Asian stocks firm despite Fitch downgrade of China, with U.S. stock futures and Euro rising

From Yahoo Finance: 2024-04-10 02:25:51

Asian stocks climbed despite Fitch downgrading China’s rating. Euro and U.S. stock futures rose, MSCI’s Asia-Pacific index increased by 0.48%, and benchmark 10-year Treasury yield was 4.3556%. Fitch lowered China’s outlook but upheld an ‘A+’ rating. Chinese stocks fell, but Hong Kong’s Hang Seng rose. Japan’s Nikkei dipped, and the yen’s depreciation might prompt intervention. Dollar at 151.78 yen, euro flat at $1.0856. U.S. CPI data will influence Fed’s next steps. U.S. stocks mixed, crude oil up, gold slightly higher.



Read more at Yahoo Finance: Asian stocks firm, take Fitch’s China downgrade in their stride