Stocks rallied and bonds retreated in Asia on Monday as a thaw in the Sino-U.S. ...
SYDNEY - Stocks rallied and bonds retreated in Asia on Monday as a thaw in the Sino-U.S. trade dispute averted one threat to the global economy, leading investors to pare wagers on aggressive policy easing by the major central banks.
“The Trump-Xi G20 meeting looks to be a modest win for China and a positive for risk assets short term, but well within the range of expected outcomes,” said Westpac economist Richard Franulovich. Chinese blue chips climbed 2.1% to their highest since late April. E-Mini futures for the S&P 500 rose 0.8% and FTSE futures 0.5%.Fed funds dropped over 5 ticks as the market scaled back the probability of a half-point rate cut this month to around 13%, from nearer 50% a week ago.
The official Purchasing Managers’ Index held at 49.4 in June, just missing forecasts, while the Caixin/Markit PMI dropped to 49.4, the worst reading since January.“Although a worst case outcome has been averted, the threat of tariffs remains and it is unlikely the truce gives much confidence to firms’ investment and hiring decisions,” said Tapas Strickland, a director of economics at NAB.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
“Us” v “them” in South AsiaDecades after abolishing caste, India remains addicted to its habit of 'othering' others
Consulte Mais informação »
The Latest: Trump ends eventful trip to Asia, heads homeSEOUL, South Korea (AP) — The Latest on President Donald Trump's visit to Asia (all times local): 7:15 p.m. President Donald Trump is on his way back to Washington after a four-day...
Consulte Mais informação »
Chinese Stocks Are at the Mercy of Trade Talks but Cushioned by BeijingAnalysts say Chinese stocks could continue to drift unless the outlook for global trade brightens or Beijing acts more decisively to spur growth
Consulte Mais informação »
These five telco stocks may be worth investing in, says Morgan StanleyRevenues at telecommunications companies are set to revive again after years of decline, predicted Morgan Stanley in a Thursday report — that could spell good news for telco stocks.
Consulte Mais informação »
The 10 Top-Performing Stocks Of 2019Take a look at the ten stocks that have shown the greatest returns this year to date.
Consulte Mais informação »
After Tech’s Wild Quarter, Investors Brace For Turbulence AheadHalfway into the year, technology stocks are still climbing faster than the broader market—but it has been a bumpy ride.
Consulte Mais informação »