Morning Bid: Tech becalmed, April PMIs start rolling in [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
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Source: Yahoo! Finance
Asian stocks should have a spring in their step on Tuesday after a positive start to the week locally and globally on Monday, supported by a recovery in tech shares, calm in fixed income markets, and a cooling in geopolitical tensions. Tuesday's economic calendar is pretty full, with purchasing managers index reports from Japan, Australia and India, consumer inflation from Singapore and Hong Kong, producer inflation from South Korea and industrial production from Taiwan all on deck. Currency traders remain on high alert for yen intervention with the dollar getting closer to 155.00 yen, although there is a question whether Tokyo will act so close to the Bank of Japan's two-day policy meeting that starts on Thursday. China's yuan remains on the defensive too, slipping to a five-month low against the dollar on Monday. Overall sentiment is fairly buoyant after the S&P 500 and Nasdaq rebounded on Monday, as tech clawed back some of last week's losses and Middle East tensions coole
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