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Home / Business / Asian stocks paused before China and US data were “ high sickness ”

Asian stocks paused before China and US data were “ high sickness ”



BOSTON (Reuters) – Asian shares got off to a fairly steady start Friday as markets considered halting Wall Street’s month-long rally and waiting for the release of Chinese economic data into end of session.

FILE PHOTO: A tourist wearing a protective mask, after the corona virus broke out, walks past a stock quote outside a brokerage company in Tokyo, Japan on 2 March 2020. REUTERS / Issei Kato

Australia̵

7;s S&P / ASX 200 Index fell 0.05%, while Japan’s Nikkei 225 index rose 0.06% after the Nikkei 225 index closed 1.78% higher at 23,249.61 on Saturday. Year. Futures are down 0.11% from the close. Hong Kong’s Hang Seng Index futures fell 0.13%.

The S&P 500 ended slightly lower on Thursday after briefly trading above a record high to close on Monday and the Dow Jones industrial average also fell on the back of disappointing forecast from Cisco Systems Inc., the Nasdaq Composite, was driven by Apple Inc, pushing even higher.

Wall Street hesitancy comes as US lawmakers continue to fight over a new economic stimulus package and after a report from the US Department of Labor shows the number of Americans applying for unemployment benefits for the first time. dropping less than a million last week since the start of the COVID – 19 pandemic – is not enough to change economists’ view that the job market recovery is slowing.

“Many people say that the best treatment for altitude sickness is to stop and rest where you are,” wrote Rodrigo Catril, Senior Forex Strategist at Australian National Bank in Sydney, wrote in a note on the slight decline in US stocks and government bonds.

E-mini futures for the S&P 500 were up 0.13%. MSCI’s global stock indexes fell 0.04%.

The dollar index is down 0.141%. The Japanese yen weakened 0.03% against the greenback at 106.96 a dollar; The Australian dollar was up 0.03% against the greenback at $ 0.715 and China’s overseas yuan weakened to 6,9485 per dollar.

Joseph Capurso, Head of International Economics at Commonwealth Bank of Australia in Sydney, said economic data expected late on Friday from China would boost trading in Australian dollars and Chinese currencies. National.

“We expect July retail sales, industrial production and fixed asset investment to see a continued strong recovery in China,” he wrote. “The recovery of the global economy led by China, led by support for commodity currencies like the AUD.”

The U.S. Treasury benchmark yield jumped to a seven-week high on Thursday after the Treasury sold a record number of 30-year bonds over weak demand. The yield on the 10-year term was last at 0.718%, having hit 0.727% previously, the highest since June 24. They were up from 0.504% last Thursday, the lowest since March 9 .

Oil prices fell on Thursday after forecast for weaker demand, but a weak dollar curbed losses caused by traders keeping an eye on US irritating headlines. US crude oil rose 0.24% to $ 42.34 a barrel while Brent oil closed Thursday session at $ 44.96.

Spot gold rose 0.3% to $ 1,958.07 / ounce.

Report by Lawrence Delevingne in Boston

Our standards:Thomson Reuters Trust Principles.

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