Asian Stocks Rise, Bond Yields Steady at 2024 High: Markets Wrap

-- Stocks in Asia climbed Tuesday after US benchmarks saw sluggish trading and Treasuries kicked off the week on the back foot ahead of key inflation data.Benchmark equity indexes gained in South Korea and Australia. Futures in Hong Kong also pointed higher. US 10-year yields steadied after rising to the highest since November, coming within striking distance of the psychologically important 4.5% level.

Elsewhere, oil was steady near a five-month high as traders weighed simmering tensions in the Middle East and persistent supply concerns. “The recent resiliency of inflation reduces the immediacy of rate cuts, which puts more pressure on earnings to drive future market gains,” said Richard Saperstein at Treasury Partners. “Given the elevated market multiples and rising bond yields, we remain cautious on stocks until earnings season delivers clear evidence of earnings growth.”US University of Michigan consumer sentiment, FridaySan Francisco Fed President Mary Daly speaks, FridayThe Japanese yen was little changed at 151.

A return to Panama would mean a voided K-1 visa, but Jasmine is thinking about a formal split from Gino in order to see her two children againEaster helps retail sales improve for boost after difficult start to yearThe party said business rates would be replaced with ‘a new, fairer levy’ that would be paid by the owner of the premises, rather than the tenant.

A highly accurate recession indicator is flashing the same warning it did prior to the 2001, 2008, and 2020 recessions, David Rosenberg said.NASHVILLE, Tenn. — Tennessee's GOP-dominant Senate on Monday unanimously signed off on legislation requiring minors to have parental consent to create social media accounts. The bill is similar to pushes currently being made across the United States as concern grows over young people's internet usage.

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