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S&P 500, Hang Seng, ASX 200 Outlook: Strong NFP and Stimulus to Lead the Way Higher


S&P 500, Hang Seng, ASX 200 Outlook: Strong NFP and Stimulus to Lead the Way Higher
S&P 500, HANG SENG, ASX 200, ASIA-PACIFIC MARKET WEEKLY OUTLOOK:
Wall Street equities rebounded on strong non-farm payrolls report, retreating yields
Senate Democrats passed a $1.9 trillion Covid relief package on Saturday, paving way for a faster recovery
US inflation rate, ECB and BoC interest rate decisions and China’s National People’s Congress are in focus this week
NFP, US Stimulus, ECB and BoC Interest Rate Decision, Asia-Pacific Stocks Weekly Outlook:
Asia-Pacific equities kicked off the week with an upbeat tone following a strong session on Wall Street last Friday. The S&P 500, Dow Jones and Nasdaq Composite rebounded 1.95%, 1.85% and +1.55% respectively after the release of a robust US nonfarm payrolls report. The figure came in at 379k, beating the baseline forecast of 182k by a wide margin. The previous month’s reading was revised up to 166k from an initia ....

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Dow Jones Steady amid Tech Rout, Will ASX 200, Hang Seng Follow?


Dow Jones Steady amid Tech Rout, Will ASX 200, Hang Seng Follow?
DOW JONES, NIKKEI 225, ASX 200 INDEX OUTLOOK:
Technology stocks plummeted, pulling down Wall Street benchmarks from recent highs
Rising commodity prices bolstered the energy and material sectors, underpinning the Dow Jones index
Hang Seng and ASX 200 opened mixed as investors awaited Powell’s testimony for clues about policy guidance
Tech Rout, Yields, Commodities, Powell Speech, Asia-Pacific at Open:
Asia-Pacific markets are poised for a cautious start on Tuesday following a mixed session from Wall Street. The closely watched US 10-year Treasury yield climbed to a fresh 12-month high of 1.394 before pulling back to 1.367 this morning, setting a sour tone for risk assets. Yields across the globe are rising on inflation expectations and reflation hopes as vaccine progress and an impending fiscal stimulus package bolstered the likelihood of a post-Covid recovery. Higher yields may have under ....

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