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Asian Stocks Set to Rise after Mixed Wall Street Session

Jumat, 19 Juni 2020 | 08:10 WIB
Asian Stocks Set to Rise after Mixed Wall Street Session

ILUSTRASI. A man wears a protective mask as he walk past a panel displaying the Hang Seng Index during morning trading, following the outbreak of the new coronavirus, in Hong Kong, China March 13, 2020. REUTERS/Tyrone Siu

Sumber: Reuters | Editor: Thomas Hadiwinata

"The uncertainty that has acted to pause any further price gains in U.S. stocks is centered on concerns over a second wave of COVID-19, continued concerns over the state of the U.S. economy in a post pandemic landscape and increasingly strident concern over the upcoming 2020 elections – as framed by recent civil unrest," said Peter Kenny, founder of New York-based Kenny's Commentary LLC and Strategic Board Solutions LLC.

On Wall Street, The Dow Jones Industrial Average fell 0.15%, but the S&P 500 added 0.06%.

The Nasdaq Composite rose 0.33% after spending much of the session lower.

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China's markets have provided investors with some cheer with the blue-chip CSI300 shares adding 0.7% on Thursday, helped by reassurances from its central bank governor that the world's second-largest economy would maintain ample financial liquidity this year.

In currency markets, the Japanese yen strengthened 0.01% versus the greenback at 106.96 per dollar, while sterling was last trading at $1.2425, up 0.01% on the day.

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U.S. Treasury yields rose as did crude oil as worries about fuel demand in light of rising coronavirus cases were offset by data showing lower U.S. inventories of gasoline and distillates, indicating higher demand.

Benchmark 10-year U.S. Treasury notes fell in price to yield to 0.7068%, from 0.694% late on Thursday.

U.S. crude recently rose 0.77% to $39.14 per barrel and Brent was little changed on the day

U.S. gold futures settled down $1,724.80 an ounce.

(Reporting by Katanga Johnson Editing by Sam Holmes)

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