In April, nearly 58 per cent of property buyers were looking for apartments while 42 per cent searched for villas or townhouses
Asia share markets were cautious on Tuesday after US markets weakened as investors anticipated the start of corporate earnings seasons and the release of key inflation data to indicate how the global recovery from the pandemic will emerge.
MSCI’s broadest index of Asia-Pacific shares outside Japan was trading less than 0.1 per cent higher early Tuesday.
In Australia, the S&P/ASX200 gained 10 points to 6983.90 early in the session while Japan’s Nikkei rose 0.9 per cent. Tech stocks drove the gain in Australian stocks while the country’s major miners showed signs of weakness.
Hong Kong’s Hang Seng Index added 0.6 per cent in early trade while the mainland bluechip index CSI300 edged up 0.3 per centahead of March trade figures due to be published Tuesday.
South Korea’s KOSPI 200 Index was 0.5 per cent higher.
“Volatility has come off in US markets as we see it trading flat ahead of reporting season,” said James Rosenberg, a Baillieu Holst advisor in Sydney.
“With markets at broadly record levels there’s expectations it’ll be very strong and that certainly does not leave much room for disappointment.”
In the United States, the Dow Jones Industrial Average fell 55.2 points, or 0.16 per cent, to 33,745.4, the S&P 500 lost 0.81 points, or 0.02 per cent, to 4,127.99 and the Nasdaq Composite dropped 50.19 points, or 0.36 per cent, to 13,850.00.
Boston Federal Reserve Bank President Eric Rosengren said Monday the US economy could see a significant rebound this year due to looser money and fiscal policy but the country’s job market still faced weakness.
He said with inflation still below the central bank’s 2 per cent target rate the current “highly accommodative” monetary policy stance remained appropriate.
US inflation data for March is due to be published Tuesday.
The benchmark 10-year yield was at 1.6782 per cent, holding below a 14-month high of 1.776 per cent reached on March 30. It traded between a range of 1.6835 per cent and 1.6427 per cent during the US session.
In April, nearly 58 per cent of property buyers were looking for apartments while 42 per cent searched for villas or townhouses
Crossing a red signal is a serious traffic offence punishable by a hefty Dh1,000 fine, 12 black points, and 30-day vehicle impoundment
Becomes the first player to win four individual titles on the Saudi Arabia-backed tour as Ripper GC win Team Event
Madrid now can turn their attention to a La Liga-Champions League double as they get ready to host Bayern Munich in the semifinal return leg
The Spaniard produced a flawless display and back-to-back birdies from the 16th saw him win by one shot from in-form Sebastian Söderberg
The country's transition from winter to summer is typically marked by fluctuating weather conditions, expert explains
The Japanese-owned galloper, who was looking to win a third colt's Classic, was beaten a close third in an absolute classic won by Mystik Dan
The results for both class 10 and class 12 are expected to be declared on the same day