Futures for European Stocks Rise as Gold and Dollar Gain – Asia Market Wrap

European market futures gained alongside Asian stocks, as investors dismissed initial concerns about Nvidia’s sales outlook. The Dollar was poised for its sixth consecutive weekly rise.

Euro Stoxx 50 futures rose 0.2%, while US contracts showed no change. MSCI’s Asian equities benchmark remained flat, with the technology sector outperforming. US 10-year Treasury yields fell.

Shares in Hong Kong and China sank, extending losses throughout the afternoon, as concerns about the country’s economic outlook remained despite the looming threat of tougher tariffs on US exports under Trump. On Thursday, an index of US-listed Chinese companies fell 1%. The Yen fell, wiping off gains from earlier in the session on inflation data that remained above the central bank’s target as predicted.

Asian markets are on track for their first back-to-back monthly losses this year, thanks to a strong Dollar and lingering concerns about the Chinese economy. Nonetheless, the region’s more favourable values compared to the US market are assisting in the recovery of various assets as US bond yields rise.

The Dollar surged, putting pressure on most Asian currencies. The Dollar index has risen more than 2% this month, following a roughly 3% increase last month, amid rising geopolitical fears in Europe. It’s on track for its eighth consecutive weekly rise, the longest streak in roughly 14 months.