Asia stock futures mixed after US shares dip1 min read . Updated: 15 Jan 2020, 05:45 AM IST
- Shares saw modest gains in Australia, while futures were flat in Japan and nudged higher in Hong Kong
- All you need to know about what’s moving markets today
Stocks in Asia were set for a muted start Wednesday as investors assessed a report that tariffs on billions of dollars of Chinese goods will likely stay in place until after the presidential election. US stocks edged lower with Treasury yields.
Shares saw modest gains in Australia, while futures were flat in Japan and nudged higher in Hong Kong. The yen and Treasury futures edged up and S&P 500 futures slipped as Reuters reported the U.S. is drafting rules to block more sales to Huawei. While positive results from big banks had lifted sentiment in the U.S. session, concerns remain about progress in U.S.-China relations. Treasuries climbed after a gauge of underlying inflation rose less than forecast.
The two sides have an understanding that no sooner than 10 months after the signing of the agreement at the White House Wednesday, the U.S. will review progress and potentially trim tariffs now in place on $360 billion of imports from China, according to people familiar with the matter.
“Right now we are in a more constructive process," Omar Aguilar, CIO for equities at Charles Schwab, told Bloomberg TV. “While the uncertainty is still there, the fact that there’s a laid out plan for phase one and phase two has already been priced by the market and there is a positive view."
Elsewhere, oil ticked lower and gold remained steady.
Here are some events to watch for this week:
These are the major moves in markets: