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Asia stocks rally on Fed cut bets – Dec 12

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Index Last Change % Change
trading lower

44,148.56 -99.27 0.22%Negative
trading higher

20,034.89 +347.65 1.77%Positive
trading higher

6,084.19 +49.28 0.82%Positive
Index Last Change % Change
trading higher

39,933.50 +561.27 1.43%Positive
trading higher

20,451.25 +296.20 1.47%Positive
trading lower

81,522.33 -3.81 0.00%Negative

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

Fixed Income

U.S. 10-year Treasury yields rose on Thursday to 4.2828%, highest since Nov. 27.

Equities

Asian stocks gained tracking Wall Street’s tech-led rally overnight after an as-expected reading of U.S. consumer inflation cemented bets for rate cut next week. U.S. CPI rose 0.3% last month, largest gain since April, as forecast.

Nikkei topped 40,000 1st time since mid-October, led by advances in chip-sector shares.

KOSPI added 0.7%, Hang Seng advanced 0.4%, China’s (.CSI300), 0.2% higher.

Forex

DXY little changed at 106.51 after 106.81 on Wednesday for 1st time since Nov. 27.
EUR up 0.1% to $1.05065 after dipping to 1-week trough overnight.
JPY at 152.11.

Commodities

Gold at 1-month high amid promise of lower bond yields as Fed ease policy, $2,725.79 for 1st time since Nov. 6 before pulling back to $2,710.45.
U.S. crude last traded at $70.20, down 9 cents from Wednesday.
Brent eased 3 cents to $73.49.

 

For more news visit Reuters.com