Asian Stocks Primed for Cautious Open, Oil Surges: Markets Wrap
From Yahoo Finance:
Asian equities looked to open quietly Thursday following a dip in US tech stocks. Oil futures climbed on an unexpected inventory drop. Australian shares and Japan futures were down slightly, while Hong Kong contracts inched higher. US market closed mixed with the S&P 500 slightly lower and Nasdaq 100 falling 0.8%. Data due later will signal US economic health and monetary policy effect. BOJ considers ending ETF purchases from 2010. China’s retail developers face challenges, with Country Garden missing a yuan bond payment and China Vanke in talks for a debt swap. Reports due include Indian wholesale prices and Chinese money supply data. Treasury yields rose, while the dollar held steady. Oil prices rose 2.8% after US inventory drop. Copper spiked to an 11-month high. Bitcoin and gold advanced. Key events include US economic data, China property prices, and Bank of Japan policy meeting results. Stocks, currencies, cryptocurrencies, bonds, and commodities remained relatively stable.
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