Dow Jones, Hang Seng, ASX 200 Outlook: Rising Yields May Weigh on Prices
DOW JONES, HANG SENG, ASX 200, ASIA-PACIFIC MARKET OUTLOOK:
Asia-Pacific markets may trade lower as US equity futures retreated from record highs
Rising Treasury yields and a stronger USD may exert downward pressure on equities, commodities
UK and Canada core inflation, US retail sales figures are in focus today
Yields, US Dollar, Gold, Inflation, Asia-Pacific Stocks Outlook:
US equity futures edged lower on Wednesday morning after major stock benchmarks closed near record highs overnight. Investors are probably trying to strike a balance between reflation hopes and seemingly overstretched valuations, allowing recent rallies to take a brief pause. The S&P 500 index is trading near 32.3 times price-to-earnings, far above its five-year average of 21.2. Rich multiples may render the index vulnerable to profit-taking should rising yields and a stronger US Dollar trigger a technical pullback.
Dow Jones, Hang Seng, ASX 200 Outlook: Rising Yields May Weigh on Prices
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Dow Jones Hits Record on Stimulus, Will Hang Seng and ASX 200 Follow?
Dow, S&P 500 and Nasdaq 100 climbed 0.76%, 0.74% and 0.67% respectively on reflation hopes
Asia-Pacific equities may follow a strong US lead higher, underpinned by a weaker US Dollar
Energy sector was boosted by higher crude oil prices. Tesla propelled Bitcoin prices
US Stimulus, Crude Oil, Bitcoin, Asia-Pacific Stocks Outlook:
Asia-Pacific equities are poised to trade modestly higher after all three major US equity indices finished at record highs amid favorable market sentiment. The Democrats came up with an initial draft of the US$ 1.9 trillion fiscal stimulus bill, which will soon be sent to Congress for voting. The S&P 500, Dow Jones and Nasdaq 100 index climbed 0.74%, 0.76% and 0.67% respectively, with nearly three quarters of S&P 500 companies finishing in the green.
Dow Jones, Hang Seng, Nikkei 225 Outlook: Will the Rally Carry on?
DOW JONES, HANG SENG, NIKKEI 225, ASIA-PACIFIC MARKET OUTLOOK:
Dow Jones futures edged lower after registering a small loss on Monday
Reflation trade appears to have taken a pause as markets anticipate new fiscal stimulus to come in mid-March
The Hang Seng Index surged 2.4% and scrapped the 30,000 mark, reaching a fresh 20-month high
Fiscal stimulus, Earnings, Southbound flow to HK, Asia-Pacific Stocks Outlook:
US markets were mixed overnight with healthcare (+0.76%), consumer staples (+0.74%) and information technology (+0.55%) sectors outperforming. The Dow Jones Industrial Average underperformed the S&P 500 and Nasdaq 100 indices, reflecting a cooling appetite for reflation trades as investors returned to tech and staples seeking for certainty. Senate Majority leader Chuck Schumer said that he is aiming to pass the new fiscal stimulus plan by mid-March, which may have disappointed investors who had anticipat
Dow Jones Up on Yellen Stimulus Push; Hang Seng and ASX 200 May Climb
DOW JONES, HANG SENG, ASX 200 INDEX OUTLOOK:
Treasury Secretary nominee Janet Yellen backed Biden’s stimulus plan, sending stocks higher.
US earnings continued to be upbeat; Netflix smashed new subscriber growth forecasts.
Asia-Pacific markets lookset to advance further after Tuesday’s rally.
Dow Jones, Yellen, US earnings, Asia-Pacific at Open:
US equity indices finished broadly higher on Tuesday after Treasury Secretary nominee Janet Yellen showed her support for Biden’s US$ 1.9 trillion fiscal stimulus plan and addressed a market-driven dollar exchange approach in her confirmatioilyauat25n hearing on Tuesday. She also highlighted the need for higher unemployment compensation while opposing tax hikes to help families to weather the pandemic. Yellen’s comments revitalized reflation hopes and lifted crude oil prices, which led the energy sector (+2.63%) to outperform.
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