International Local News Sports Health Tech Entertainment Forum Video Stay Connected  
 
Stocks try a tentative bounce, bonds fret on U.S. inflation
reuters
Posted on: February 12th 2018
184 Pageviews
Asian share markets found a semblance of calm on Monday as S&P futures extended their bounce, though global inves...
© reuters

Asian share markets found a semblance of calm on Monday as S&P futures extended their bounce, though global investors were still fretting about the risks from looming U.S. inflation data after last week’s sharp sell-off.

MSCI’s broadest index of Asia-Pacific shares outside Japan crept up 1 percent, having suffered a 7.3 percent drubbing last week.

Both South Korea and China gained 1.2 percent, while Japan’s Nikkei was closed for a holiday.

E-Mini futures for the S&P 500 rose 0.6 percent, adding to a late bounce on Friday. European bourses were expected to open with solid gains, with futures for the London FTSE already up 1.4 percent.

Yet a relatively sharp 14-tick drop in Treasury bond futures suggested it was too early to sound an all-clear on volatility.

“A massive buildup in market leverage has been partially unwound in the blink of an eye and morphed into something far more broad-based,” said Chris Weston, chief market strategist at broker IG.

“One could argue that it is the U.S. bond market that is the driving force, and will remain so through this coming week.”

MORE FROM News
keepuplive
Zimbabwe applies to re-join Commonwealth, 15 years after leaving
keepuplive
3 Stocks to Watch For: Qudian Inc. (NYSE:QD), ARCA biopharma, Inc. (NASDAQ:ABIO), UBS Group AG (NYSE:UBS)
keepuplive
Royal wedding 2018: Five moments to remember
keepuplive
US vows 'strongest sanctions in history' on Iran
keepuplive
More than 100 killed in Cuba plane crash, state media reports
keepuplive
Alleged shooter at Texas high school spared people he liked, court document says
keepuplive
NORTH KOREA CASTS DOUBT ON TRUMP SUMMIT, SUSPENDS TALKS WITH SOUTH
keepuplive
You’re not the only corrupt-free Nigerian, Dogara tells Buhari
Subscribe:
Newsletter | Mobile App