Asian Stocks Mixed; U.S. 10-Year Yield Near Highs: Markets Wrap

Publikuota: 2018-05-18
Investors are seen at the Dubai International Financial Market, in Dubai, UAE  April,16, 2018. REUTERS/Satish Kumar
Investors are seen at the Dubai International Financial Market, in Dubai, UAE April,16, 2018. REUTERS/Satish Kumar
 

Asian shares traded mixed on Friday, while remaining on track for a weekly loss as investors mull the implications of a jump in benchmark 10-year Treasury yields to their highest level since 2011.

The dollar was flat, near its strongest for the year, in Friday trading. Futures on the U.S. S&P 500 Index were up after news that China has offered President Donald Trump a $200 billion reduction in the bilateral trade gap with the U.S. Share indexes in Japan and South Korea rose, while they retreated in Australia. Brent crude held near its highest since 2014 amid mounting signs that global stockpiles are shrinking.

Investors are dealing with recent evidence that the world’s largest economy will continue its solid expansion, as well as issues stretching from peace talks on the Korean peninsula to populists taking power in Italy. Looming over it all are trade talks between the U.S. and China, the outcome of which could cement the global growth story -- or derail it. China’s $200 billion trade-deficit reduction offer came in talks in Washington this week, a Trump administration official said.

The euro is heading for another weekly loss, while Italian bonds dropped this week as an agreement was sealed by populist parties to form a coalition government. The Turkish lira deepened its losses, while emerging-market stocks slipped.

These are some key events to watch this week:

Chinese Vice Premier Liu He is in Washington for more trade talks.And these are the main moves in markets:

Stocks

The MSCI Asia Pacific Index rose 0.2 percent as of 2:39 p.m. in Tokyo, on course for a 0.7 percent drop on the week. Topix index rose 0.3 percent. Hong Kong’s Hang Seng Index rose 0.2 percent. Kospi index advanced 0.4 percent. Australia’s S&P/ASX 200 Index dipped 0.1 percent. Futures on the S&P 500 Index rose 0.2 percent.

Currencies

The Bloomberg Dollar Spot Index rose less than 0.05 percent, heading for a fifth straight week in the green. The Japanese yen fell 0.1 percent to 110.84 per dollar. The euro rose 0.1 percent to $1.1809.

Bonds

The yield on 10-year Treasuries was flat Friday at 3.11 percent. Australia’s 10-year yield dipped one basis point to 2.91 percent.

Commodities

West Texas Intermediate crude rose 0.2 percent to $71.60 a barrel. Gold fell 0.1 percent to $1,289.81 an ounce. LME copper fell 0.2 percent to $6,869.00 per metric ton.

Rašyti komentarą

Rašyti komentarą

Gauk nemokamą VERSLO naujienlaiškį į savo el.pašto dėžutę:

Pasirinkite Jus dominančius NEMOKAMUS savaitraščius:















Svarbiausios dienos naujienos trumpai:



 
Temos:

Verslo žinių pasiūlymai

Šioje svetainėje naudojame slapukus (angl. „cookies“). Jie padeda atpažinti prisijungusius vartotojus, matuoti auditorijos dydį ir naršymo įpročius; taip mes galime keisti svetainę, kad ji būtų jums patogesnė.
Sutinku Plačiau