Photographer: Qilai Shen / Bloomberg
Photographer: Qilai Shen / Bloomberg
Asian equities rose higher on Tuesday, with U.S. equities at a record high as investors watched the start of the corporate earnings season and the relatively smooth sales of government debt.
Shares rose in Hong Kong and Japan and fluctuated in China. US equities were steady after a slight decline in the S&P 500 index after three consecutive gains. Technical stocks weaken, led by Intel Corp as Nvidia Corp visits its microprocessors market.
Bond yields rose only slightly after the U.S. Treasury auctioned three- and ten-year notes properly. The government is offering 30 years of bonds on Tuesday.
A positive outlook for US growth should help corporate earnings, although equities appear uncertain after these record highs in Covid-19 cases and disturbing vaccination of vaccines in parts of the world. The potential for sharper rises in inflation and borrowing costs is also best: investors are focusing on US consumer price data and the strength of demand on the remaining auction of treasuries.
“The real test is going to be when inflation starts to move higher,” said Priya Misra, a global rate strategist at TD Securities on Bloomberg TV. “This is when tariffs need to be re-priced – for a faster Fed exit, or for a later exit, but for a faster road.”
Elsewhere, President Joe Biden has said he has a worldwide supply of semiconductors fighting. dual support for state funding to address a shortage that has driven carmakers worldwide. Treasury Secretary Janet Yellen will according to people familiar with the matter, she does not want to name her first half-yearly foreign exchange report in China, and is letting the US face a new clash with Beijing.
Oil rose just below $ 60 a barrel and the dollar rose higher. Bitcoin climbed back above $ 60,000 before being listed by the largest US cryptocurrency exchange.
U.S. Treasury Secretary Janet Yellen will not name a currency manipulator, according to people familiar with the matter. Saleha Mohsin reports on “Bloomberg
Dawn: Australia. ”(Source: Bloomberg)
Some important events to watch this week:
- Banks and financial firms start reporting earnings in the first quarter, including JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp., Morgan Stanley, Goldman Sachs Group Inc.
- The US announced inflation data on Tuesday.
- The Economic Club of Washington is hosting Fed Chairman Jerome Powell for a moderated Q&A on Wednesday.
- The US Federal Reserve publishes Beige Book on Wednesday.
- U.S. data, including initial claims for unemployment, industrial production and retail sales, comes Thursday.
- Economic growth in China, industrial production and retail sales are Friday.
These are some of the key moves in financial markets:
Stocks
- S&P 500 futures equals 10:37 in Tokyo. The index changed little on Monday.
- Japan’s Topix index rose 0.5%.
- The Shanghai Composite Index has changed little.
- Hang Seng Index rose 0.6%.
- South Korea’s Kospi index rose 0.7%.
- Australia’s S & P / ASX 200 index was 0.2% higher.
Currencies
- The Bloomberg Dollar Spot Index rose 0.1%.
- The yen decreased 0.2% to 109.57 per dollar.
- The euro slipped 0.1% to $ 1.1900.
- The foreign yuan was 6.5497 per dollar.
Effects
- The yield on ten-year treasury increased one basis point to 1.67%.
- Australia’s 10-year yield was two basis points higher at 1.80%.
Commodities
- West Texas Intermediate crude oil was constant at $ 59.71 a barrel.
- Gold was 0.1% lower at $ 1,731.07 per ounce.
– Assisted by Vildana Hajric, Claire Ballentine and Katherine Greifeld