Asian futures are expected to fluctuate due to concerns about the tech sector rally losing steam

From Yahoo Finance.: 2024-06-24 19:37:06

Asian equity benchmarks are expected to fluctuate after a mixed day on Wall Street, with concerns that the tech sector rally is losing steam. Futures showed Hong Kong and Australian equities may edge higher, while Japanese stocks looked flat. The S&P 500 is forecasted to close the year at 5,606, just 3% above current levels. Treasury 10-year yields fell, while Bitcoin rebounded after a recent plunge. In commodities, oil climbed and gold edged up. Traders are watching China’s fiscal revenue decline and Japan’s currency pressure. US equities are set to pause after a tech-led rally, with some downside risks ahead. Key events this week include US consumer confidence and Fed speeches. Stocks and currencies saw minimal changes, with Bitcoin and Ether rising. – Bloomberg.



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