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
By Kevin Buckland
TOKYO, Oct 29 (Reuters) -Asian stocks were 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 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 ticked up slightly following its 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 rose 0.65% as of 0213 GMT, building on its 1.82% rally in the previous session. It started the day down 0.21%.
Hong Kong's Hang Seng .HSI was 0.65% higher, paring earlier gains of as much as 1.6%. Mainland Chinese blue chips .CSI300 slipped 0.1%, giving up an early rise of 0.68%.
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, starting with Alphabet GOOGL.O. 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 104.24, 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 4.272% on Tuesday, after reaching the highest since July 11 at 4.3% overnight.
The dollar slipped 0.24% 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 $1.0814, and sterling GBP=D3 was flat at $1.2973.
Gold XAU= rose 0.35% to $2,751.76 an ounce, pushing up towards the record high of $2,758.37 from last week.
Brent crude futures LCOc1 gained 0.6% to $71.86 a barrel, while U.S. West Texas Intermediate crude CLc1 was at $67.83 a barrel, up 0.7%. 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
Actifs liés
Dernières actualités
Avertissement : Les entités de XM Group proposent à notre plateforme de trading en ligne un service d'exécution uniquement, autorisant une personne à consulter et/ou à utiliser le contenu disponible sur ou via le site internet, qui n'a pas pour but de modifier ou d'élargir cette situation. De tels accès et utilisation sont toujours soumis aux : (i) Conditions générales ; (ii) Avertissements sur les risques et (iii) Avertissement complet. Un tel contenu n'est par conséquent fourni que pour information générale. En particulier, sachez que les contenus de notre plateforme de trading en ligne ne sont ni une sollicitation ni une offre de participation à toute transaction sur les marchés financiers. Le trading sur les marchés financiers implique un niveau significatif de risques pour votre capital.
Tout le matériel publié dans notre Centre de trading en ligne est destiné à des fins de formation / d'information uniquement et ne contient pas – et ne doit pas être considéré comme contenant – des conseils et recommandations en matière de finance, de fiscalité des investissements ou de trading, ou un enregistrement de nos prix de trading ou une offre, une sollicitation, une transaction à propos de tout instrument financier ou bien des promotions financières non sollicitées à votre égard.
Tout contenu tiers, de même que le contenu préparé par XM, tels que les opinions, actualités, études, analyses, prix, autres informations ou liens vers des sites tiers contenus sur ce site internet sont fournis "tels quels", comme commentaires généraux sur le marché et ne constituent pas des conseils en investissement. Dans la mesure où tout contenu est considéré comme de la recherche en investissement, vous devez noter et accepter que le contenu n'a pas été conçu ni préparé conformément aux exigences légales visant à promouvoir l'indépendance de la recherche en investissement et, en tant que tel, il serait considéré comme une communication marketing selon les lois et réglementations applicables. Veuillez vous assurer que vous avez lu et compris notre Avis sur la recherche en investissement non indépendante et notre avertissement sur les risques concernant les informations susdites, qui peuvent consultés ici.
