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Stocks decline, US bond yields rise; investors assess US rate outlook – Sep 26

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Fixed Income

U.S. 10-year yields last traded up 4.9 basis points at 3.784% . Since the Sept. 18 rate cut, 10-year yields have risen about 3 bps.

Equities

MSCI’s gauge of stocks across the globe (.MIWD00000PUS), opens new tab fell 0.95 points, or 0.11%, to 843.61. The STOXX 600 (.STOXX), opens new tab index fell 0.11%

Hang Seng is up 15% in just two weeks – and the MSCI Asia ex-Japan index is its highest since February 2022.

Forex

DXY gained 1.03% to 144.68 Japanese yen and reached 144.75, the highest since Sept. 3.
USD last up 0.33% at 7.033 yuan in offshore trading, yuan earlier reached 6.9952, the strongest since May 2023.

Commodities

Oil prices declined as supply disruptions concerns in Libya eased. U.S. crude fell $1.87 to settle at $69.69 a barrel and Brent fell to $73.46 per barrel, down $1.71 on the day.
Gold rose to a record high as expectations for another big rate cut by the Fed helped bullion’s rally. XAU hitting an all-time high of $2,670.43 this week.
Index Last Change % Change
trading lower

41,914.75 -293.47 0.70%Negative
trading higher

18,082.21 +7.68 0.04%Positive
trading lower

5,722.26 -10.67 0.19%Negative
Index Last Change % Change
trading higher

38,747.87 +877.61 2.32%Positive
trading higher

19,357.08 +227.98 1.19%Positive
trading higher

85,169.87 +255.83 0.30%Positive

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

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