Asian stocks pared losses Friday and U.S. futures stabilized as investors digested comments from Federal Reserve Chairman Jerome Powellthat fell short of trying to rein in bond yields. Treasuries held a decline.
Stock markets dipped in South Korea but edged up in Japan and China, which set a conservative growth target of more than 6% for 2021 that signals more-restrained monetary and fiscal policies this year. On Thursday, the tech-heavy Nasdaq 100 extended its decline to almost 10% from February’s peak, and the S&P 500 erased nearly all its 2021 gains.
Australian bond yields surged in early trade, tracking a selloff in the U.S. 10-year that lifted the yield curve to its steepest point since 2015. Japan’s benchmark yield dropped as the central bank governor quashed speculationthat the trading band for the 10-year might be widened. The U.S. dollarstrengthened against nearly all major peers.
Oil prices leapt after the OPEC+ alliance surprised traders with its decision to keep output unchanged. Bitcoin fell with other risk assets.
US After Hours FLGT +33.8%, GPS +5.5%, SWBI +2.9% higher on earnings; MDLA -6.4%, GWRE -3.6%, OPEN -3.6%, SDC -3.3%, COST -2.1%, AVGO -1.1% lower on earnings
Nikkei -0.23% Hang Seng +0.05% CSI +0.11% Shanghai +0.27% Shenzen +0.53%
Eur$ 1.1956 CNH 6.4837 CNY 6.4763 JPY 108.16 GBP 1.3879 CHF 0.9290 RUB 74.24 TRY 7.5406 WTI$ 64.65 +1.27% GOLD 1,696.81 -0.04% BTC 47,170 -1300
S&P -0.10% Nasdaq -0.17% EuroStoxx -0.68% FTSE -0.71% Dax -0.53% SMI
Macro :
- Novogratz Says Bitcoin Has Arrived, Banks Desperate to Get In
Keep an eye on :
Macro :
- Novogratz Says Bitcoin Has Arrived, Banks Desperate to Get In
Keep an eye on :
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