Stocks in Asia were mixed at the start of a week packed with earnings results and a Federal Reserve interest-rate decision. Oil remained below $46 a barrel before an OPEC meeting, while the yen pared earlier gains.
Australia stocks were lower, Japan’s Topix trimmed losses while benchmarks in Hong Kong and China advanced. The dollar held losses after touching the lowest level since May 2016 on Friday. Crude fluctuated in a narrow range after dropping 1.7 percent last week. Treasuries and gold were little changed.
Earnings from industry bellwethers from Amazon.com Inc. to GlaxoSmithKline Plc and central bank policy discussions are providing the latest tests for the bull market that’s propelled the value of global equities to $78 trillion. Investors are also bracing for further surprises from Washington after President Donald Trump sought to impose order in his White House in the face of a widening Russia probe.
Futures on the S&P 500 Index fell 0.1 percent. The yen rose less than 0.1 percent to 111.05 per dollar, after strengthening as much as 0.3 percent earlier. The euro increased 0.1 percent to $1.1671. The New Zealand dollar weakened 0.4 percent. WTI crude rose less than 0.1 percent to $45.81 a barrel. Gold was little changed at $1,254.48 an ounce, having climbed the past two weeks. The yield on the 10-year Treasury note was little changed at 2.24 percent.
Source: Bloomberg Pro Terminal
Jr Trader Ivan Ivanov
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