Asia equities cautious ahead of US bank earnings week
Asian stock markets today were mixed, with Seoul down 1.1% and the regional index barely moved, while Brent eased to $103.50 after Gulf strikes.
Shares in Seoul fell 1.1 percent on Monday, while MSCI’s Asia-Pacific measure excluding Japan barely moved, Business Recorder reported.
Brent dropped 1.1 percent and was quoted at $103.50 per barrel, under a recent high of $109.97; US crude was at $90.73 after attacks hit Gulf ships and airports.
Tokyo was shut and US business was light before company results, with major American banks scheduled to report from Tuesday.
LSEG IBES looks for third-quarter S&P 500 profits to rise over 30 percent, with technology providing most of the increase.
Futures pricing puts an 18 percent probability on a US Federal Reserve increase during this month and 85 percent on December.