Asian stocks set to rise after debt-ceiling deal

07.09.2017 / 02:09

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Most Asian equity-index futures were higher after U.S. stocks rose as investors weighed a U.S. deal that ensures the funding of its government through mid-December against persistent geopolitical tensions. The yen fell.

Markets gyrated late Wednesday amid several events that happened in rapid succession, including the resignation of Federal Reserve Vice Chairman Stanley Fischer and a surprise Canadian interest-rate increase. U.S. stocks climbed, the dollar pared losses and 10-year Treasury yields rose, while rates on bills due late this month fell after President Donald Trump sided with Democrats on the deal to extend the U.S. debt limit for three months. Traders are also watching Category 5 hurricane Irma, which is headed for Florida.

Futures on the Nikkei 225 Stock Average were down 0.1%, while contracts on the Kospi index in South Korea and Australia's ASX 200 Index were higher with indexes in Hong Kong and China.

Source: Bloomberg Pro Terminal

Jr Trader Alexander Kumanov

Varchev Traders

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Asian stocks set to rise after debt-ceiling deal

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