Asian stocks and futures for US indicators recorded profits on Monday, suggesting that the Gulf of Height in Wall Street could continue after inflation -reading this past weekend. The S&P 500 and Nasdac 100 contracts rose 0.3%, after both tissues ended the Friday session, to end a series of losses that lasted three days. Asian stocks also compensated for their early losses up to 0.3%, with the Hong Kong index climbing 1.5%. On the other hand, the Japanese shares have gone through profit distributions, while the shares on the Chinese continent increased by 0.5% with the support of strong economic data. Oil fell 0.5% with the trade indicating that the “OPEC+” coalition could study its production in November by more than 137 thousand barrels a day, which is the scheduled increase for October. On the other hand, gold still recorded record levels, while the Bloomberg index for the dollar fell for the second day, influenced by the flow of the end of the month and the fear of a US government’s closure. The yields of US ties have ascended. President Donald Trump is scheduled to meet with the leaders of Congress today, just a day before the government’s financing ends unless an agreement is reached on a temporary spending project that the government funds until mid -November, before the deadline on the first October. Also read: What happens when the US government is closed? “In the case of a closure, federal employees’ work will be suspended, which can under pressure US economic activity, in addition to postponing the publication of official data,” says Peter Dragsevich, a strategic at Corbay, in a note. He added: “The failure to avoid the closure will emphasize the difficult environment facing the US economy, which can push more on the dollar.” In the Friday session, investors benefited from the drop of the market for purchase, while the yield curve on US bonds was a slight tendency to rise, to the data of the personal consumer spending index – preferred by the federal to measure inflation – within the scope of expectations (but it came higher than the middle of the estimates). According to the data data collected by Bloomberg, traders will continue to reduce a new interest rate next month, in an effort to support the quiet job market. What do “Bloomberg” experts say? Mark Cranfeld, the macro -economic strategy in MLIV, said: “The expectations to reduce interest increase the durability of stock markets, as investors expect a strong end of the risk. of investors at the Trump meeting and the leaders of the congress will focus, with anxiety that the closure will postpone the publication of important data such as the work report on Friday – one of the most important indicators that federal has accepted in its decisions. They hate mystery, and the job market is an important indication of risk councils, “says Gareth Nicholson, head of investment at Nomura International Wilde Management, in an interview with Bloomberg. In Asia, the Chinese shares were the focal point showing that the government policy to face surplus Weeks holiday starting on Wednesday. Well, the low comparison base, as well as the government’s efforts to reduce the surplus production capacity in sectors such as electric cars and heavy industries.
Asian stocks and US contracts are rising .. and the dollar is withdrawing
