Business & Finance
Banking & Finance
Tuesday, April 25, 2017 9:43:48 AM
Asian stocks set for cautious start on weak U.S. cues
Source: Reuters - 4/20/2017 9:04:42 AM
0 ratings. You must sign in to rate.
Add To Favorites
Asian stocks may slip for a second consecutive day on Thursday as a weak Wall Street and declining commodity prices, especially for oil, prompted investors to trim their exposure to risky assets.
With the outcome of the French presidential elections due at the weekend, markets are set to trade in well worn trading ranges, barring any major data surprises in Asia.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped 0.5 percent in early trades after declining nearly 1 percent on Wednesday.
"Markets may continue to trade on a cautious tone with the French elections coming up this weekend," ANZ strategists wrote in a daily note.
Centrist Emmanuel Macron clung on to his status as favorite to win France's presidential election in a four-way race that is too close to call, as the camp of far-right challenger Marine Le Pen ramped up its eurosceptic rhetoric in a row with Brussels.
Weak results from index heavyweight IBM (IBM.N) pulled the S&P 500 and Dow lower with falls in energy sector stocks .SPNY also weighing on the broader market. [.N]
Bonds also came in for some profit taking after a recent rally, with yields on benchmark 10-year U.S. Treasury notes US10YT=RR firming to 2.21 percent from a five-month low of 2.165 percent hit on Tuesday.
A run of disappointing U.S. economic data and doubts how far the Trump administration will progress with tax cuts have quelled expectations of faster inflation and boosted fixed-income debt.
The dollar failed to capitalize on higher U.S. yields with the greenback hugging the 200-day moving average of around 108.85 against the Japanese yen as traders preferred to trade on market technicals rather than take fresh bets.
Oil languished near a two-week low after a surprising build in U.S. gasoline inventories and a rise in domestic crude output that is partially offsetting cutbacks by other countries trying to reduce a global glut. [O/R]
U.S. crude futures CLc1 edged 0.42 percent higher to $50.65 a barrel, after posting a near 4 percent drop overnight, the biggest one-day decline since March 8.
Elsewhere, gold XAU= was trading at $1279.48 per ounce, below Monday's peak of $1,295.42.
Euro pauses after rally, Canadian dollar hit by U.S. duties on lumber
Asia stocks, euro steady as markets pause for breath after French election
Oil markets remain cautious on record supplies
Asian stocks climb, euro surrenders gains as French election jitters return
Dollar edges away from recent lows with French vote in focus
Oil prices claw back ground after sharp drop, buoyed by U.S. crude stock dip
Dollar kicked by ascendant sterling after May calls UK vote
Sterling on a high; shares sidelined as caution rules
Dollar/yen off five-month low but U.S.-Japan trade issues limit rise
Oil prices mixed after U.S. production seen rising
Asia stocks slip amid North Korea concerns, dollar up on Mnuchin comments
Asian shares, Korean won head south on geopolitical worries
Dollar slumps broadly after Trump says currency 'getting too strong'
OPEC sees rivals' oil output rising as it over-delivers on cuts
Trump comments, North Korea fears sink dollar, bond yields, stocks choppy
Dollar slips vs yen after U.S. launches missile strike on Syria
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
Last updated at
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Type in the symbol above for thorough background information, key statistics and financial information.
Choose a sector
Oil & Gas
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple
to help you better manage your investments.
delivered directly to your email address.
Allow you to
filter the market
and find exactly what sort of company you are looking for.
Get instant access to FREE REAL-TIME
for hundreds of stocks from HOSE, HNX and UPCOM exchanges.
Stockbiz.vn © 2009 |