Anonymous ID: d2097c March 10, 2019, 7:18 p.m. No.5615683   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

Asian Stocks Trade Mixed, Dollar Edges Higher: Markets Wrap

 

Asian stocks were mixed on Monday following the worst week for global equities since mid-December. The dollar nudged up after Fridayโ€™s decline.

 

Shares in Hong Kong and Japan eked out small gains, while equities in South Korea and Australia retreated. Ten-year Treasury yields were little changed near their lowest in two months as Federal Reserve Chairman Jerome Powell reiterated he is in no hurry to change interest rates. S&P 500 Index futures ticked lower after U.S. stocks dipped Friday on mixed U.S. employment data. The pound slipped as another key Brexit vote looms in parliament, on Prime Minister Theresa Mayโ€™s revised deal.

 

Investors are cautious after a strong start to the year for risk assets stalled amid signs of struggling global growth. Next up will be a slew of data from China this week that could give fresh clues on the impact of its easing policy. The Bank of Japan will also meet to set policy. On the trade front, China and the U.S. are in general agreement on many crucial issues and have held meaningful discussions on foreign exchange, Peopleโ€™s Bank of China Governor Yi Gang said.

 

โ€œYouโ€™re seeing PMIs come down around the world, youโ€™re seeing a lot of economic surprise indices showing that global growth is slowing,โ€ Kevin Nicholson, chief market strategist at Riverfront Investment Group, told Bloomberg TV from Richmond, Virginia. โ€œIf we see a trade deal done and you see China stimulus start to come through, then a lot of these things will start to turn around.โ€

 

https://www.bloomberg.com/news/articles/2019-03-10/stocks-face-mixed-start-after-2019-s-worst-week-markets-wrap