Stocks had a mixed trading. Dollar is steady

Stocks in Asia traded mixed today, with many markets closed for the Lunar New Year. The dollar edged lower and Treasury yields stabilized after gains.

Australian shares had the biggest climb in more than two years after the results of a inquiry into misconduct in the financial services sector were not as bad as it had been anticipated. Japanese stocks were little changed and U.S. futures edged lower during the Asian trading. European futures suggested the markets will probably open higher. The Australian dollar rebounded after the central bank decided to leave interest rates unchanged.

Earlier, the S&P 500 Index closed at a two-month high on lower than average volume and the Nasdaq climbed as technology shares advanced.

Markets in Hong Kong and China were shut for the Year of the Pig celebrations, keeping volumes subdued after a relatively busy week.

Source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.

 Trader Georgi Bozhidarov

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance