Nasdaq at fresh record on tech gains, S&P 500 slips from high.
Stocks in Japan look set to be buoyed by a weaker yen, spurred by strength in the dollar on bets for a U.S. interest-rate increase next month.
Equity-index futures in Japan, Hong Kong and Australia all climbed. The S&P 500 Index slipped from a record, while technology shares pushed the Nasdaq Composite Index to an all-time high. The US dollar traded at the highest in a month in the wake of hawkish comments from Federal Reserve officials. Safe haven assets caught a bid after Sky News reported North Korea will proceed with a nuclear test.
Markets in India, Malaysia, Sri Lanka, Singapore and Thailand are closed for holidays.
Optimism for global economic growth is helping drive down expectations for volatility in equity and fixed-income markets. China data on consumer and producer prices provide the latest figures for investors to assess Wednesday. With global stocks trading near record highs, earnings need to keep delivering to appease investors getting restless about higher equity valuations.
South Korea’s stock market reopens after Moon Jae-in declared victory in the country’s presidential election.
Source: Bloomberg
Jr Trader Ivan Ivanov
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