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Asia shares track Wall Street higher, Treasury yields languish near lows – Feb 6 2025

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Index Last Change % Change
trading higher

44,873.28 +317.24 0.71%Positive
trading higher

19,692.33 +38.32 0.19%Positive
trading higher

6,061.48 +23.60 0.39%Positive
Index Last Change % Change
trading higher

38,888.04 +56.56 0.15%Positive
trading higher

20,638.74 +41.65 0.20%Positive
unchanged

78,271.28

Source: LSEG, opens new tab – data delayed by at least 15 minutes

Fixed Income

U.S. Treasury yields hovering near lowest in over a month on Thursday, as investors pondered rates outlook.
US 10-year Treasury yield little changed at 4.4201%, while 2-year yield edged slightly higher to 4.1889%.

Equities

Asia shares rose tracking Wall Street gains.
China’s CSI300 reversed early losses to trade slightly higher,  (.SSEC),  gained 0.13%.
MSCI’s broadest of APAC ex-Japan (.MIAPJ0000PUS),advanced 0.28%, Nikkei tacked on 0.28%.
Tech-heavy Nasdaq’s nominal gain held in check by disappointing earnings from (GOOGL.O),  which fueled doubts about the payoff of investments in artificial intelligence.

Forex

DXY near its lowest in over a week at 107.61.
JPY rose 0.3% to 152.11 helped by expectation of BOJ raise short-term interest rates to at least 1% in 2025 to contain inflation risks.

Commodities

Oil rose steadying from a sell-off the previous day after Saudi Arabia’s state oil company sharply raised March oil prices.
U.S. crude 0.32% higher to $71.27, Brent rose 0.23% to $74.78.
Gold resumed rally to near a record peak, last at $2,869.62.
For more news visit Reuters.com