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    Asian equities could take a boost after strong gains seen on US equities

    Asian equities may trade on the back foot as traders took profits during Wall Street session

    USDMYR Technical Analysis

    USDMYR Technical Analysis

    Asian equities observe positive start as optimism on Wall Street echoes

    Asian equities could trade with negative bias reflecting caution awaiting Nvidia’s earnings report

    Asian equities could take a boost after strong gains seen on US equities

    Asian equities likely to trade within narrow range following volatile session on Wall Street

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

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    Asian equities could take a boost after strong gains seen on US equities

    Asian equities may trade on the back foot as traders took profits during Wall Street session

    USDMYR Technical Analysis

    USDMYR Technical Analysis

    Asian equities observe positive start as optimism on Wall Street echoes

    Asian equities could trade with negative bias reflecting caution awaiting Nvidia’s earnings report

    Asian equities could take a boost after strong gains seen on US equities

    Asian equities likely to trade within narrow range following volatile session on Wall Street

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

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Asian equities poised for potential uptick following momentum of global peers

Anderson Alves by Anderson Alves
May 10, 2024
in Markets
Reading Time: 1 min read
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Asian equities might face challenges in trading due to deterioration in global risk
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Asian equities are poised for a potential uptick, following the momentum of global peers after a subdued trading day yesterday. Positive sentiment, fuelled by rising U.S. jobless claims, drove a dovish response in the markets. However, the semiconductor sector was notably affected by the U.S. government’s increased restrictions on Chinese chips and trade, leading to a 1.8% decline in Nvidia. This negative outlook may impact Asian semiconductor stocks today.

On the macroeconomic front, recent data has been relatively benign. U.S. Treasury yields dipped following the jobless claims report, which indicated the highest level since August last year. This softer data also weakened the U.S. dollar, providing a favourable environment for risk assets and emerging market (EM) currencies. Today’s focus will be on the preliminary U.S. Michigan survey, while traders anticipate next week’s significant economic data, including the Producer Price Index (PPI), Consumer Price Index (CPI), and retail sales figures. Additionally, several Federal Reserve officials are slated to speak, with Jerome Powell’s address on Tuesday being a focal point for core markets.

Tags: Asian EquitiesNvidiaUS dollarUS Jobless claim
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Anderson Alves

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