stinger77
2021-06-01
Always the opposite direction
Asian Stocks Look Set to Dip; Yuan Holds Retreat: Markets Wrap
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S&P 500 and Nasdaq 100 futures edged down following a U.S. holiday. The offshore yuan held a retreat after Chinaforcedbanks to keep more foreign currencies in reserve for the first time in over a decade, its most substantial move yet to rein in the surging currency.</p>\n<p>Oilclimbedas OPEC and its allies forecast that inventories will fall sharply this year if the group sticks to its current plan. Gold had its biggest monthly advance since July and most industrial metals gained.</p>\n<p>In Australia, the central bank is expected to keep loose policy settings unchanged. But it may be getting closer to a decision on whether the economy is strong enough to join Canada and New Zealand in signaling a move away from emergency stimulus.</p>\n<p><img src=\"https://static.tigerbbs.com/d84cf9b244d64599aca4cddcda34d3b6\" tg-width=\"620\" tg-height=\"348\" referrerpolicy=\"no-referrer\"></p>\n<p>Global stocks are starting the new month near record highs, underpinned by the economic recovery from the pandemic and ample liquidity from sustained stimulus. Still, concerns linger that rising price pressures could prompt central banks to withdraw support earlier than anticipated.</p>\n<p>“We believe the market has been premature in scaling back the reflation trade simply because some commodities and U.S. Treasury yields have experienced a correction,” wrote Eric Robertsen, chief strategist at Standard Chartered Bank.</p>\n<p>Here are key events to watch this week:</p>\n<ul>\n <li>Reserve Bank of Australia policy decision Tuesday</li>\n <li>OPEC+ meets to review oil production levels Tuesday</li>\n <li>Philadelphia Fed President Patrick Harker, Chicago Fed President Charles Evans, Atlanta Fed President Raphael Bostic and Dallas Fed President Robert Kaplan speak Wednesday</li>\n <li>U.S. employment report for May on Friday</li>\n</ul>\n<p>These are some of the main moves in markets:</p>\n<p>Stocks</p>\n<ul>\n <li>S&P 500 futures fell 0.1% as of 7:10 a.m. in Tokyo. The gauge was little changed Friday.</li>\n <li>Nasdaq 100 futures dropped 0.1%. The index rose 0.2% Friday.</li>\n <li>Nikkei 225 futures retreated 0.1%</li>\n <li>Australia’s S&P/ASX 200 Index futures fell 0.4%</li>\n <li>Hang Seng Index futures slipped 0.1%</li>\n</ul>\n<p>Currencies</p>\n<ul>\n <li>The yen traded at 109.54 per dollar</li>\n <li>The offshore yuan was at 6.3730 per dollar, after falling 0.2%</li>\n <li>The Bloomberg Dollar Spot Index fell 0.2%</li>\n <li>The euro was at $1.2229</li>\n</ul>\n<p>Bonds</p>\n<ul>\n <li>U.S. 10-year bond futures were little changed</li>\n</ul>\n<p>Commodities</p>\n<ul>\n <li>West Texas Intermediate crude rose 1% to $67.01 a barrel</li>\n <li>Gold was at $1,907.44 an ounce</li>\n</ul>\n<p><i>— With assistance by Robert Brand</i></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Asian Stocks Look Set to Dip; Yuan Holds Retreat: Markets Wrap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsian Stocks Look Set to Dip; Yuan Holds Retreat: Markets Wrap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 07:36 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-05-31/asia-stocks-to-slide-at-the-open-dollar-oil-gain-markets-wrap><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China seeking to temper currency surge; oil gains on OPEC+\nTraders await non-farm payrolls as inflation concerns linger\n\nAsian stocks looked set for a weaker open Tuesday and U.S. futures slipped as ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-31/asia-stocks-to-slide-at-the-open-dollar-oil-gain-markets-wrap\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-05-31/asia-stocks-to-slide-at-the-open-dollar-oil-gain-markets-wrap","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161057359","content_text":"China seeking to temper currency surge; oil gains on OPEC+\nTraders await non-farm payrolls as inflation concerns linger\n\nAsian stocks looked set for a weaker open Tuesday and U.S. futures slipped as traders await key American jobs data later this week to help gauge the economic outlook.\nEquity contracts fell in Japan, Australia and Hong Kong. S&P 500 and Nasdaq 100 futures edged down following a U.S. holiday. The offshore yuan held a retreat after Chinaforcedbanks to keep more foreign currencies in reserve for the first time in over a decade, its most substantial move yet to rein in the surging currency.\nOilclimbedas OPEC and its allies forecast that inventories will fall sharply this year if the group sticks to its current plan. Gold had its biggest monthly advance since July and most industrial metals gained.\nIn Australia, the central bank is expected to keep loose policy settings unchanged. But it may be getting closer to a decision on whether the economy is strong enough to join Canada and New Zealand in signaling a move away from emergency stimulus.\n\nGlobal stocks are starting the new month near record highs, underpinned by the economic recovery from the pandemic and ample liquidity from sustained stimulus. Still, concerns linger that rising price pressures could prompt central banks to withdraw support earlier than anticipated.\n“We believe the market has been premature in scaling back the reflation trade simply because some commodities and U.S. Treasury yields have experienced a correction,” wrote Eric Robertsen, chief strategist at Standard Chartered Bank.\nHere are key events to watch this week:\n\nReserve Bank of Australia policy decision Tuesday\nOPEC+ meets to review oil production levels Tuesday\nPhiladelphia Fed President Patrick Harker, Chicago Fed President Charles Evans, Atlanta Fed President Raphael Bostic and Dallas Fed President Robert Kaplan speak Wednesday\nU.S. employment report for May on Friday\n\nThese are some of the main moves in markets:\nStocks\n\nS&P 500 futures fell 0.1% as of 7:10 a.m. in Tokyo. The gauge was little changed Friday.\nNasdaq 100 futures dropped 0.1%. The index rose 0.2% Friday.\nNikkei 225 futures retreated 0.1%\nAustralia’s S&P/ASX 200 Index futures fell 0.4%\nHang Seng Index futures slipped 0.1%\n\nCurrencies\n\nThe yen traded at 109.54 per dollar\nThe offshore yuan was at 6.3730 per dollar, after falling 0.2%\nThe Bloomberg Dollar Spot Index fell 0.2%\nThe euro was at $1.2229\n\nBonds\n\nU.S. 10-year bond futures were little changed\n\nCommodities\n\nWest Texas Intermediate crude rose 1% to $67.01 a barrel\nGold was at $1,907.44 an ounce\n\n— With assistance by Robert Brand","news_type":1},"isVote":1,"tweetType":1,"viewCount":163,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":26,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/119389472"}
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