Authorization

US stocks set to open lower as investors brace for slew of big earnings after bubble jitters hit Asia

US stocks set to open lower as investors brace for slew of big earnings after bubble jitters hit Asia

Asian stocks tumbled overnight and US futures pointed to a lower start on Wall Street
Philip Fong/Getty Images




US stocks were set to open lower on Tuesday before some major Q4 earnings reports.




Asian stocks tumbled overnight due to fears over market bubbles and coronavirus.




The dollar and oil prices rose, while bonds and bitcoin fell.




Sign up here for our daily newsletter, 10 Things Before the Opening Bell.


US stocks were set to open slightly lower on Tuesday, after rising to fresh all-time highs as investors braced for a red-hot week of earnings, while Asian stocks tumbled overnight on concerns about asset bubbles and coronavirus.S&P 500 futures were down 0.19% on Tuesday morning, while Nasdaq futures were off by 0.31%. Dow Jones futures had slipped 0.07%. The dollar rose but bonds slipped.Asian stocks slid overnight as Chinese short-term borrowing costs hit pre-coronavirus levels thanks to the People's Bank of China draining liquidity from the financial system. European stocks opened higher after strong earnings from UBS.A PBOC official said the country should stop setting GDP targets as it could lead to more debt and "future financial risks," the South China Morning Post reported, adding to fears of a stock-market bubble.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Март 2021    »
ПнВтСрЧтПтСбВс
1234567
891011121314
15161718192021
22232425262728
293031