Global Stock Markets
European stocks advanced, tracking gains across Asian markets as
trade-war concerns took a back seat to economic optimism following a report Friday of stronger U.S. jobs growth. Treasuries edged lower and the dollar pared its decline while most commodities fell.
The Stoxx Europe 600 Index rose for a sixth day, poised for the longest winning streak since October, as utility companies set the pace. U.S. equity futures joined the global rally, after gauges from Tokyo to Sydney jumped. The yen strengthened as political clouds gathered around Japan’s Finance Ministry, run by a stalwart ally of Prime Minister Shinzo Abe. Part of Abenomics focuses on weakening the yen to boost the nation’s exports.
Strong economic indicators seem to have given fresh impetus to the nine-year-old bull market in global equities, which was roiled in recent weeks as President Donald Trump raised the prospect of a full-fledged trade war. With a slew of data due from China this week as well as readings on U.S. inflation and retail sales, investors will be looking for more reasons to keep the party going.
In Japan, a deepening political scandal is putting pressure on Finance Minister Taro Aso after his ministry altered documents tied to a controversial land sale. Aso has been Abe’s deputy since he took office in December 2012, and is seen as a key backer of the Abenomics program.
Elsewhere, Bitcoin was set for the first increase in five weekdays and West Texas crude nudged lower after last week’s advance. Emerging-market stocks surged.
Stocks
The Stoxx Europe 600 Index rose 0.4 percent as of 7:01 a.m. New York time, with its sixth consecutive advance.
Futures on the S&P 500 Index climbed 0.4 percent to the highest in more than five weeks.
The MSCI Asia Pacific Index increased 1.7 percent on the largest climb in 16 months.
The U.K.’s FTSE 100 Index rose less than 0.05 percent.
The MSCI Emerging Market Index gained 1.2 percent to the highest in more than five weeks.
Currencies
The euro rose less than 0.05 percent to $1.2311.
The British pound increased 0.1 percent to $1.3861.
The Japanese yen rose 0.2 percent to 106.56 per dollar, the largest advance in more than a week.
South Africa’s rand sank 0.3 percent to 11.8479 per dollar.
The MSCI Emerging Markets Currency Index rose 0.1 percent.
Bonds
The yield on 10-year Treasuries climbed one basis point to 2.90 percent, the highest in more than two weeks.
Germany’s 10-year yield dipped one basis point to 0.64 percent.
Britain’s 10-year yield rose one basis point to 1.498 percent.
Commodities
West Texas Intermediate crude decreased 0.6 percent to $61.67 a barrel.
Gold fell 0.5 percent to $1,316.75 an ounce, the weakest in a month.
The Stoxx Europe 600 Index rose for a sixth day, poised for the longest winning streak since October, as utility companies set the pace. U.S. equity futures joined the global rally, after gauges from Tokyo to Sydney jumped. The yen strengthened as political clouds gathered around Japan’s Finance Ministry, run by a stalwart ally of Prime Minister Shinzo Abe. Part of Abenomics focuses on weakening the yen to boost the nation’s exports.
Strong economic indicators seem to have given fresh impetus to the nine-year-old bull market in global equities, which was roiled in recent weeks as President Donald Trump raised the prospect of a full-fledged trade war. With a slew of data due from China this week as well as readings on U.S. inflation and retail sales, investors will be looking for more reasons to keep the party going.
In Japan, a deepening political scandal is putting pressure on Finance Minister Taro Aso after his ministry altered documents tied to a controversial land sale. Aso has been Abe’s deputy since he took office in December 2012, and is seen as a key backer of the Abenomics program.
Elsewhere, Bitcoin was set for the first increase in five weekdays and West Texas crude nudged lower after last week’s advance. Emerging-market stocks surged.
Stocks
The Stoxx Europe 600 Index rose 0.4 percent as of 7:01 a.m. New York time, with its sixth consecutive advance.
Futures on the S&P 500 Index climbed 0.4 percent to the highest in more than five weeks.
The MSCI Asia Pacific Index increased 1.7 percent on the largest climb in 16 months.
The U.K.’s FTSE 100 Index rose less than 0.05 percent.
The MSCI Emerging Market Index gained 1.2 percent to the highest in more than five weeks.
Currencies
The euro rose less than 0.05 percent to $1.2311.
The British pound increased 0.1 percent to $1.3861.
The Japanese yen rose 0.2 percent to 106.56 per dollar, the largest advance in more than a week.
South Africa’s rand sank 0.3 percent to 11.8479 per dollar.
The MSCI Emerging Markets Currency Index rose 0.1 percent.
Bonds
The yield on 10-year Treasuries climbed one basis point to 2.90 percent, the highest in more than two weeks.
Germany’s 10-year yield dipped one basis point to 0.64 percent.
Britain’s 10-year yield rose one basis point to 1.498 percent.
Commodities
West Texas Intermediate crude decreased 0.6 percent to $61.67 a barrel.
Gold fell 0.5 percent to $1,316.75 an ounce, the weakest in a month.
No comments:
Post a Comment