Most Asian equities rose with U.S. stock futures Tuesday and bond yields ticked up as investors awaited comments from Treasury Secretary nominee Janet Yellen on stimulus and the dollar. The greenback retreated.
An Asia-Pacific share gauge gained the most in more than a week. South Korean and Hong Kong stocks outperformed. S&P 500 and European contracts advanced and 10-year Treasury yields climbed to about 1.11%. The yen dipped, while most G-10 currencies rose. U.S. markets were shut for a holiday Monday.
Yellen’s Senate confirmation hearing will likely touch on currency policy but will also serve as the first congressional forum for lawmakers to vet President-elect Joe Biden’s $1.9 trillion Covid-19 relief plan. Yellen will tell them low borrowing costs mean it’s time to “act big,” according to prepared remarks. Traders will also monitor Donald Trump’s last full day in office.
Elsewhere, oil and gold fluctuated and Bitcoin traded around the $36,500 level.
Nikkei +1.39% Hang Seng +2.31% CSI -1.64% Shanghai -1.01% Shenzen -1.09%
Eur$1.2096 CNH 6.4923 CNY 6.4872 JPY 104.02 GBP 1.3603 CHF 0.8908 RUB 73.8146 TRY 7.4717 WTI$ 52.29 -0.13%
S&P +0.64% Nasdaq +0.89% EuroStoxx +0.53% FTSE +0.51% Dax +0.69% SMI
Macro :
- Italy’s Conte Faces Senate Showdown After Win in Lower House
Keep an eye on :
Macro :
- Italy’s Conte Faces Senate Showdown After Win in Lower House
Keep an eye on :
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