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Stocks and dollar gain as Fed ‘soft landing’ – Sep 19

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Today’s Market News

Key developments on Thursday:

  • Taiwan inflation (March)
  • Japan consumer confidence (March)
  • Australia consumer confidence (April)

Fixed income

Ten-year Treasury yields have climbed nearly eight basis points from a day earlier to 3.719%,

Equities

MSCI’s broadest of APAC ex japan was down 0.4% in early trade, pressured as South Korean markets (.KS11), opens new tab returned from holidays with heavy falls in the chipmaking sector following a downbeat Morgan Stanley note.
Hang Seng rose slightly while China CSI300 fell 0.4%.

Forex

USD immediately hit a two-and-a-half-year low on sterling, but then recoiled sharply, was up nearly 1% to 143.55 yen early on Thursday and well off lows on the euro at $1.1081.

Commodities

gold shot to a record high just shy of $2,600 an ounce, before easing back to steady at $2,559.

Oil prices fell and benchmark Brent crude futures were last down 0.3% at $73.42 a barrel.

Index Last Change % Change
trading lower

41,606.18 -15.90 0.04%Negative
trading higher

17,628.06 +35.93 0.20%Positive
trading higher

5,634.58 +1.49 0.03%Positive
Index Last Change % Change
trading higher

37,279.76 +899.59 2.47%Positive
trading lower

17,659.57 -0.45 0.00%Negative
trading lower

82,948.23 -131.43 0.16%Negative

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

For more news visit Reuters.com