Stock Market Today: Dow, S&P Live Updates for Sep 28, 2020 - Bloomberg

Photographer: Dimas Ardian/Bloomberg

Stocks in Asia gained Monday along with U.S. and European equity-index futures as investors weighed further signs of recovery in China against more virus outbreaks in some parts of the world.

The dollar was steady against most G-10 peers Monday. S&P 500 futures ticked up after the gauge rose on Friday, while shares climbed in Tokyo and Hong Kong. The Aussie rose after Westpac Banking Corp.’s influential economist walked back his call for an interest-rate cut to November from October. Crude oil slipped. Treasuries were little changed.

Global equities remain on course for the first month of losses since March, amid mounting risks to the economic recovery from fresh coronavirus waves and stalling fiscal relief in the U.S. One of the brighter spots is China, where data over the weekend showed profits at industrial companies grew for a fourth consecutive month in August.

“The data augurs well for the China growth story,” said Stephen Innes, global markets strategist at AxiCorp.

President Donald Trump’s ban on TikTok was temporarily blocked by a federal judge, dealing a blow to the government in its showdown with the popular Chinese-owned app. The Trump administration has said the app is a threat to national security.

Democrats and Republicans will have to pick up the pace to complete a stimulus relief package before the Nov. 3 election after hitting an impasse in early August, with the sides far apart.

Meantime, investors were also digesting a New York Times report that President Trump paid just $750 in U.S. income taxes in both 2016 and 2017. Trump said the story is a “total fake.”

Here are some key events coming up:

• The final scheduled round of talks between the U.K. and EU on a post-Brexit trade deal takes place in Brussels on Monday.
• On Tuesday, the first U.S. presidential debate will take place between President Donald Trump and Democratic opponent Joe Biden.
• The EIA crude oil inventory report comes out Wednesday.
• The September U.S. employment report on Friday will be the last before the November election.

President Donald Trump answers questions about the New York Times article about his tax information for the last two decades.

Source: Bloomberg

These are the main moves in markets:

Stocks

• S&P 500 futures gained 0.3% as of 10:25 a.m. in Tokyo. The index rose 1.6% on Friday.
• Japan’s Topix index added 0.8%.
• Hong Kong’s Hang Seng rose 0.2%.
• Shanghai Composite advanced 0.2%.
• South Korea’s Kospi index climbed 1%.
• Australia’s S&P/ASX 200 Index rose 0.1%.
• Euro Stoxx 50 futures added 1.4%.

Currencies

• The Bloomberg Dollar Spot Index was little changed.
• The yen was at 105.50 per dollar.
• The euro bought $1.1625.
• The offshore yuan was at 6.8224 per dollar.
• The Aussie rose 0.3% to 70.49 U.S. cents.

Bonds

• The yield on 10-year Treasuries ticked up to 0.66%.
• Australia’s 10-year bond yield fell three basis points to 0.77%.

Commodities

• West Texas Intermediate crude dipped 0.5% to $40.06 a barrel.
• Gold was at $1,861.47 an ounce, little changed.

— With assistance by Yvonne Yue Li, and John Cheng

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Stock Market Today: Dow, S&P Live Updates for Sep 28, 2020 - Bloomberg
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