Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Indexes
  3. World
  4. Hang Seng
  5. News
  6. Summary
    HSX   HK0000004322

HANG SENG

(HSX)
SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Stock Futures Rise, Bitcoin Regains Some Ground After Multi-Month Lows

05/24/2021 | 03:40am EDT

By Anna Hirtenstein

U.S. stock futures edged up and bond yields crept lower as investors grew more comfortable with the inflation outlook and the pace of the economic recovery.

Futures tied to the S&P 500 added 0.5%, pointing to a positive start to the week after the broad-market index fell moderately for two weeks in a row. Nasdaq-100 futures also rose 0.5%, suggesting gains for technology stocks after the opening bell.

Investors are keeping a close eye on inflation indicators to determine whether a rise in prices will be temporary or longer-term. Companies that are able to pass along higher costs to consumers such as in energy and materials have been an increasingly popular trade, while technology companies' shares and bonds have lagged.

"Inflation concerns have lessened, there's more of a wider recognition that inflation will be transitory," said Fahad Kamal, chief investment officer at Kleinwort Hambros. "This is reflecting the fact that we hit the fastest part of the recovery. Growth, while continuing, is going to be at a decelerating pace."

In bond markets, the yield on the benchmark 10-year Treasury note declined to 1.618% Monday from 1.629% Friday. Yields fall when prices rise.

Cryptocurrencies continued a dramatic stretch of trading. Bitcoin regained some ground after touching multi-month lows Sunday and traded around $36,750, a 4% rise from Friday at 5 p.m. ET. The cryptocurrency has lost over 40% of its value since its mid-April peak.

"Decentralized finance is facing its first real challenge since inception. We don't think that this is the end, the bubble has not really popped yet," said Monica Defend, global head of research at Amundi. "Central banks are ready to play in the digital currency field, I expect with the central banks in play, there will be more regulation to come and more transparency."

The Chicago Fed National Activity Index, which is seen as a gauge of economic activity and inflationary pressure, will be published at 8:30 a.m. ET.

Federal Reserve Gov. Lael Brainard will be speaking about digital currencies at a virtual event organized by CoinDesk at 9 a.m.

Earnings season is winding down. This week, technology companies including Nvidia on Wednesday and Salesforce.com and Dell Technologies on Thursday, are set to report.

Overseas, the pan-continental Stoxx Europe 600 ticked up 0.1%. Monday is a public holiday in several European countries, including Germany and Denmark. In Asia, major benchmarks were mixed. The Shanghai Composite Index advanced 0.3% while Hong Kong's Hang Seng Index slipped 0.2%.

Write to Anna Hirtenstein at anna.hirtenstein@wsj.com

(END) Dow Jones Newswires

05-24-21 0540ET

All news about HANG SENG
09:18aWall Street Sees Weak Open, Amazon's Downbeat Revenue Outlook Weighs Heavy on..
MT
07:36aS&P/TSX COMPOSITE INDEX : BMO's Canada Markets Wrap
MT
06:34aAsian Stock Markets Decline on Beijing, Pandemic Outlooks
MT
06:32aTaiwan's Q2 GDP growth slows but exports remain strong
RE
06:12aHong Kong Hang Seng Down 1.35% as Tech, Property Issues Renew Slump
MT
05:05aHANG SENG : Hong Kong Stocks Cap off Week with Losses; Joy Spreader Interactive'..
MT
04:28aHANG SENG : Hong Kong Stocks Cap off Week with Losses as US Economic Growth Miss..
MT
04:23aTENCENT, ALIBABA, DIDI : Beijing takes control
03:08aMARKETMIND : Ready for a summer lull?
RE
07/29Hong kong's hang seng index falls more than 2%
RE
More news
News of the index components HANG SENG
12:59pNEW WORLD DEVELOPMENT : Second K11 project in Shanghai kicks off with groundbrea..
PU
07:31aTENCENT : SEC halts Wall Street IPOs of Chinese companies, mulls new risk disclo..
AQ
06:44aSINO BIOPHARMACEUTICAL : Biopharm's Neuroprotective Agent Wins Registration Appr..
MT
06:13aCK INFRASTRUCTURE : Files for Listing of Perpetual Securities Worth $300 Million..
MT
05:18aCHINA CONSTRUCTION BANK : Wins Regulatory Nod to Sell Up to $22.5 Billion Renmin..
MT
05:01aTENCENT : China urges tech companies to step up management of critical data expo..
RE
04:39aCLP : Terms of Reference of Finance & General Committee
PU
More news
Chart HANG SENG
Duration : Period :
Hang Seng Technical Analysis Chart | HSX | HK0000004322 | MarketScreener
Technical analysis trends HANG SENG
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Heatmap :