ASIA STOCKS, U.S. FUTURES STEADY

By The Financial District
Jun 28, 2021
2 min read

Asia stocks were steady Monday, June 28, 2021, with investors weighing the pace of economic recovery against more potent COVID-19 strains and central banks mulling stimulus reductions. The dollar edged higher with Treasury yields, Andreea Papuc reported for Bloomberg News.

Sweetmat is an proven, effective, cost efficient disinfection mat from New Zealand.

Australia underperformed amid stricter curbs to stem the spread of the more potent Delta COVID-19 variant. Japan was little changed and China opened steady. U.S. futures fluctuated.

The S&P 500 had its best week since February, with financial and retail shares beating the technology giants that outperformed at the height of the pandemic. Hong Kong canceled the morning trading session because of a black rainstorm signal.

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Cryptocurrencies will be closely watched after the UK restricted an affiliate of crypto exchange Binance from doing business in the country. Bitcoin rose for a second day, trading in the mid-$30,000s range in the Asian morning on Monday.

Global stocks are trading near a record high as anxiety about the Federal Reserve’s hawkish tilt eased, with investors dialing back concerns that U.S. policymakers will rush to boost interest rates despite mounting inflation pressures.

Volatility receded, with the Cboe Volatility Index, or the VIX, sinking to pre-pandemic levels. Still, markets remain sensitive to more central banks debating the withdrawal of emergency stimulus.

Market & economy: Market economist in suit and tie reading reports and analysing charts in the office located in the financial district.

S&P 500 futures were little changed as of 10:38 a.m. in Tokyo. The S&P 500 rose 0.3% Friday. Nasdaq 100 futures were little changed.

The Nasdaq 100 fell less than 0.1%, Topix index rose 0.1%.

Australia’s S&P/ASX 200 Index fell 0.4%. Kospi index was little changed. Shanghai Composite Index was little changed. The yen was little changed at 110.70 per dollar. The offshore yuan was at 6.4633 per dollar.

The Bloomberg Dollar Spot Index inched up 0.1%. The euro was at $1.1925. The yield on 10-year Treasuries was at 1.53%. Australia’s 10-year bond yield added three basis points to 1.60%. West Texas Intermediate crude rose 0.2% to $74.17 a barrel. Gold slipped 0.5% to $1,772.54 an ounce, Cormac Mullen reported for Bloomberg News.

WEEKLY FEATURE : PAL READY TO SOAR WITH PANDEMIC