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Stock Futures Rise on Fed-Cut Bets; Dollar Steady: Markets Wrap

Stock Futures Rise on Fed-Cut Bets; Dollar Steady: Markets Wrap(Bloomberg) -- U.S. and European futures climbed on investor optimism about the potential for a more aggressive policy move by the Federal Reserve later this month. The yen weakened.Stocks in Asia rose as bets for a 50 basis point cut mounted after New York Fed President John Williams spoke of the need for half-point swift action when rates are already low. Treasury yields came off their lows after the New York Fed said that Williams wasnt sending a specific policy signal. That didnt stop futures on the S&P 500 Index from building on the late-afternoon gains on Wall Street. In Japan, benchmarks climbed about 2%, with gains of roughly 1% in Hong Kong and China. Oil was around $56 a barrel in New York.Fed Vice Chairman Richard Clarida earlier had stressed the need to act quickly if the U.S. economy looked likely to stumble. Clarida told Fox Business Network that policy makers shouldnt wait for the economy to turn down to act.Not everyone is convinced the cheer about Fed easing will last.I dont think a few rates cuts is going to make the difference, whether its 25 or 50 basis points at the end of this month, Jeffrey Kleintop, chief global investment strategist at Charles Schwab & Co., told Bloomberg TV from Boston. While the bond market is pricing in a realistic probability of the slowdown, stocks have gone the other direction this year and may be in for a surprise.Meantime, oil remains on course for biggest weekly decline since May, despite some solid economic data from the U.S. and China in recent days.These are the main moves in markets:StocksFutures on the S&P 500 rose 0.3% as of 7:20 a.m. in London. The underlying gauge rose 0.4% Thursday.Euro Stoxx 50 futures advanced 0.4%. Japans Topix index added 1.9% at the close.Hong Kongs Hang Seng advanced 1.1%.CurrenciesThe yen dipped 0.3% to 107.60 per dollar.The offshore yuan was at 6.8762 per dollar.The euro bought $1.1260, down 0.2%.BondsThe yield on two-year Treasuries rose about three basis points, to 1.79%. Ten-year yields ticked up to 2.04%.Australias 10-year yield was at 1.34%.CommoditiesWest Texas Intermediate crude added 0.9% to $55.81 a barrel.Gold slid 0.3% to $1,441.88 an ounce.To contact the reporter on this story: Adam Haigh in Sydney at ahaigh1@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Ravil ShirodkarFor more articles like this, please visit us at bloomberg.com2019 Bloomberg L.P.

Fri, 19 Jul 2019 02:30:57 -0400
Is Takbo Group Holdings Limited (HKG:8436) Potentially Underrated?

Is Takbo Group Holdings Limited (HKG:8436) Potentially Underrated?As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I...

Fri, 19 Jul 2019 02:28:08 -0400
Some HangKan Group (HKG:8331) Shareholders Have Taken A Painful 85% Share Price Drop

Some HangKan Group (HKG:8331) Shareholders Have Taken A Painful 85% Share Price DropAs an investor, mistakes are inevitable. But you want to avoid the really big losses like the plague. So consider, for...

Fri, 19 Jul 2019 02:26:17 -0400
What Kind Of Shareholder Appears On The Urja Global Limited's (NSE:URJAGLOBA) Shareholder Register?

What Kind Of Shareholder Appears On The Urja Global Limited's (NSE:URJAGLOBA) Shareholder Register?If you want to know who really controls Urja Global Limited (NSE:URJAGLOBA), then you'll have to look at the makeup of...

Fri, 19 Jul 2019 02:25:04 -0400
Should You Be Excited About HongGuang Lighting Holdings Company Limited's (HKG:8343) 14% Return On Equity?

Should You Be Excited About HongGuang Lighting Holdings Company Limited's (HKG:8343) 14% Return On Equity?While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

Fri, 19 Jul 2019 02:24:40 -0400
Do Insiders Own Shares In Modern Living Investments Holdings Limited (HKG:8426)?

Do Insiders Own Shares In Modern Living Investments Holdings Limited (HKG:8426)?A look at the shareholders of Modern Living Investments Holdings Limited (HKG:8426) can tell us which group is most...

Fri, 19 Jul 2019 02:20:28 -0400
How Much Are SDM Group Holdings Limited (HKG:8363) Insiders Spending On Buying Shares?

How Much Are SDM Group Holdings Limited (HKG:8363) Insiders Spending On Buying Shares?It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...

Fri, 19 Jul 2019 02:18:58 -0400
If You Had Bought Creative China Holdings (HKG:8368) Stock Three Years Ago, You'd Be Sitting On A 99% Loss, Today

If You Had Bought Creative China Holdings (HKG:8368) Stock Three Years Ago, You'd Be Sitting On A 99% Loss, TodayAs every investor would know, not every swing hits the sweet spot. But you want to avoid the really big losses like...

Fri, 19 Jul 2019 02:17:03 -0400
Read This Before Judging Virbac SA's (EPA:VIRP) ROE

Read This Before Judging Virbac SA's (EPA:VIRP) ROEOne of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

Fri, 19 Jul 2019 02:15:13 -0400
Boasting A 22% Return On Equity, Is AV Promotions Holdings Limited (HKG:8419) A Top Quality Stock?

Boasting A 22% Return On Equity, Is AV Promotions Holdings Limited (HKG:8419) A Top Quality Stock?While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

Fri, 19 Jul 2019 02:13:03 -0400
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