US Stock Futures Advance, Yen Rises on Inflation: Markets Wrap
Published On Nov 29, 2024, 1:59 AM
US stock futures have shown positive movement, rising while Treasury yields fell and the yen strengthened due to better-than-expected inflation data from Tokyo. Investors are optimistic as equity futures gained following a record high for American stocks, although trading activity is typically lower during this Thanksgiving holiday week. Notably, shares in China saw increases amid expectations for more government support for the economy, while healthcare stocks in China also benefited from favorable drug reimbursement outcomes. Currencies such as the Japanese yen and Australian dollar have strengthened, while there is increased speculation on potential interest rate hikes by the Bank of Japan as inflation concerns rise.