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Asian Stocks Set to Slip Into CPI, Election Week: Markets Wrap.

Authors :
Burgess, Matthew
Source :
Bloomberg.com; 6/23/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Asian stocks are expected to decline in the coming week due to measures of inflation that will impact global interest rates. Equity futures in Australia, Japan, and Hong Kong indicate early losses, while US shares are steady. Traders are closely watching inflation data and political risks, including the US presidential debate and the French legislative election. The market rally is being questioned as bond and currency markets fluctuate, and a correction is already occurring at the stock level. Chinese assets have been sold off, and China and the European Union are starting talks on tariffs for electric vehicles. The S&P 500 fell due to a large options expiry, and the greenback and Japanese yen remain stable. Treasury yields closed unchanged, oil prices fell, and gold prices were affected by the Federal Reserve's rate cut outlook. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
178026687