MSCI's broadest index of Asia-Pacific shares outside Japan was steady after two days of declines, but the mood was hardly bullish.
JPMorgan Chase & Co (NYSE: JPM) shares tumbled 0.3% to their lowest level since early July on reports that the company must pay about $ 1 billion in compensation to avoid prosecution for market manipulation.
Asia's stock markets struggled to emulate Wall Street's rebound on Wednesday as persistent worries about the global economic recovery kept investors cautious, while ebbing inflation expectations helped the USA dollar to a two-month high.
Investors are struggling to understand where to invest with mega-cap tech stocks trading well above their long-term fair value but the deep-value stocks represent maturing industries such as energy and brick-and-mortar banks, he said.
Tom Cruise is Heading to Space in October 2021 for New Movie
They will head to the International Space Station with the veteran NASA pilot Michael Lopez-Alegria at the helm. I still can't believe someone is actually paying to make this movie and jettison these two off into space.
Fed Chair Jerome Powell on Tuesday told a congressional panel that the economy had shown "marked improvement" since the pandemic drove it into recession, but the path ahead remains uncertain and the Fed will do more if needed.
Sharp rises in valuation tend to occur during early cycle recoveries and are also being driven by the Federal Reserve's easing programs, Jurrien Timmer, director of global macro in Fidelity's global asset allocation division, said in a recent commentary.
And hopes for another stimulus measure from Congress flagged as lawmakers focused on a fight over a Supreme Court nomination following the death of Justice Ruth Bader Ginsburg. Homebuilders surged following a report showing USA home sales jumped in August to their highest level since 2006.
US initial jobless claims are due Thursday.
The Dow and S&P 500 made more muted gains of 0.5% and 1% respectively.
Bears legend & Hall of Famer Gale Sayers dies aged 77
After another serious knee injury in the preseason of 1970, he played in only four more games and rushed for just 90 more yards. We will forever keep his legacy alive to serve as inspiration for future generations.
In the case of the S&P 500, Wednesday also represented the fourth trading session in the past five days that the index had either gained or lost 1.75%.
On Thursday, Amazon closed 0.7% higher after bouncing between gains and losses.
Tokyo ended 0.1 percent down as investors returned from an extended weekend break, while Hong Kong, Taipei, Singapore, Jakarta, Bangkok and Manila were also lower. France's CAC 40 fell 0.4 percent, and the FTSE 100 in London fell 0.4 percent. The offshore yuan retreated following a weaker-than-anticipated daily currency fixing. Australian stocks climbed, while the Australian dollar slipped with bond yields after a prominent economist projected the central bank will reduce interest rates next month.
Sterling was unchanged at 0.9195 per euro.
Coronavirus-Des zones d'alerte renforcée et maximale instaurées en France
Depuis ce mercredi soir, la métropole de Toulouse est classée en " zone d'alerte renforcée " par le ministère de la Santé. Le taux de positivité est de 9,9 % dans la capitale pour la semaine du 13 au 19 septembre, avoisinant le seuil d'alerte .