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(29 April): Asian equities seemed ready for a mixed start to the week, which was marked by a series of data releases that could provide clues to global economic growth. Volumes should be down with Japanese markets closed for holidays.
Futures posted gains early in the trading of Hong Kong shares, while Australia was about to open up flat. US stocks climbed on Friday and the S & P 500 Index reached an all-time high in the midst of a profusion of earnings. The euro remained stable after the Italian rating was left unchanged Friday, as polls in Spain show that the socialist party of outgoing Prime Minister Pedro Sanchez, won the largest number of votes expected.
Investors this week have the opportunity to gauge whether the recent slowdown in the global economy will continue, with data from the US, Europe and China, while the earnings season has continued . Underlying demand was weaker than Friday's figure in the United States, although some investors were reassured about the first quarter gross domestic product report, neither too hot nor too cold.
The next report on US inflation will be Monday. Investors who are banking on a reduction in the Federal Reserve's interest rates this year could show the greatest weakness, with market prices now indicating more than a 50% chance of a reduction in September. Traders will also continue to monitor high-level trade negotiations between China and the United States to detect any signs of progress towards a more concrete agreement.
Here are some notable events to come:
Companies that publish results include: Apple, Alphabet, GE, Pfizer, HSBC, Macquarie, BP, Royal Dutch Shell and McDonald's. US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin travel to Beijing to continue their trade negotiations. China and the United States hope to reach an agreement by early May. The Bank of England sets its interest rates on Thursday and updates its economic forecast, followed by a press conference with Governor Mark Carney. Friday, the report on jobs in the United States: the non-agricultural workforce is expected to increase by 185,000 in April. Economists expect the employment situation report to show an unemployment rate of 3.8% in April, with average growth in hourly earnings reaching 3.3%.
These are the main movements on the markets:
stocks
Hong Kong Hang Seng futures were up 0.4%. Australian S & P / ASX 200 futures have not changed much. The S & P 500 index rose 0.5% to a record high of 2,939.88. The Stoxx Europe 600 index rose 0.2%.
Coins
The yen remained stable at 111.58 to the dollar. The offshore yuan remained at 6.7411 for a dollar. The euro bought $ 1.1149, little changed.
Obligations
The yield on 10-year Treasuries fell three basis points to 2.50%.
Basic products
The price of a barrel of oil in western Texas fell 2.9% to 63.30 dollars a barrel on Friday. – Bloomberg
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