Reported 4 months ago
Asian stocks are expected to decline on Thursday as US bond yields and shares dropped following a weak sale of Treasuries. Futures for equity benchmarks in Sydney, Tokyo, and Hong Kong indicate markets will open lower, with US shares also slipping after Salesforce Inc.’s shares fell in extended trading and US Treasuries saw tepid demand in a seven-year securities sale. Concerns about rising yields amidst a high US deficit and the Federal Reserve's cautious stance on rate cuts are impacting market sentiment. Other key events this week include Eurozone economic data, US initial jobless claims and GDP, and Chinese business surveys.
Source: YAHOO