Asian stocks were mixed, US stock futures. UU They reduced profits and the yen reversed losses as traders assessed the likelihood that the consequences of a US-led attack on Syria could be contained. Crude oil fell.
Japanese and Australian stocks advanced, while stocks in Hong Kong and China had the biggest losses in Asia. The yen, an indicator of risk aversion, rebounded as polls showed a drop in support for the government of Japanese Prime Minister Shinzo Abe, which has favored a weaker currency. The dollar remained under pressure because data from the CFTC showed that hedge funds are the most bearish of the dollar in five years. The yield on 10-year US Treasury bonds rose.
"There was a significant fear of a possible escalation – that has not happened so far," said Callum Henderson, CEO of Eurasia Group in Singapore. Still, "it remains to be seen how long this market rally will last thanks to this specific factor, regardless of whether Russia retaliates or not," he said on Bloomberg Television.
United States. President Donald Trump declared "mission accomplished" via Twitter on Saturday, a day after the United States, France and the United Kingdom launched military attacks in response to the alleged chemical attack by Syrian leader Bashar al-Assad against civilians . While the geopolitical preoccupation persists, the approach this week returns to the season of gains in the EE. UU And a lot of Federal Reserve officials who are about to speak, including the new chairman of the New York Federal Reserve, John Williams.
Elsewhere, oil fell below $ 67 a barrel amid increased production concerns. Gold extended Friday's gains.
Terminal users can read more in the live blog of our markets.
This is what you need to watch this week:
- Goldman Sachs Group Inc. and Morgan Stanley among the companies that report the results
- John Williams, soon to be president of the New York Fed, talks about the economic outlook in Madrid on Tuesday.
- China's GDP and Japanese inflation are the highlights in Asia.
- Trump welcomes Japanese Prime Minister Shinzo Abe to Mar-a-Lago on Tuesday. North Korea and the trade will probably be discussed.
- Mining investors will take the pulse of the global industry this week, with Vale, Rio Tinto and BHP offering quarterly production reports.
These are the main movements in the markets:
- Japan's Topix index rose 0.3 percent at 2:16 p.m. M. in Tokyo
- The S & P / ASX 200 index of Australia gained 0.2 percent.
- Kospi's index hardly changed.
- Hong Kong's Hang Seng Index fell 1.6 percent and the Shanghai Composite Index lost 1.4 percent.
- Futures of the S & P 500 index gained 0.4 percent. The underlying indicator fell 0.3 percent on Friday.
- The MSCI Asia Pacific Index fell 0.2 percent.
- The Japanese yen rose 0.1 percent to 107.21 per dollar.
- The euro trades flat at $ 1.2331.
- The British pound rose 0.1 percent to $ 1.4253.
- The Bloomberg Dollar Spot Index had few changes after falling 0.5 percent last week.
- The yield on 10-year Treasury bonds remained at 2.83 percent.
- Japan's 10-year bond yield remained unchanged at 0.035 percent.
- The yield on 10-year bonds in Australia remained stable at 2.74 percent.
- Intermediate crude from West Texas lost 0.9 percent to $ 66.82 a barrel.
- Gold remained stable at $ 1,346.04 an ounce.
– With the assistance of Ivan Levingston