Stocks in Asia followed Wall Street higher as investors looked to inflation readings for clues on the path of interest rate hikes. A benchmark of Asia equities headed for a sixth weekly gain, the longest such stretch in two years. US futures moved higher ahead of producer price data later Friday and after the S&P 500 notched its first advance this month. Chinese shares rose as factory-gate prices contracted while consumer inflation eased, giving the nation’s central bank some room to ease policy to foster economic recovery from the impact of the pandemic. Investors are taking heart from any signs of softness in prices that may allow policymakers around the world to be less hawkish and more supportive of economic growth. The dollar dropped versus most of its major counterparts, extending Thursday’s move when geopolitics-driven appetite for haven investments faded. The offshore yuan slightly strengthened. Treasury yields declined, with 10-year rate hovering near 3.45%. Government bond yields also moved lower in Australia while Japan’s benchmark 10-year yield fell by half a basis point. Oil rose in Asia, but headed for a weekly drop of nearly 10% after a volatile session on Thursday on concerns over economic outlook. Still, strategists from Morgan Stanley to JPMorgan Chase & Co. have warned investors against piling back into risk on hopes the Fed is getting close to pivoting to easier policy. US After Hours DOCU +8.6%, AVGO +3.2%, RH +2.8% higher on earnings; COO -9.1%, LULU -6.1%, CHWY -2.4% lower on earnings.
Nikkei +1.18% Hang Seng +2.09% CSI +0.99% Shanghai +0.30% Shenzen +0.56%
Eur$ 1.0581 CNH 6.9544 +0.20% CNY 6.9560 +0.16% JPY 135.95 GBP 1.2262 CHF 0.9335 RUB 62.7386 TRY 18.6422 WTI$ 72 +0.77% Gold 1,797 +0.44% BTC 17,210 +0.15% ETH 1,281.50 +0.25%
S&P +0.23% Nasdaq +0.31% EuroStoxx +0.30% FTSE +0.13% Dax +0.27% SMI +0.40%
Macro :
- JPMorgan’s Kolanovic Says Sell Energy Stocks With Oil Gap Wide
- Morgan Stanley’s Wilson Sees Value Stocks at Risk in a Downturn
- Morgan Stanley’s Wilson Sees Value Stocks at Risk in a Downturn
- Morgan Stanley Says China Stocks to Outperform Global Peers
Keep an eye on :
Keep an eye on :
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