Asian stocks mixed, dollar drifts before megacap earnings, jobs data
Alphabet, Meta, Microsoft, Apple, Amazon to report results this week
Traders watching JOLTS, payrolls figures for Fed policy clues
US election into final stretch with polls close, markets eyeing Trump win
Updates prices at 0631 GMT
By Kevin Buckland
TOKYO, Oct 29 (Reuters) -Asian stocks were broadly mixed in volatile trading on Tuesday as investors girded for three days of tech megacap earnings reports on Wall Street, kicking off with Google parent Alphabet GOOGL.O later in the day.
The dollar drifted not far from a three-month high with one of the Federal Reserve's preferred employment gauges - the JOLTS job openings report - due on Tuesday, ahead of highly anticipated monthly non-farm payrolls data on Friday. U.S. Treasury yields eased from three-month peaks.
The yen found its footing following Monday's plunge to a three-month low as the coalition government's drubbing in weekend elections clouded the outlook for Japanese fiscal and monetary policies. The Nikkei index recovered from a cautious start to build on the previous session's gains.
The U.S. election has entered its final stretch, with opinion polls still too close to call a winner, despite some betting sites and financial markets leaning toward a win for Republican Donald Trump over Democrat Kamala Harris.
Crude was on the back foot following a plunge on Monday on signs the war in the Middle East would not widen, after Israel avoided targeting oil and nuclear facilities in a retaliatory strike on Iran at the weekend.
The Nikkei .N225 ended the day up 0.77%, building on its 1.82% rally in the previous session. It started the day down 0.21%.
Hong Kong's Hang Seng .HSI was 0.5% higher, paring earlier gains of as much as 1.6%. Mainland Chinese blue chips .CSI300 slipped 0.75%, reversing an early rise of 0.68%. Chinese investors are focused on a top leadership meeting next week for more details of Beijing's stimulus measures.
U.S. S&P 500 futures EScv1 were flat after the cash index gained 0.26% overnight.
"The conviction to take these markets higher, we just don't have that," said Tony Sycamore, a markets analyst at IG. "We're in a very, very tricky period here. It just doesn't make sense to be chasing risk at this time."
The bulk of the "Magnificent Seven" group of megacap technology stocks that have driven Wall Street to all-time highs this year report financial results this week. Earnings from Meta Platforms META.O and Microsoft MSFT.O are due on Wednesday, followed by Apple AAPL.O and Amazon AMZN.O on Thursday.
The dollar was little changed against a basket of six major peers, which includes the yen and euro. The dollar index =USD stood at 104.29, after reaching 104.57 overnight, matching the high from Wednesday of last week, a level previously not seen since July 30.
Recent robust U.S. economic data, including evidence of a resilient job market, have seen bets pared back for easing this year by the Federal Reserve, boosting the dollar.
The U.S. currency has also been buoyed by rising market expectations for an election win for Trump, whose tariff, tax and immigration policies are seen as inflationary, thus negative for bonds and positive for the dollar.
Ten-year U.S. Treasury yields US10YT=RR eased to 4.2661% on Tuesday, after reaching the highest since July 11 at 4.3% overnight.
"We expect the narratives of a Trump win ... and U.S. economic outperformance to continue to dominate financial markets, in turn supporting U.S. interest rates and the USD," said Carol Kong, a currency strategist at Commonwealth Bank of Australia.
The dollar slipped 0.23% to 152.92 yen JPY=EBS, but that followed a rally to the highest since July 31 at 153.885 yen on Monday.
In Japan, a period of wrangling to secure a coalition is likely after Prime Minister Shigeru Ishiba's Liberal Democratic Party and its junior partner Komeito lost their majority in parliament, in a scathing result that potentially means bigger fiscal spending and complicates the Bank of Japan's push to normalise interest rates.
The head of the opposition Democratic Party for the People said on Tuesday that the central bank should avoid making big changes in its ultra-loose monetary policy now because real wage growth is still at a standstill.
The BOJ next decides policy on Thursday, with no change expected.
The euro EUR=EBS held steady at $1.0811, and sterling GBP=D3 edged 0.05% lower to $1.29655.
Gold XAU= rose 0.39% to $2,752.75 an ounce, pushing up towards the record high of $2,758.37 from last week.
Brent crude futures LCOc1 declined 0.18% to $71.29 a barrel, while U.S. West Texas Intermediate crude CLc1 was at $67.25 a barrel, down 0.19%. Both contracts tumbled 6% on Monday, hitting their lowest since Oct. 1.
World FX rates YTD http://tmsnrt.rs/2egbfVh
Asian stock markets https://tmsnrt.rs/2zpUAr4
Reporting by Kevin Buckland; Editing by Jamie Freed
Activos relacionados
Últimas noticias
Descargo de responsabilidades: Cada una de las entidades de XM Group proporciona un servicio de solo ejecución y acceso a nuestra plataforma de trading online, permitiendo a una persona ver o usar el contenido disponible en o a través del sitio web, sin intención de cambiarlo ni ampliarlo. Dicho acceso y uso están sujetos en todo momento a: (i) Términos y Condiciones; (ii) Advertencias de riesgo; y (iii) Descargo completo de responsabilidades. Por lo tanto, dicho contenido se proporciona exclusivamente como información general. En particular, por favor tenga en cuenta que, los contenidos de nuestra plataforma de trading online no son ni solicitud ni una oferta para entrar a realizar transacciones en los mercados financieros. Operar en cualquier mercado financiero implica un nivel de riesgo significativo para su capital.
Todo el material publicado en nuestra plataforma de trading online tiene únicamente fines educativos/informativos y no contiene –y no debe considerarse que contenga– asesoramiento ni recomendaciones financieras, tributarias o de inversión, ni un registro de nuestros precios de trading, ni una oferta ni solicitud de transacción con instrumentos financieros ni promociones financieras no solicitadas.
Cualquier contenido de terceros, así como el contenido preparado por XM, como por ejemplo opiniones, noticias, investigaciones, análisis, precios, otras informaciones o enlaces a sitios de terceros que figuran en este sitio web se proporcionan “tal cual”, como comentarios generales del mercado y no constituyen un asesoramiento en materia de inversión. En la medida en que cualquier contenido se interprete como investigación de inversión, usted debe tener en cuenta y aceptar que dicho contenido no fue concebido ni elaborado de acuerdo con los requisitos legales diseñados para promover la independencia en materia de investigación de inversiones y, por tanto, se considera como una comunicación comercial en virtud de las leyes y regulaciones pertinentes. Por favor, asegúrese de haber leído y comprendido nuestro Aviso sobre investigación de inversión no independiente y advertencia de riesgo en relación con la información anterior, al que se puede acceder aquí.
