Asian stocks fluctuated in the midst of a lack of Fresh impetus after an apparent relaxation of commercial tensions between the US. UU and China triggered a buoyant session on Tuesday for global equities and renewed vigor in favor of risk appetite.
With few catalysts, the indices in the region struggled to obtain guidance. The shares in China and Hong Kong advanced. US stock futures UU They fell after the S & P 500 closed higher. WTI crude remained above $ 65 per barrel, and Brent futures reached their highest level in more than three years. The dollar stabilized after the losses and Treasuries changed shortly before the US inflation data. on Wednesday.
The focus of investors has returned to the US economy. UU And the prospects for consumer prices. By the end of this week, the US earnings season. UU Start with the heavyweights of the bank of JPMorgan Chase & Co. to Citigroup Inc. with first quarter earnings. Volatility is retreating in the stock and bond markets after an unstable start to the year in which the assumptions of synchronized global economic growth were tested.
On the geopolitical front, attention remains in Syria. According to al Jazeera, strong flights of coalition aircraft were seen near the border with Iraq. Meanwhile, US President Donald Trump stepped up preparations for a US response to an alleged chemical weapons attack in the country, canceling a planned trip to South America this weekend.
On the economy front, China's factory inflation slowed for the fifth month, while the consumer price index fell back from a four-year high.
Elsewhere, shares of Facebook Inc. rose as chiefs Mark Zuckerberg testified on Capitol Hill.
Terminal users can read our live blog of the markets here.
This is what is to come this week:
- US The IPC data and the FOMC minutes will be delivered on Wednesday.
- JPMorgan Chase & Co. and Citigroup Inc. report first quarter earnings on Friday.
These are the main movements in the markets:
- Japan's Topix index fell 0.2 percent from 10:41 a.m. in Tokyo.
- Australia's S & P / ASX 200 index fell 0.3 percent.
- The Kospi index rose 0.2 percent.
- Hong Kong's Hang Seng index added 0.4 percent. The Shanghai Composite Index rose 0.2 percent.
- Futures for the S & P 500 index fell 0.4 percent. The S & P 500 rose 1.7 percent.
- The Bloomberg Dollar Spot index fell less than 0.05 percent and was close to the minimum in two weeks.
- The Japanese yen rose less than 0.1 percent to 107.14 per dollar.
- The euro registered few changes at $ 1.2358.
- The yield on 10-year Treasury bonds remained stable at 2.80 percent.
- The performance of the 10-year bonds of Australia fell a basic point to 2.69 percent.
- Gold remained stable at $ 1,340.07 an ounce.
- West Texas Intermediate crude remained stable at $ 65.50 a barrel after a 3.3 percent rebound.
– With the help of Brian Chappatta