Asian Stocks Eye Positive Start as China Returns: Markets Wrap
==========
Asian equity markets are expected to have a strong open as China returns from a three-day holiday and the softer-than-expected US jobs report revives bets that the Federal Reserve will cut rates this year. US stock futures edged higher, and contracts in Australia and Hong Kong point to gains on Monday. A gauge of Chinese shares listed on the Nasdaq rose 5.5% last week, indicating a strong open when mainland markets reopen. Japanese markets are closed for a holiday. Global stocks rose for a second week, and US Treasuries rallied following the payrolls release. Weaker-than-estimated data points last week sent the US version of Citigroup’s Economic Surprise Index to the lowest since February 2023. The positive sentiment comes after a cooldown in wages appeased investors worrying about “stagflation” or a recession. Oil rose in early trading after Israel closed the Kerem Shalom humanitarian crossing into Gaza on Sunday following a rocket barrage fired by Hamas. Traders will also be mindful of a swath of central bank meetings this week, led by a likely hawkish Reserve Bank of Australia on Tuesday. Chinese activity data as well as inflation readings in key emerging markets are also due.
#AsianStocks #China #UsJobsReport #FederalReserve #UsTreasuries #Citigroup’sEconomicSurpriseIndex #Wages #Stagflation #Recession #Oil #Israel #Hamas #CentralBankMeetings #ReserveBankOfAustralia #ChineseActivityData #Inflation
https://finance.yahoo.com/news/asian-stocks-eye-positive-start-223227877.html
Yahoo Finance /
npub1j0e…3yhd
2024-05-06 02:08:51
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-05-06 02:08:51Event JSON
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"content": "Asian Stocks Eye Positive Start as China Returns: Markets Wrap\n==========\n\nAsian equity markets are expected to have a strong open as China returns from a three-day holiday and the softer-than-expected US jobs report revives bets that the Federal Reserve will cut rates this year. US stock futures edged higher, and contracts in Australia and Hong Kong point to gains on Monday. A gauge of Chinese shares listed on the Nasdaq rose 5.5% last week, indicating a strong open when mainland markets reopen. Japanese markets are closed for a holiday. Global stocks rose for a second week, and US Treasuries rallied following the payrolls release. Weaker-than-estimated data points last week sent the US version of Citigroup’s Economic Surprise Index to the lowest since February 2023. The positive sentiment comes after a cooldown in wages appeased investors worrying about “stagflation” or a recession. Oil rose in early trading after Israel closed the Kerem Shalom humanitarian crossing into Gaza on Sunday following a rocket barrage fired by Hamas. Traders will also be mindful of a swath of central bank meetings this week, led by a likely hawkish Reserve Bank of Australia on Tuesday. Chinese activity data as well as inflation readings in key emerging markets are also due.\n\n#AsianStocks #China #UsJobsReport #FederalReserve #UsTreasuries #Citigroup’sEconomicSurpriseIndex #Wages #Stagflation #Recession #Oil #Israel #Hamas #CentralBankMeetings #ReserveBankOfAustralia #ChineseActivityData #Inflation\n\nhttps://finance.yahoo.com/news/asian-stocks-eye-positive-start-223227877.html",
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