(Bloomberg) — Asian shares advanced Tuesday, led by Japanese equities and as the latest data from China underscored the recovery in the world’s second-biggest economy. Gauges rose in Japan and Hong Kong, while Chinese onshore stocks fluctuated as investors assessed the strength of the economic rebound after data showed China’s factory activity expanded for a…
(Bloomberg) — European and US equity futures were steady, while the dollar rose against its major peers amid speculation the Federal Reserve may take a more hawkish tone when announcing its policy decision on Wednesday. Contracts for the Euro Stoxx 50 were little changed, while S&P 500 futures were slightly down after the underlying gauge…
(Bloomberg) Stocks edged lower as investors awaited clues on the path of interest rates from a raft of central bank officials including Federal Reserve Chair Jerome Powell. Europe’s Stoxx 600 fell 0.1% and US equity futures traded little changed. The 10-year Treasury yields climbed by three basis points to 4.6%. West Texas Intermediate held at $77, near a three-year low. Marks & Spencer Group Plc soared 10% after profit surged and it reinstated a dividend. Traders are trying to gauge how hard global central bankers will push back against the drop in government bond yields, which potentially hinders efforts to keep a handle on inflation. Up today are US policymakers including Powell and New York Fed President John Williams, as well as Bank of England Governor Andrew Bailey and officials from the European Central Bank. “Fed speakers will attempt to jawbone and cool market expectations for rate cuts,” said Todd Schubert, Dubai-based senior fixed-income strategist at Bank of Singap
Socionext Inc. has jumped more than 245% this year, with its market value touching a high of around ¥957 billion ($6.7 billion), making it the best-performing stock on the Topix index.