Asian Stocks Climb as Tech Rises; Dollar Steadies: Markets Wrap [Bloomberg Business News]
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Source: Bloomberg Business News
Benchmark 10-year Treasury yields holds just above 3% Facebook, Samsung earnings ease recent concern in tech sector Asian stocks rose alongside Nasdaq futures as positive earnings from technology heavyweights buoyed sentiment toward the sector that has been fragile of late. The dollar steadied close to its highest in three months, while Treasuries pared losses. South Korean shares led gains across the region after earnings at Samsung Electronics Co. topped estimates on booming exports of memory chips. Better-than-expected sales at Facebook Inc. lifted its shares in after-hours trading and gave a boost to U.S. stock futures. The euro edged higher ahead of Thursday’s European Central Bank rate decision. The 10-year U.S. Treasury yield dipped to 3.02 percent. Clearing the Hurdle U.S. stocks have historical pattern of moving higher along with interest rates Source: LPL Financial Aver
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