Asian Stocks Rise Tracking US Gains; Oil Declines: Markets Wrap

-- Shares in Asia climbed after another strong performance on Wall Street, with stocks hitting fresh record highs. Oil dropped as concerns eased about Israel attacking Iranian energy facilities.The Cablebus Transformed Commutes in Mexico City’s Populous Outskirts

“I think it’s very important that we get the two components of stimulus together, the monetary stimulus and the fiscal stimulus, and we’re getting both.” said Kristina Hooper, chief global market strategist at Invesco, on Bloomberg Television. “The fiscal stimulus is going to address key areas that I think will lead to improvements that benefit the economy and markets over the medium and longer term.

China may raise 6 trillion yuan from ultra-long special government bonds over three years as part of its efforts to boost the sputtering economy, Chinese media outlet Caixin reported. Markets are also anticipating Hong Kong leader John Lee’s annual speech on Wednesday, when he is expected to make bolstering the economy a priority and lay out an agenda that includes a potential cut to a liquor tax and possible measures to strengthen the city’s status as a finance center.

Strategists are predicting S&P 500 firms will post their weakest results in the past four quarters, with just a 4.3% increase compared with a year ago, Bloomberg Intelligence data show. Meantime, corporate guidance implies a jump of about 16%. That solid outlook suggests companies could easily beat market expectations.

Marcelli maintains a “positive outlook for US equities,” reiterated her S&P 500 price target of 6,200 by June 2025, and continues to like “AI beneficiaries and quality stocks.”Fed’s Christopher Waller, Neel Kashkari speak, FridayThe euro was little changed at $1.0906The yield on 10-year Treasuries was little changed at 4.

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