(Bloomberg) -- Asian stocks are poised for a weak open as traders await major central bank decisions, key economic data and earnings from four US megacaps...
-- Asian stocks are poised for a weak open as traders await major central bank decisions, key economic data and earnings from four US megacaps worth nearly $10 trillion.Futures show equity benchmarks in Tokyo, Hong Kong and Sydney will fall in early trading Tuesday, following a rotation in the US that drove the Nasdaq 100 to the brink of a correction. The S&P 500 closed little changed and small caps slipped. US stock futures were steady in early Asia hours.Results from Microsoft Corp.
Treasuries barely budged, but headed toward a third straight month of gains — the longest run since 2021. The US cut its estimate for federal borrowing for the quarter and projected its cash buffer to fall toward year-end. And companies are rushing to debt markets to raise cash before the Fed decision.US policymakers, who’ve kept rates at a more than two-decade high for a full year, are widely expected to leave them there again on Wednesday.
July’s wild ride in stocks has underscored how betting on seven large tech companies is no longer a simple, slam-dunk trade. During most of the month, investors jumped into other corners of the market on speculation Fed cuts will further boost Corporate America. Still, the S&P 500 ended up suffering two straight weeks of losses, dragged down by its most-influential group - technology.
The strategist — who was among the biggest bearish voices on US stocks last year — said that a gauge that measures profit upgrades versus downgrades has turned weaker, as is typical for this time of the year. That’s being driven primarily by so-called cyclical sectors. Macarthur Minerals Limited has closed the private placement offering for a total of AUD$1.282 million with subscriptions totalling 24,193,831 fully paid ordinary shares at a price of AUD 0.053 per share and 12,096,915 attaching options in the Company at an exercise price of AUD 0.10 with an expiry date 29 July 2026.This timelapse video by David Murray, which he says was recorded from 11:40 a.m. to 2 p.m. Monday, shows the early growth of a wildfire burning west of Loveland.
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