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Asian stocks to stop ahead of China data on US “altitude sickness”



BOSTON (Reuters) – Asian stocks were set for a mostly flat start on Friday as markets weighed a pause on Wall Street multi-month stock declines and awaited the release of Chinese economic data later in the session.

PHOTO PHOTO: A visitor wearing a face mask, after a coronavirus explosion, walks in front of a stock quoting board outside a brokerage in Tokyo, Japan March 2, 2020. REUTERS / Issei Kato

Futures futures in the Australian S & P / ASX 200 were down 0.05%, while Japan’s Nikkei 225 futures were up 0.06% after the Nikkei 225 index closed 1

.78% at 23,249.61 on Thursday. The futures contract is down 0.11% from the near one. Futures on the Hong Kong Hang Seng Index fell 0.13%.

The S&P 500 ended slightly lower on Thursday after briefly trading above its record by closing the high for a second day, and industry average Dow Jones also plunged into the continuation of a disappointing forecast by Cisco Systems Inc. The Nasdaq Composite, reinforced by Apple Inc., with the highest nudity.

Wall Street reluctance came as U.S. lawmakers continued to fight over a new stimulus package, and a report from the U.S. Department of Labor showed that the number of Americans seeking unemployment benefits fell below one million last week for the first time. since the inception of COVID – 19 pandemic – is not enough to change the views of economists that the job market recovery was bad.

“Many say the best treatment for altitude sickness is to stop and rest where you are,” Rodrigo Catril, Senior FX Strategist at the National Bank of Australia in Sydney, wrote in a note about the small share withdrawal. US and government bonds.

The future E-mini for the S&P 500 rose 0.13%. The MSCI stock gauge across the globe shed 0.04%.

The dollar index fell 0.141%. The Japanese yen weakened 0.03% against the green level to 106.96 per dollar; The Australian dollar rose 0.03% against the greenback to $ 0.715 and the Chinese offshore yuan weakened to 6.9485 for the dollar.

Joseph Capurso, Head of International Economics at the Commonwealth Bank of Australia in Sydney, said economic data expected later Friday from China will boost trading in the Australian dollar and Chinese currency.

“We anticipate that retail sales in July, industrial production and fixed asset investment all point to a continued strong recovery in China,” he wrote. “China-led heavy freight repair in the global economy supports commodity currencies such as the AUD.”

US Treasury yields rose to seven-week levels on Thursday after the Treasury sold a record amount of 30-year bonds for weak demand. Ten-year yields were last at 0.718%, having previously reached 0.727%, the highest since June 24th. They rose from 0.504% last Thursday, which was the lowest since March 9th.

Oil prices eased on Thursday after a weaker demand forecast, but weaker limited dollar losses as traders maintained focus on US stimulus headlines. US crude was up 0.24% at $ 42.34 a barrel as Brent set Thursday’s session at $ 44.96.

Gold spot added 0.3% to $ 1,958.07 an ounce.

Reporting by Lawrence Delevingne in Boston

Our standards:Principles of Thomson Reuters Trust.

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