Asian Shares to Track Record-Breaking Wall Street: Markets Wrap

-- Asian equity benchmarks are set to open higher Tuesday as a rally in several large technology companies drove US stocks to another record.S&P 500 Hits 30th Record of 2024 as Megacaps Rally: Markets WrapHedge Funds’ Secret Weapon to Fight the SEC Lives in Texas

Ahead of Wednesday’s holiday in the US, traders geared up for retail-sales data and a slew of Federal Reserve speakers. Treasuries fell Monday amid a flurry of high-grade corporate bond sales that exceeded $21 billion, led by Home Depot Inc. There will also be a close watch on the implecations of Beijing’s latest move in its trade tensions with Brussels, after China launched an anti-dumping probe on pork imports from the European Union. That comes as the bloc looks at Chinese subsidies across a range of industries and will impose tariffs on electric car imports from July.

Citigroup is the third firm since Friday’s close to lift its forecast for the gauge, joining Goldman Sachs Group Inc. and Evercore ISI as US stocks keep climbing to records.

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