Asian stocks traded cautiously on Tuesday, as investors weighed in on China’s measures to stem the recession and hope for the tightening of Federal Reserve monetary policy. increased inflation in the company’s finances. Netflix, Tesla and Johnson & Johnson will all report this week.Moscow has withdrawn its attacks in the two eastern provinces of Ukraine but Ukrainian President VolodymyrZelenskiy has vowed to continue fighting.
At the start of the Asian trading day, the MSCI index for Asia-Pacific shares outside Japan was 0.5% while the futures of the U.S. stock, the S&P 500 minis, were up 0.2%. The Australian S&P / ASX 200 rose 0.66%, as commodity prices increased mining and energy shares, while the Japanese Nikkei rose 0.18%.
China’s blue-chip index trading
China’s recent legal regulation in the sectorChina’s blue-chip index was up 0.06% in initial trading while the Shanghai Composite Index was up 0.24%. Hong Kong’s Hang Seng index fell by 2.4%, hampered by a slowdown in technology giants on the city list in the wake of recent violations of Chinese law in the sector. by 25 points (bps), it has released about 530 billion yuan ($ 83.25 billion) in the long-term budget to reduce the recession. the 2nd world economy which could significantly affect global growth.
China’s GDP exceeded analysts’ expectations
China’s gross domestic product (GDP) on Monday exceeded analysts’ expectations of a 4.8% increase in the first quarter since last year, while data from March showed weakness in consumption, exports and exports influenced by COVID-19 curbs.
Analysts said the key question was whether the authorities would make any changes to the anti-COVID-19 measures. Head of Asia Economics and Chief China Economist of UBS Investment Bank Research.
Bank of America quarterly revenue
Wall Street held a downward day on a bad trading day on Monday, as investors compared the Bank of America’s quarterly good earnings with rising bond yields ahead of further earnings indicators this week.
A significant reduction in global growth expectations from the World Bank, coupled with March’s weakening of China’s latest economic figures has given some hope to the U.S. market, which opened Monday following a summary of last week’s holiday. The S&P 500 fell 0.02% and the Nasdaq Composite slipped 0.14%.
Markets closed in many parts of Europe
Markets closed on Monday in Australia, Hong Kong and most parts of Europe over the Easter holiday. The Treasury’s 10-year yield was down 2.845%, after hitting 2.884% earlier on Monday, the highest since December 2018, as investors. amended to allow the Federal Reserve to raise prices by 50 points at its May and June meetings to accelerate inflation.
The two-year yield, which rises in the expectations of traders with higher Fed fund prices, affected 2.4459% compared to the U.S. closure. 2.46% .The dollar index, the greenback price gauge compared to six major currencies, increased by 100.88 after that. up 100.86 on Monday, the highest since April 2020.
Gold prices have changed
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