News

Morning Bid: Markets buoyant, but China rate call

All signs point to another solid day of gains across Asian markets on Tuesday, with investors' appetite for risk whetted by a lower dollar, subdued volatility and the S&P 500 and Nasdaq chalking up their longest winning streaks this year. Chinese stocks crept higher for a third day on Monday, edging away from last Thursday's six-month low, as investors turn their attention to the People's Bank of China's latest interest rate decision on Tuesday. Asia's calendar on Tuesday also includes minutes of the Reserve Bank of Australia's last policy meeting, New Zealand trade data, Hong Kong inflation, and export and current account figures from Taiwan.

Asian stocks are mixed after Wall Street's best week of the year

Asian stocks were mixed Monday as investors ponder the upcoming meeting of the Federal Reserve, following Wall Street's best week since November with a slight uptick in U.S. stocks Friday. U.S. futures were higher while oil prices dropped. Japan’s benchmark index ended 1.8% lower at 37,388.62 after data showed the core machinery orders, which are used as a leading indicator of capital spending in the coming six to nine months, fell 1.7% year on year in June.