[ad_1]
(May 14): It looked like Asian stocks would continue to decline for US stocks, after Federal Reserve Chairman Jerome Powell warned of economic risks and tensions with China. Treasury bonds rose and the dollar advanced.
Futures fell in Japan, Hong Kong, and Australia. The S&P 500 briefly fell below 2,800, a level that has provided support in the past month, after Powell said the threat of a lasting recession could deepen without additional government spending. A federal savings plan delayed the transfer of funds to an index with Chinese stocks, adding to tensions fueled by President Donald Trump.
The rebound in global equities since the March lows shows new signs of stagnation this week amid suggestions by some investors that stocks have risen too high amid economic uncertainty. Meanwhile, in addressing bets on a negative Fed policy rate for next year, Powell said such a move was not being considered, although he did not entirely rule out ruling out the tool as an option in the future.
“It continues yesterday’s theme that the recovery will be slower and more uneven than markets may currently be ruling out,” said Sameer Samana, senior global market strategist at the Wells Fargo Investment Institute. “With the low streak going, it makes sense to take some gains.”
Republicans universally rejected a $ 3 trillion stimulus measure drafted by House Democrats to boost the U.S. economy, but the draft plan has the seeds for an eventual minor compromise.
Elsewhere, oil fell as investors weighed on declining inventories against a darker outlook for demand and the economic recovery. After the close of regular trading, Cisco Systems Inc. gave a sales forecast that exceeded Wall Street expectations and sent shares higher.
Here are some key events to come:
US weekly unemployment claims data. USA They must be delivered on Thursday
China releases April industrial production and retail sales data on Friday.
These are some of the main movements in the markets:
Stocks
The S&P 500 declined about 1.7%.
Japan’s Nikkei 225 futures were down 0.5%.
Hang Seng futures were down 0.9%.
Australia’s S & P / ASX 200 futures lost 1.1%.
Coins
The yen was at 107.06 per dollar.
The offshore yuan remained at 7.1121 per dollar.
The Bloomberg Dollar Spot Index rose 0.2%.
The euro bought $ 1.0818.
Captivity
The yield on 10-year Treasury bonds decreased two basis points to 0.65%.
Basic products
The Bloomberg Commodity Index was down 1.5%.
West Texas Intermediate crude decreased 1% to $ 25.52 per barrel.
Gold was at $ 1,716.99 an ounce.
