Asia stocks steady, dollar firm as investors consider higher rate outlook

<html xmlns=""><head><title>GLOBAL MARKETS-Asia stocks steady, dollar firm as investors consider higher rate outlook</title></head><body>

By Scott Murdoch

SYDNEY, Feb 7 (Reuters) -Asian share markets mostly stabilised on Tuesday after steep losses in the past 24 hours, while the U.S dollar remained elevated as investors considered the prospects for interest rates to remain higher for longer in many developed economies.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.4%, after U.S. stocks ended the previous session with mild losses.

Australia's S&P/ASX200 .AXJO was trading higher ahead of the Reserve Bank's decision but slid into negative territory after the official cash rate was raised by 25 basis points. The benchmark index closed down nearly 0.5%.

Japan's Nikkei stock index .N225 also erased initial gains to ease about 0.1%.

Hong Kong's Hang Seng Index .HSI was trading 0.67% higher and China's bluechip CSI300 Index .CSI300 was up 0.07%.

The RBA delivered on expectations to extend its monetary tightening campaign as it ordered a ninth consecutive rate rise.

Australia's cash rate now stands at 3.35%, the highest in a decade, and the central bank indicated more hikes could not be ruled out.

In early European trades, the pan-region Euro Stoxx 50 futures STXEc1 were up 0.17% at 4,218, German DAX futures FDXc1 were up 0.09% at 15,409, FTSE futures FFIc1 were up 0.09% at 7,815.

U.S. stock futures, the S&P 500 e-minis ESc1, were up 0.13% at 4,128.8.

"Sentiment in markets is dominated by central banks and the repricing of rates yet again," Kerry Craig, JPMorgan Asset Management's global market strategist, told Reuters.

"Equities have had a strong run since the start of the year so seeing an air pocket emerge now is no major surprise.

"It's a quiet week for economic data globally and when that is the case uncertainty over interest rates is the dominant theme among investors."

In the Asian trading session, the yield on benchmark 10-year Treasury notes US10YT=RR hit 3.6192% compared with its U.S. close of 3.632% on Monday.

The two-year yield US2YT=RR, which rises with traders' expectations of higher Fed fund rates, touched 4.4267% compared with a U.S. close of 4.456%.

The repricing of higher rates began after strong U.S jobs growth in January, with employment rising 517,000, more than double economists expectations. The unemployment rate hit 3.4%, the lowest in more than 53 years.

Investors will be closely watching a speech by Federal Reserve Chairman Jerome Powell at the Economic Club of Washington later on Tuesday.

Overnight on Wall Street, the Dow Jones Industrial Average .DJI fell 0.1%, the S&P 500 .SPX lost 0.61% and the Nasdaq Composite .IXIC dropped 1%.

"The market has repriced to expect that the Fed Funds rate will peak just above 5% and it now only anticipates very limited rate cuts, just one of 25 basis points by the end of this year," ANZ economists wrote.

"It's very clear that sentiment is fragile and data dependent, and this new defensive posture may have further to run near term as risk positions are scaled back."

The dollar eased 0.28% against the yen to 132.28 JPY=, after touching a three-week high of 132.9 during the U.S trading session.

The European single currency EUR= was up 0.1% on the day at $1.0739, having lost 1.13% in a month.

The dollar index =USD, which tracks the greenback against a basket of major trading partner currencies, was down marginally at 103.45 from its U.S. trading levels. However, it remains well above its recent low of 101.55 on Feb 3.

U.S. crude CLc1 ticked up 0.86% to $74.75 a barrel. Brent crude LCOc1 rose to $81.6 per barrel.

Gold was slightly higher. Spot gold XAU= was traded at $1873.65 per ounce. GOL/

World FX rates YTD

Global asset performance

Asian stock markets

Editing by Shri Navaratnam & Simon Cameron-Moore

To read Reuters Markets and Finance news, click on For the state of play of Asian stock markets please click on: 0#.INDEXA

Descargo de responsabilidades: Cada una de las entidades de XM Group proporciona un servicio de solo ejecución y acceso a nuestra plataforma de trading online, permitiendo a una persona ver o usar el contenido disponible en o a través del sitio web, sin intención de cambiarlo ni ampliarlo. Dicho acceso y uso están sujetos en todo momento a: (i) Términos y Condiciones; (ii) Advertencias de riesgo; y (iii) Descargo completo de responsabilidades. Por lo tanto, dicho contenido se proporciona exclusivamente como información general. En particular, por favor tenga en cuenta que, los contenidos de nuestra plataforma de trading online no son ni solicitud ni una oferta para entrar a realizar transacciones en los mercados financieros. Operar en cualquier mercado financiero implica un nivel de riesgo significativo para su capital.

Todo el material publicado en nuestra plataforma de trading online tiene únicamente fines educativos/informativos y no contiene –y no debe considerarse que contenga– asesoramiento ni recomendaciones financieras, tributarias o de inversión, ni un registro de nuestros precios de trading, ni una oferta ni solicitud de transacción con instrumentos financieros ni promociones financieras no solicitadas.

Cualquier contenido de terceros, así como el contenido preparado por XM, como por ejemplo opiniones, noticias, investigaciones, análisis, precios, otras informaciones o enlaces a sitios de terceros que figuran en este sitio web se proporcionan “tal cual”, como comentarios generales del mercado y no constituyen un asesoramiento en materia de inversión. En la medida en que cualquier contenido se interprete como investigación de inversión, usted debe tener en cuenta y aceptar que dicho contenido no fue concebido ni elaborado de acuerdo con los requisitos legales diseñados para promover la independencia en materia de investigación de inversiones y, por tanto, se considera como una comunicación comercial en virtud de las leyes y regulaciones pertinentes. Por favor, asegúrese de haber leído y comprendido nuestro Aviso sobre investigación de inversión no independiente y advertencia de riesgo en relación con la información anterior, al que se puede acceder aquí.

Utilizamos cookies para ofrecerle una mejor experiencia en nuestra web. Conozca más o cambie sus ajustes de cookies.

Advertencia de riesgo: Los CFD son un producto difícil de comprender y la CNMV cree que no es adecuado para inversores minoristas dada su complejidad y riesgo. Por favor, lea y asegúrese de que comprende completamente nuestra Declaración de riesgos.