Asia Set for Cautious Open as US Hits Fresh Record: Markets Wrap

-- Asia stocks look set for a muted open after the S&P 500 crept to another record ahead of results from giant chipmaker Nvidia Corp. that traders see as a gauge for the sustainability of the bull market.Futures for equity benchmarks in Australia and Hong Kong pointed to small gains, with Japan set to open slightly lower, after the MSCI Asia Pacific Index snapped seven days of advances on Tuesday.

Trading in Asia will likely be quieter with Singapore closed for a holiday. Gold, silver and copper consolidated near recent highs, while oil slipped after an industry report showed a jump in stockpiles. Central banks in New Zealand and South Korea are set to hold rates steady at meetings on Wednesday and Thursday.Stock investors are bracing for a spike in volatility, and upcoming events such as Nvidia’s earnings report can exacerbate any moves, according to Goldman Sachs Group Inc. strategists.

For Morgan Stanley’s Andrew Slimmon, there’s still plenty of room for the market to extend its gains from all-time highs. High Arctic Announces Toronto Stock Exchange Conditional Approval of Listing of High Arctic Shares to be Issued under the Plan of Arrangement

Source: News Formal (newsformal.com)

MSCI Asia Pacific Index Christopher Waller Nasdaq 100 Nvidia Earnings Report Sustainability

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