Stocks in Asia Looked Set to Fall After a Decline in U.S. Equities

Gold Silver Reports (GSR) – Stocks in Asia Looked Set to Fall After a Decline in U.S. Equities — Futures on equities in Japan and Australia fell, while those in Hong Kong nudged higher. Chinese equity markets are due to reopen after a holiday, with traders getting their first chance to react to President Donald Trump’s order for a review of additional tariffs that prompted an aggressive response from China. While Friday’s selloff left U.S. stocks teetering on a key support level, futures on the S&P 500 Index climbed in early trading.               

Trump said Beijing will relax its restrictions “because it’s the right thing to do,” and added that deals will be made on tax reciprocity and intellectual property. His economic team defended American tariff threats, suggesting long-term gain from short-term pain. Attention now turns to China’s Boao Forum, where President Xi Jinping is among senior officials scheduled to speak.

The trade tensions overshadowed the latest U.S. jobs report released Friday, which showed hiring cooled by more than forecast in March. Elsewhere, Bank of Japan Governor Haruhiko Kuroda speaks on Monday at the start of his second term.

Read More:  Comex Silver Bull Market Coming 2018

Here’s what is coming up this week:

✅ Bank of Japan Governor Haruhiko Kuroda speaks in Tokyo Monday at the start of his second term.

✅ President Xi Jinping gives a keynote address at Boao Forum Tuesday.

✅ Facebook’s Mark Zuckerberg testifies at two Congressional hearings Tuesday and Wednesday.

✅ U.S. CPI data and FOMC minutes due Wednesday.

✅ JPMorgan and Citigroup first-quarter earnings Friday.

Spread the love

Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

Leave a Comment