Asian stocks look set for a mixed opening, after Wall Street rose ahead of key US data that’s expected to show how close the Federal Reserve is from ending its rate hikes.
Futures in Japan pointed to gains, while Australian shares are poised to open flat and Hong Kong may dip. In the US, tech stocks led the way forward with the Nasdaq 100 rising 1.2%. Tesla Inc. rallied 10% as Morgan Stanley said its Dojo supercomputer may boost value by up to $500 billion. Qualcomm Inc. climbed after Apple Inc. extended a deal with the chipmaker.
Meanwhile, after Bank of Japan Governor Kazuo Ueda aired the possibility of ending the developed world’s last key negative interest rate, the yen advanced the most in two months against the dollar. The nation is due to release key producer price index data on Wednesday. The market is in a late-cycle backdrop — a time when the Fed is expected to pause or reverse its hawkish policy stance — and more conservative equity factors, like high cash and low debt, have started to outperform, according to Morgan Stanley strategist Michael Wilson. He reiterated his view that stock markets are not yet reflecting the risk of a recession.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mixed martial arts-Strickland stuns Adesanya to snatch UFC middleweight crownSYDNEY (Reuters) - Underdog Sean Strickland pulled off a stunning upset to defeat Israel Adesanya and claim the UFC middleweight title at Sydney's ...
Read more »
Sherdog’s Official Mixed Martial Arts Rankings - Man Dance to the TopMaybe there’s something in the Australian air.
Read more »
Sherdog’s Official Mixed Martial Arts Rankings - Man Dance to the TopMaybe there’s something in the Australian air.
Read more »
TIFF 2023: Muted opening weekend puts focus on films instead of celebrities, with mixed resultsWith a handful of exceptions so far, festival organizers seem to have picked a remarkably bad year to whiff on the programming
Read more »
TSX futures gain on higher metal prices; U.S. economic data in focus(Reuters) - Futures for Canada's main stock index edged higher on Monday, tracking gold and copper prices, while investors assessed the path ahead for ...
Read more »
Futures advance on Tesla boost, inflation data in focusKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »