Key developments on Tuesday: |
|
Fixed Income
The yield on benchmark U.S. 10-year notes rose 2.3 basis points to 3.751%, from 3.728% late on Friday.
Forex
The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, rose 0.14% to 100.92, with the euro down 0.45% at $1.1112. Against the Japanese yen , the dollar weakened 0.21% to 143.61.
Commodities
Oil prices eased after the disappointing euro zone business activity data. U.S. crude fell 63 cents to settle at $70.37 a barrel and Brent fell 58 cents to settle at $73.90.
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading higher
|
42,124.65 | +61.29 | 0.15%Positive |
|
trading higher
Nasdaq Composite Index
.IXIC |
17,974.27 | +25.95 | 0.14%Positive |
|
trading higher
S&P 500 Index
.SPX |
5,718.57 | +16.02 | 0.28%Positive |
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading higher
Nikkei Index
.N225 |
38,351.22 | +627.31 | 1.66%Positive |
|
unchanged
Hang Seng Index
.HSI |
18,247.11 | — | — |
|
trading higher
S&P BSE SENSEX Index
.BSESN |
84,928.61 | +384.30 | 0.45% |
A mood of caution may hang over Asian stocks on Tuesday, following a fairly directionless U.S. session the day before and as investors brace for an interest rate decision in Australia and remarks from Bank of Japan Governor Kazuo Ueda.
That said, the slender gains eked out on Wall Street kept the S&P 500 within 0.3% of last week’s record high, and pushed the Dow to a new peak of 42,190 points. The feel-good factor from last week’s Fed move has not faded just yet.
The BOJ is the only major central bank raising rates, and investors will be looking to a speech from Governor Kazuo Ueda on Tuesday for clues on the pace and extent of tightening. The BOJ left rates unchanged on Friday and signaled it is in no rush to raise them again.
The People’s Bank of China, meanwhile, injected 14-day liquidity into the financial system on Monday for the first time in months, and at a lower rate than before. But investors will need a lot of convincing that Beijing’s stimulus efforts will be enough to fight off deflation and revive growth.
