Stock exchange today: live updates Dow, S&P for April 13, 2021

Chinese stocks are shrinking as optimistic data deepens liquidity issues

Photographer: Qilai Shen / Bloomberg

Asian equities rose on Tuesday, with US equities hovering around record highs as investors watched the start of the corporate earnings season and relatively good public debt sales.

Shares rose in Hong Kong and Japan and fluctuated in China. US equity contracts were steady after a slight decline in the S&P 500 after three consecutive weeks of gains. Technical actions have weakened, led by Intel Corp. Nvidia Corp. entered its microprocessors market.

Bond yields rose only slightly after U.S. Treasury auctions for three- and 10-year banknotes attracted decent demand. The government is offering 30-year bonds on Tuesday.

US stock benchmarks are already at the forefront of the year-end strategy

A positive outlook for US growth should help corporate gains, although equities appear precarious at these record highs, given increases in the Covid-19 and vaccine launches in parts of the world. The potential for sharper increases in inflation and borrowing costs is also the most important, with investors focusing on US consumer price data and the strength of demand for the rest of the Treasury bond auction.

“The real test will be when inflation starts to rise further,” said Priya Misra, global head of rate strategy at Bloomberg TV’s TD Securities. “Then the rates will have to be repeated – either for a faster exit from the Fed or for a later exit, but for a faster path.”

Elsewhere, President Joe Biden told companies that they are fighting for a highly constrained global semiconductor supply. bipartisan support for government funding to address a shortage that has caught the attention of carmakers around the world. Treasury Secretary Janet Yellen will do just that refuses to name China as a currency manipulator in its first half-yearly foreign exchange report, according to people familiar with the matter, allowing the US to avoid a new conflict with Beijing.

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