Asian Stocks Set to Rise as Oil Drops Nearly 3% on US-Iran Peace Talk Optimism
Updated
Updated · Bloomberg · Jun 22
Asian Stocks Set to Rise as Oil Drops Nearly 3% on US-Iran Peace Talk Optimism
3 articles · Updated · Bloomberg · Jun 22
Summary
Equity futures signaled gains in Sydney, Hong Kong and Tokyo after crude retreated, setting up a firmer Asian open despite weak US cash trading.
US oil steadied in early Asia after sliding almost 3% on Monday, with sentiment lifted by optimism that US-Iran peace talks are making progress.
Wall Street remained soft in the background: S&P 500 futures were little changed after Alphabet led losses among US megacaps.
Treasuries fell, the yen weakened toward its lowest level since 1986, and SpaceX shares dropped 16% after the company said it is selling investment-grade bonds.