Key developments on Tuesday: |
|
Fixed Income
10-year U.S. Treasury yield held above 4% in early Asia trade, as a robust U.S. labour market prompted traders to heavily scale back their expectations for Federal Reserve rate cuts.
Equities
MSCI’s broadest index of APAC ex-Japan ell 0.05%, Nikkei (.N225), opens new tab opened 0.79% lower.
Hang Seng China Enterprises index up 11% in catch-up rally for the mainland.
Before the break, China announced its most aggressive stimulus measures since the pandemic, sent CSI300 soaring 25% over five sessions and global share markets rallying.
Forex
DXY eased 0.02% to 102.44, though it hovered near a seven-week high hit on Friday, having already had a strong run last week due to Middle East conflict.
Commodities
Brent crude futures surging above $80 a barrel for the first time in over a month in the previous session.
U.S. crude futures rose 0.14% to $77.25 a barrel.
XAU little changed at $2,643.33 an ounce.
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading lower
|
41,954.24 | -398.51 | 0.94%Negative |
|
trading lower
Nasdaq Composite Index
.IXIC |
17,923.90 | -213.94 | 1.18%Negative |
|
trading lower
S&P 500 Index
.SPX |
5,695.94 | -55.13 | 0.96%Negative |
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading lower
Nikkei Index
.N225 |
39,062.97 | -269.77 | 0.69%Negative |
|
unchanged
Hang Seng Index
.HSI |
23,099.78 | — | — |
|
trading lower
S&P BSE SENSEX Index
.BSESN |
81,050.00 | -638.45 | 0.78%Negative |
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