Key developments on Thursday: |
|
Fixed Income
2-year yields held at 3.8692%, having slipped 4 basis points overnight, 10-year yields were little changed at 3.8368%.
Equities
MSCI’s broadest of APAC ex-Japan fell 0.6% as tech stocks dragged. Nikkei eased 0.4% while KOSPI dropped 0.7%.
Nvidia’s chip contractor TSMC (2330.TW), opens new tab slid 2.4% when shares opened, dragging the broader Taiwanese market (.TWII), opens new tab 1.3% down.
China’s CSI 300 fell 0.4% for a 4th straight day as disappointing results from Chinese companies highlighted country’s frail economic recovery.
Forex
USD steadied above more than one-year lows.
EUR held at $1.113, having dropped 0.6% overnight and failed to break major resistance at $1.12.
Commodities
Gold prices were up 0.4% at $2,512.89 an ounce, just a touch below its record of $2,531.6.
Oil edged higher with concerns about demand from China and the U.S. countered supply disruptions out of Libya.
Brent rose 0.1% to $78.75 a barrel, having fallen more than 3% in the past two days, WTI crude futures gained 0.2% to $74.69.
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading lower
|
41,091.42 | -159.08 | 0.39%Negative |
|
trading lower
Nasdaq Composite Index
.IXIC |
17,556.03 | -198.79 | 1.12%Negative |
|
trading lower
S&P 500 Index
.SPX |
5,592.18 | -33.62 | 0.60%Negative |
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