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2021-04-01
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Asia Stocks Track U.S. Gains; Treasuries Hold Drop: Markets Wrap
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Treasuries held losses.</p>\n<p>Shares rose across the region, with Hong Kong and Japan leading gains. China edged higher. U.S. futures fluctuated after the S&P 500 Index gained and stronger technology stocks drove outperformance in the Nasdaq 100. The dollar stabilized after completing its best quarter in a year.</p>\n<p>Ten-year Treasury yields were steady at 1.74% after sealing the worst quarterly performance since 1980 for the Bloomberg Barclays index tracking U.S. government bonds. Oil gained ahead of a high-stakes OPEC+ meeting that will debate whether to extend supply curbs.</p>\n<p>Equity markets gained modestly after the U.S. president laid out a $2.25 trillion infrastructure plan Wednesday. The aim to fund it with higher corporate taxes is likely to face resistance in Congress. Investors are also eying the risk of higher inflation as central banks reassert their commitment to keeping interest rates low to support the recovery.</p>\n<p>European Central Bank President Christine Lagarde said Wednesday that policy makers won’t shy away from using all their powers should investors try to push bond yields higher.</p>\n<p>Read More: Navigating the Recovery Trade Is Getting a Whole Lot Trickier</p>\n<p>Recent economic data are encouraging, as U.S. private employers added the most jobs in six months. In Asia, manufacturing picked up after the volatile Lunar New Year period, reflecting a sustained revival in goods production. However, a 28-day lockdown in Canada’s Ontario province came as a reminder of the continued threat from the virus.</p>\n<p>“There is still some room for recovery in stocks that will benefit from the economic recovery and the reopening trade,” Ania Aldrich, investment principal at Cambiar Investors LLC, said on Bloomberg TV. “There’s still a lot of growth that has to come and that’s not necessarily reflected in earnings yet.”</p>\n<p>Meanwhile, traders are monitoring halts in a number of Hong Kong-listed stocks, with some attributing the move to their failure to report earnings in time. The Hang Seng Index rose in early trade.</p>\n<p>Some key events to watch this week:</p>\n<p>OPEC+ meets to discuss production levels for May on Thursday.China Caixin PMI due Thursday.U.S. employment report for March on Friday.Good Friday starts the Easter weekend in countries including the U.S., U.K., France, Germany, Australia and Canada.</p>\n<p>These are some of the main moves in financial markets:</p>\n<p>Stocks</p>\n<p>S&P 500 futures were flat as of 12:00 p.m. in Tokyo. The S&P 500 Index increased 0.4% and the Nasdaq 100 rose 1.5%.Topix Index rose 0.6%.Australia’s S&P/ASX 200 Index was up 0.4%.Hang Seng Index rose 0.8%.South Korea’s Kospi Index gained 0.7%.Shanghai Composite Index climbed 0.3%.Euro Stoxx 50 futures rose 0.1%.</p>\n<p>Currencies</p>\n<p>The yen traded at 110.60 per dollar.The offshore yuan was at 6.5718 per dollar.The Bloomberg Dollar Spot Index was steady.The euro traded at $1.1726.</p>\n<p>Bonds</p>\n<p>The yield on 10-year Treasuries held at 1.74%.Australia’s 10-year bond yield rose six basis points to 1.85%.</p>\n<p>Commodities</p>\n<p>West Texas Intermediate crude rose 0.4% to $59.42 a barrel.Gold was up 0.3% at $1,713.34 an ounce.</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>Asia Stocks Track U.S. Gains; Treasuries Hold Drop: 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\">\nAsia Stocks Track U.S. Gains; Treasuries Hold Drop: Markets Wrap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-01 11:36 GMT+8 <a href=https://finance.yahoo.com/news/asia-stocks-track-u-higher-211146686.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Asia stocks rose Thursday as traders assessed U.S. President Joe Biden’s infrastructure plan. Treasuries held losses.\nShares rose across the region, with Hong Kong and Japan leading ...</p>\n\n<a href=\"https://finance.yahoo.com/news/asia-stocks-track-u-higher-211146686.html\">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://finance.yahoo.com/news/asia-stocks-track-u-higher-211146686.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196192886","content_text":"(Bloomberg) -- Asia stocks rose Thursday as traders assessed U.S. President Joe Biden’s infrastructure plan. Treasuries held losses.\nShares rose across the region, with Hong Kong and Japan leading gains. China edged higher. U.S. futures fluctuated after the S&P 500 Index gained and stronger technology stocks drove outperformance in the Nasdaq 100. The dollar stabilized after completing its best quarter in a year.\nTen-year Treasury yields were steady at 1.74% after sealing the worst quarterly performance since 1980 for the Bloomberg Barclays index tracking U.S. government bonds. Oil gained ahead of a high-stakes OPEC+ meeting that will debate whether to extend supply curbs.\nEquity markets gained modestly after the U.S. president laid out a $2.25 trillion infrastructure plan Wednesday. The aim to fund it with higher corporate taxes is likely to face resistance in Congress. Investors are also eying the risk of higher inflation as central banks reassert their commitment to keeping interest rates low to support the recovery.\nEuropean Central Bank President Christine Lagarde said Wednesday that policy makers won’t shy away from using all their powers should investors try to push bond yields higher.\nRead More: Navigating the Recovery Trade Is Getting a Whole Lot Trickier\nRecent economic data are encouraging, as U.S. private employers added the most jobs in six months. In Asia, manufacturing picked up after the volatile Lunar New Year period, reflecting a sustained revival in goods production. However, a 28-day lockdown in Canada’s Ontario province came as a reminder of the continued threat from the virus.\n“There is still some room for recovery in stocks that will benefit from the economic recovery and the reopening trade,” Ania Aldrich, investment principal at Cambiar Investors LLC, said on Bloomberg TV. “There’s still a lot of growth that has to come and that’s not necessarily reflected in earnings yet.”\nMeanwhile, traders are monitoring halts in a number of Hong Kong-listed stocks, with some attributing the move to their failure to report earnings in time. The Hang Seng Index rose in early trade.\nSome key events to watch this week:\nOPEC+ meets to discuss production levels for May on Thursday.China Caixin PMI due Thursday.U.S. employment report for March on Friday.Good Friday starts the Easter weekend in countries including the U.S., U.K., France, Germany, Australia and Canada.\nThese are some of the main moves in financial markets:\nStocks\nS&P 500 futures were flat as of 12:00 p.m. in Tokyo. The S&P 500 Index increased 0.4% and the Nasdaq 100 rose 1.5%.Topix Index rose 0.6%.Australia’s S&P/ASX 200 Index was up 0.4%.Hang Seng Index rose 0.8%.South Korea’s Kospi Index gained 0.7%.Shanghai Composite Index climbed 0.3%.Euro Stoxx 50 futures rose 0.1%.\nCurrencies\nThe yen traded at 110.60 per dollar.The offshore yuan was at 6.5718 per dollar.The Bloomberg Dollar Spot Index was steady.The euro traded at $1.1726.\nBonds\nThe yield on 10-year Treasuries held at 1.74%.Australia’s 10-year bond yield rose six basis points to 1.85%.\nCommodities\nWest Texas Intermediate crude rose 0.4% to $59.42 a barrel.Gold was up 0.3% at $1,713.34 an ounce.","news_type":1},"isVote":1,"tweetType":1,"viewCount":232,"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":6,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/357125200"}
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