1. Asia Stocks Set for Mixed Open After US Holiday: Markets Wrap.
- Author
-
Henderson, Richard
- Subjects
FINANCIAL markets ,INTEREST rates ,INVESTORS ,U.S. dollar ,LOANS ,SPOT prices ,EUROZONE ,BOND prices ,RENMINBI - Abstract
Asian stocks are expected to have a mixed start on Tuesday as investors await new catalysts after US markets were closed for a holiday. Futures for equity benchmarks in Australia and Japan are relatively unchanged, while those for Hong Kong have moved up. China's mainland gauges were higher on Monday, indicating continued support from state-backed funds. Interest rate expectations are also in focus, with swaps now pricing in fewer Federal Reserve rate cuts in 2024. Other potential market catalysts this week include earnings reports from BHP Group and Nvidia Corp, as well as the release of Fed meeting minutes and Eurozone inflation data. [Extracted from the article]
- Published
- 2024