Bloomberg
Published Dec 06, 2017 17:03
Updated Dec 06, 2017 17:46
Asian Stocks Poised to Stem Losses; Dollar Gains: Markets Wrap
(Bloomberg) -- The recent rout in Asian equities may be abating with the region’s stocks set to stem the recent losing streak as U.S. shares halted a global selloff, while the dollar climbed.
Equity-index futures in Japan signaled the Nikkei 225 Stock Average will recover some of its worst slide in nine months, while futures in Australia, Hong Kong and South Korea also rose. The S&P 500 Index ended little changed, with software makers gaining while energy shares slumped as crude fell past $56 a barrel after data showed growing gasoline inventories. Developing-nation stocks sank to a two-month low.
Global markets have succumbed to a bout of profit taking this week with eight days of losses for Asian equities culminating Wednesday in the biggest slide since last December for the region’s stocks index. Technology stocks, this year’s biggest winners, have posted the largest declines along with emerging-market shares, also standout winners in 2017.
Elsewhere, sterling weakened as efforts to rescue Brexit talks appeared to stumble. The loonie fell as the Bank of Canada kept borrowing costs on hold at its last interest-rate decision of 2017 and reiterated it will be “cautious” with future moves.
Terminal customers can read more in our Markets Live blog.
Here are some of the key events facing markets in the coming days:
These are the main moves in markets:
Stocks
Currencies
Bonds
Commodities
Written By: Bloomberg
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