© Reuters. Passersby pass an electric screen showing the Asian market indices in front of a broker in Tokyo
By Andrew Galbraith
SHANGHAI (Reuters) – Asian stocks fluctuated between modest losses and expected gains on Friday, as investors waited for China's data on trade, lending and growth, and worries over tensions. Sino-US trade.
However, even if an anticipated reduction in the Fed's share has not boosted gains in the Asian markets, European equities should open up further.
The futures on all the Euro Stoxx 50 countries () rose by 0.29% to 3,500, the futures on the German DAX () rose by 0.36% to 12,367 and the futures () rose by 0, 34% to 7,475. The financial spreadbetters expect that the CAC () of Paris opens 0.38% higher.
Later Friday, China will release its trade data for June, analysts expecting exports to decline, falling global demand and a sharp rise in US tariffs weigh more heavily on the largest trading nation in the world.
China is also expected to release its loan data on Friday, while GDP figures for the second quarter are scheduled for Monday. The world's second-largest economy is expected to have slowed at its weakest pace in at least 27 years, giving hope for further stimulus to prevent further deceleration.
"You have key data coming out and I do not see why anyone would want to take a stand before having this data," said Michael Every, head of financial market research for the Asia-Pacific region. Pacific at Rabobank in Hong Kong. .
The broadest index of MSCI Asia Pacific shares out of Japan (), which has moved in a narrow range during the day, remained unchanged in the afternoon. Chinese equities rose, with the CSI300 () accounting for 0.85%.
Australian stocks () plunged 0.3% and the Japanese Nikkei stock index () started the day with slight losses, but was up 0.2%.
Highlighting the economic impact of global trade tensions, Singapore's economy experienced the weakest growth in the second quarter of the decade, with electronics production declining for a sixth consecutive month in May, and exports registering their highest growth. sharp decline in more than three years.
In the context of the global slowdown, US Federal Reserve Chairman Jerome Powell said on Thursday that a rate cut is likely at the Fed's next meeting.
Bets on such a downgrade remained strong despite rising US consumer inflation in June, and contributed to the 0.23% rise on Thursday, closing at a closing record of 2,999.91 points.
While the Nasdaq Composite () lost 0.08%, the Dow Jones Industrial Average () also reached a closing record of 27,088.08 points, up 0.85% over the day.
Futures on the e-mini S & P 500 () rose last 0.23% to 3,011.
However, on Thursday, in a tweet by US President Donald Trump, he said that China was not keeping its promises by buying agricultural products from US farmers threatened to revive business concerns.
"The markets have taken a little calm in the saga of the US-China trade war since the announcement of a truce and the resumption of trade talks at the G20 summit." Unfortunately, the headlines are beginning to new to appear, "wrote ANZ analysts in a statement. morning note.
"Even though it is not a big engine of the market, it reminds us that things could still get worse," they said.
US Treasury yields jumped on Thursday after demand was low for a 30-year bond auction worth $ 16 billion. After the US Department of Labor announced that its index of consumer prices excluding food and energy rose by 0.3% in June, the largest increase since January 2018.
The poorly received auction pushed Thursday the 30-year yield to 2,662%, according to Refinitiv data.
Yields continued to rise on Friday. The benchmark 10-year Treasuries () have recently sold 2.1399%, against 2.12% in the United States on Thursday, while the 30-year yield reached 2.6511%, versus 2.639% at closing. .
"The CPI report will have no material impact on the Fed's forecasts, nor on the big debate around 25 or 50," said Stephen Innes, managing partner of Vanguard Markets Pte, referring to the expectations of a rate cut in July. .
"After all, the FOMC is undoubtedly willing to let inflation warm up after spending almost a decade trying to light those flames," he said.
The dollar fell 0.15% against the yen to 108.32
The (), which follows the greenback against a basket of six major rivals, lost 0.15% to 96,900.
Oil prices have risen as US oil producers in the Gulf of Mexico have reduced their production by more than half in the face of a tropical storm and continuing tension in the Middle East.
The global benchmark, Brent (), rose 0.68% to $ 66.97 a barrel. US WTI (West Texas Intermediate) crude increased 0.61% to $ 60.57 per barrel.
Gold prices, weakened by stronger than expected US consumption inflation data, have regained their luster thanks to renewed commercial concerns and expectations of rate cuts.