Copper gains traction as energy transition takes centrestage
Investors are dialling up their bets on the commodity, which has seen prices surge this year amid supply risks and escalating demand.
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Investors are dialling up their bets on the commodity, which has seen prices surge this year amid supply risks and escalating demand.
U.S. stocks tread higher ahead of latest inflation test
World stocks traded higher and bonds and currencies steadied on Wednesday, largely unfazed by ratings agency Fitch downgrading its China outlook, while traders awaited crucial U.S. inflation data due... -April 10, 2024 at 05:04 am EDT - MarketScreener
SYDNEY (Reuters) -Asian stocks traded higher on Wednesday, unfazed by a rating downgrade to China by Fitch which triggered a mild domestic sell-off as the world's second-biggest economy struggles to mount a solid post-COVID recovery. U.S. stock futures, the S&P 500 e-minis, were up 0.1% at 5,265.3. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.48%, after U.S. stocks ended the previous session with mild gains.
Asian markets were mixed Tuesday following a drop on Wall Street, though Shanghai and Hong Kong were lifted by a pledge by authorities to boost investment in a range of stocks as they look to staunch a long-running rout.However, Hong Kong and Shanghai -- among the world's worst-performing markets -- enjoyed much-needed buying interest after a unit that controls company stakes on behalf of China's government said it had expanded the scope of investments.