Treasuries extended gains, while Asian stocks climbed after the Federal Reserve struck a dovish tone in its latest policy statement. The dollar weakened against all major peers and gold climbed to its highest level since 2013.
The 10-year Treasury yield dropped below 2% to its lowest since November 2016. Stocks surged in China ahead of FTSE Russell index changes next week and saw more modest gains in Tokyo, Hong Kong and South Korea. U.S. and European futures rose. Earlier, the S&P 500 Index edged higher as the Fed indicated an increased readiness to cut interest rates. The yen maintained gains after the Bank of Japan kept monetary policy unchanged.
US After Hours SCS -10%, AOBC +6%, ORCL +4.6% following earnings/guidance
Nikkei +0.59% Hang Seng +0.83% CSI +2.65% Shanghai +2.04% Shenzen +1.59%
Eur$ 1.1283 CNH 6.8634 CNY 6.8616 JPY 107.50 GBP 1.2706 CHF 0.9883 RUB 63.5459 TRY 5.7854 WTI$ 54.61 +1.58%
S&P +0.44% EuroStoxx +0.40% Dax +0.36% SMI +0.50%
Macro :
- Powell Opens Door to July Rate Cut Amid Trumpian Uncertainty
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