Asian Stocks Set to Track Wall Street’s Tech Rally: Markets Wrap

-- Asian equities were primed for an early advance after a rally in the world’s largest tech stocks lifted US and global shares to new highs ahead of inflation data due later Thursday.The End of the Cheap Money Era Catches Up to Chelsea FC’s OwnerEquity futures for Japan, Australia and Hong Kong stocks all rose, echoing the bullish pulse on Wall Street on Wednesday that led the S&P 500 and Nasdaq 100 each more than 1% higher to new peaks.

In Asia, investors will be looking at any impacts of the China Securities Regulatory Commission’s decision to tighten rules on short selling and high-frequency trades in a bid to crack down on improper arbitrage and maintain market stability. The so-called core CPI, which excludes food and energy costs and is seen as a better measure of underlying inflation, is expected to rise 0.2% in June for a second month. That would mark the smallest back-to-back gains since August — a pace more palatable for Fed officials.

Oil edged higher in early Thursday trading, while gold was little changed after climbing for a second session on Wednesday.Citigroup, JPMorgan and Wells Fargo’s earnings, FridayThe Japanese yen was little changed at 161.58 per dollarCostco Hikes Annual Membership Fee for First Time Since 2017 These Canadian blue-chip stocks are backed by strong fundamentals, enabling them to generate steady capital gains and dividend income. The post Canadian Blue-Chip Stocks: The Best of the Best for July appeared first on The Motley Fool Canada.Are you looking for a mix of income and capital growth in your portfolio? Here are three energy stocks that should reward shareholders long term. The post 3 Energy Stocks to Buy Hand Over Fist in July 2024 appeared first on The Motley Fool Canada.

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