Asia eyes steady start amid taper debate; bonds up: markets wrap
Asian stocks look set for modest gains early Thursday after U.S. shares and Treasuries climbed on signs of moderating inflation that reduced concerns about an imminent paring back of Federal Reserve stimulus.
Futures edged up in Japan and Australia and were steady in Hong Kong. U.S. contracts fluctuated after the S&P 500 hit a record and the tech-heavy Nasdaq 100 fell amid a rotation to cyclical shares. Treasuries rose following a strong auction of 10-year notes and a U.S. inflation report lending support to the Fed’s assessment that price pressures are transitory. The dollar held a drop.
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By Julianna
Hey, moomooers! Here are things you need to know before the opening bell:
- Stock futures traded lower early Monday after the Dow Jones Industrial Average notched a record close Friday following a stronger-than-expected jobs report.
- Nio's former senior vice president Charles Huang Chendong, who left the electric company last year, has launched his own electric commercial vehicle company, Newrizon Inc, cnEVpost reported on Monday.
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