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Markets Daily: Asian Stocks Set to Open Steady on Monday Morning

Markets Daily: Asian Stocks Set to Open Steady on Monday Morning

Equity futures were little changed in Australia, Japan, and Hong Kong as investors assess the pace of economic recovery. Last week the S&P 500 had its best week since February, which lifted 2.7% with financial and retail shares outperforming tech giants; the Dow Jones lifted 3.4%, and the Nasdaq rose by 2.4%.  Treasury yields lifted on...

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Markets Daily: Asian Stocks Set to Rally on Optimistic US Economic Outlook

Markets Daily: Asian Stocks Set to Rally on Optimistic US Economic Outlook

Equity futures advanced in Australia, Japan, and Hong Kong following another record close in the US fuelled by a bipartisan $579 billion U.S. infrastructure deal that stoked economic optimism. The Dow Jones index lifted by 1% overnight. The S&P 500 and Nasdaq each rose by 0.6% and 0.7% respectively with energy and financials leading gains. Treasury yields were...

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Markets Daily: Asian Stocks Set to Open Steady on Soothing Fed Comments

Markets Daily: Asian Stocks Set to Open Steady on Soothing Fed Comments

Futures were little changed in Hong Kong, Japan, and Australia. The S&P 500 climbed 0.5% after Jerome Powell reiterated his views that inflation pressures will be transitory despite a notable increase in recent months. The Dow Jones index and Nasdaq each rose by 0.2% and 0.8% respectively.  Treasury yields fell on Tuesday. US 10-year yields fell by 2...

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Markets Wrap: US Futures Slip; Yields Higher

Markets Wrap: US Futures Slip; Yields Higher

Futures were mixed in Hong Kong, Japan, and Australia after US futures slipped after Federal Reserve officials expecting two rate hikes by the end of 2023.  US share market fell overnight with the Dow Jones index down 0.8%. The S&P 500 lost by 0.5% and the Nasdaq lost 0.2% after Jerome Powell downplayed the risk of an...

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