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