by China; commodities decline: markets wrapA gauge of Asian shares advanced along with US and European equity futures while Chinese stocks fell, weighed down by a modest economic growth target that diminishes the prospect of more stimulus from Beijing.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »

Asian stocks firm as bonds pause on update over US rate outlookThere was disappointment that Beijing set its growth outlook at 5%, but the recent run of data has kept investors optimistic
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

MARKET WRAP: JSE follows global stocks higherInvestors' attention this week turns to Fed chair Jerome Powell and key US economic data
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

Stocks largely gain as rate hike hopes offset muted China outlookMajor stock markets mostly rose on Monday, with Paris briefly reaching a fresh record.
Источник: eNCA - 🏆 49. / 51 Прочитайте больше »