Stocks and equity futures were steady, commodities rose and the dollar dipped Tuesday amid optimism about the economic recovery from the pandemic. Treasury yields ticked higher.
MSCI Inc.’s gauge of Asian equities edged up to the highest level in over a month. Exports data helped South Korean stocks to a modest gain, Hong Kong rose and Japan inched lower. Sentiment was helped by reports signalingmanufacturing grew in Asia in May despite Covid-19 flareups. S&P 500, Nasdaq 100 and European futures were little changed following a U.S. holiday.
The dollar weakened versus most Group of 10 peers, and the offshore yuan was stable following China’s latest effort to restrain the currency. The pound rallied to a three-year high on vaccine-led reopening optimism for the U.K. Australia’s dollar trimmed gains after the central bank left key policy settings unchanged.
Oil climbed after the OPEC+ alliance forecast a tightening market. Commodities from iron ore to copper also pushed higher, a reminder of the rising costs that are stoking concerns about faster inflation and possible reductions in stimulus.
Nikkei -0.19% Hang Seng +0.36% CSI -0.18% Shanghai -0.14% Shenzen +0.12%
Eur$ 1.2210 CNH 6.3724 CNY 6..3724 JPY 109.49 GBP 1.4226 CHF 0.8992 RUB 73.3156 TRY 8.4965 WTI$67.54 +1.84% Gold 1,911.35 +0.23% BTC 37,000 -150 ETH 2,675 +38
S&P +0.04% Nasdaq +0.04% EuroStoxx +0.30% FTSE -0.22% DAX +0.39% SMI +0.17%
Macro :
- European Banks’ Next Big Problem? The CO2 in Their Loan Books
- French May New Car Registrations Rise 46%, CCFA Says
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- SIGN SW : SIG Combibloc to Sell Rather Than Close N.Z. Mill: Herald
- TEF SM : EQT Offers EU1.8b to Buy Telefonica Subsea Cables: Confidencial
- UCB BB : UCB to Present New Data on CIMZIA, Bimekizumab at EULAR
- VOD LN : Italy Conditionally Approves Vodafone 5g Deal W/ Huawei: Reuters
- VOW3 GY : VW in Deal With Ex-Execs on Scandal, Business Insider Says
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- ITX SM : *INDITEX TO OPEN 8,000 SQUARE-METER ZARA STORE IN MADRID: CINCO