Asia Stocks Set for Modest Gains; Dollar Rises: Markets Wrap

Data points to weak business activity; Treasuries erase losses
U.S. stocks advance for third straight quarter; pound falls

Steven Wieting, Citi Private Bank chief investment strategist and chief economist, comments on U.S. stocks.(Source: Bloomberg)

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By Cormac Mullen

September 29, 2019 at 9:31 PM UTC

Updated on

September 30, 2019 at 10:21 PM UTC

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Asian stocks looked set for modest gains after U.S. stocks advanced as investors weighed the latest turns in the trade war between the world’s two largest economies. The dollar rose and Treasuries edged higher.

Futures pointed higher in Japan and were little changed in Australia. The S&P 500 on Monday capped a third month of gains out of the last four, rebounding from the August slide. Technologya fueled Monday’s rise after the Trump administration partially refuted a report it would target Chinese capital, reversing losses sparked by the news Friday. Ten-year Treasuries erased an early drop to trade higher, after data showed weakening business activity.