(Bloomberg) -- Asian shares opened mixed Monday and U.S. equity futures dipped after stocks ended the week at all-time highs, with investors focusing on the economic recovery and upcoming earnings.Japan’s benchmark edged lower, while Australia and South Korea were in the green after the S&P 500 Index capped its fourth straight weekly advance. Treasury yields steadied well below recent peaks in U.S. trade. Crude oil slipped and the dollar steadied from a week of losses.Bitcoin tumbled the most since February over the weekend, after reaching a record last week as crypto exchange Coinbase Global Inc. went public.Asian credit markets may get some respite from a rebound in China Huarong Asset Management Co. bonds. China’s financial regulator said the bad-debt manager had ample liquidity, its first official comments since the company delivered a jolt by missing a deadline to report earnings.Robust data from China and the U.S. have buoyed investor sentiment, pushing the MSCI All-Country World Index to another record despite concerns surrounding the spread of Covid-19 variants. The risk of another destabilizing increase in borrowing costs has also subsided, as bond yields have pulled back from recent highs. This week traders will look for further confirmation of the private sector’s recovery from the pandemic as the earnings season gathers pace.“At the global level you have both China and the U.S. growing fast. That’s driving markets across the globe,” Nasser Al-Saidi, Nasser Saidi & Associates president and founder, said on Bloomberg TV. The simultaneous rally in stocks and bonds is temporary, he said, but it suggests confidence in continued central bank support and “no fear of rapid inflation ramping up.”The European Central Bank rate decision later in the week will also draw attention. The ECB is likely to keep policy unchanged, and to sound cautiously optimistic on the economy and stabilization in borrowing rates. It’s probably too soon for further details about the plans for the asset purchase program beyond the second quarter.Meanwhile, traders are also monitoring growing tensions between the U.S. and Russia over jailed opposition leader Alexey Navalny.Here are some key events to watch this week:Apple’s first product unveiling of the year on Tuesday.Reserve Bank of Australia releases minutes of its policy meeting on Tuesday.EIA crude oil inventory report on Wednesday.European Central Bank rate decision and President Christine Lagarde briefing on Thursday.U.S. releases manufacturing and services purchasing managers indexes Friday.These are some of the main moves in financial markets:StocksS&P 500 futures fell 0.3% as of 9:17 a.m. in Tokyo. The S&P 500 Index climbed 0.4%.Topix index fell 0.2%.Australia’s S&P/ASX 200 Index rose 0.2%.Kospi index rose 0.1%.CurrenciesThe yen was at 108.72 per dollar, up 0.1%.The Bloomberg Dollar Spot Index rose 0.1%.The euro traded at $1.1968, down 0.1%.The offshore yuan was at 6.5276 per dollar.BondsThe yield on 10-year Treasuries fell two basis points to 1.56%.The yield on Australia’s 10-year bond was steady at 1.73%.CommoditiesWest Texas Intermediate crude lost 0.5% to $62.82 a barrel.Gold was at $1,778.41 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
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