(Bloomberg) Asian equities edged higher Tuesday, with U.S. stocks around record highs as investors eye the start of the corporate earnings season and relatively smooth sales of government debt. Shares rose in Hong Kong and Japan, and fluctuated in China. U.S. equity contracts were steady following a slight pullback in the S&P 500 Index after three straight weeks of gains. Tech shares weakened, led by Intel Corp. as Nvidia Corp. homed in on its microprocessors market. Bond yields rose only slightly after the U.S. Treasury’s auctions of three- and 10-year notes attracted decent demand. The government offers 30-year bonds Tuesday. A positive outlook for U.S. growth should help corporate earnings, though stocks look precarious at these record highs given spikes in Covid-19 cases and troubled vaccine rollouts in parts of the world. The potential for sharper increases in inflation and borrowing costs are also top of mind, with investors focusing on U.S. consumer prices data and the stren
(Bloomberg) Asian equities erased gains Tuesday and U.S. stock futures slipped as traders await inflation data, a Treasury auction and corporate earnings to assess the market outlook. Bond yields and the dollar climbed. Shares retreated in China, where export growth missed forecasts in March and concern about the financial health of one of the nation’s largest bad-debt managers soured the mood. U.S. equity futures dipped following a slight pullback in the S&P 500 Index from a record. European contracts were steady. The cost of insuring Asia’s investment-grade bonds rose after a record spike in yields on the debt of the state-owned bad debt manager China Huarong Asset Management Co. In Treasuries, the focus turns to Tuesday’s 30-year auction after sales of three- and 10-year notes attracted decent demand. A positive outlook for U.S. growth should help corporate earnings, but stocks are precariously poised around record highs given spikes in Covid-19 cases and troubled vaccine ro
(Bloomberg) Asian equities edged higher early Tuesday, with U.S. stocks around record highs as investors eye the start of the corporate earnings season and relatively smooth sales of government debt. Stocks opened in the green in Japan, South Korea and Australia. U.S. equity contracts fluctuated after the S&P 500 closed a touch lower following three straight weeks of gains. Tech shares weakened, led by Intel Corp. as Nvidia Corp. homed in on its microprocessors market. Bond yields rose only slightly after the U.S. Treasury’s auctions of three- and 10-year notes attracted decent demand. The government offers 30-year bonds Tuesday. A positive outlook for U.S. growth should help corporate earnings, though stocks look precarious at these record highs given spikes in Covid-19 cases and troubled vaccine rollouts in parts of the world. The potential for sharper increases in inflation and borrowing costs are also top of mind, with investors focusing on U.S. consumer prices data and the str
Stocks Erase Gain, U S Futures Dip as Yields Rise: Markets Wrap swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.