European and US stock futures advanced after the S&P 500 closed higher for the first time in four sessions, providing a moment of respite in one of the worst years for stocks and bonds in more than a decade. The picture in Asia was mixed with Japanese stocks falling, Australian shares rallying and Chinese benchmarks oscillating between gains and losses. The yen trimmed a fraction of its gains after the biggest one-day jump since 1998 on Tuesday, when it climbed almost 4% against the dollar on a surprise policy adjustment from the Bank of Japan. The impact of the BOJ’s surprise decision to let yields on 10-year government bonds trade up to 0.5%, from a previous ceiling of 0.25%, continues to reverberate. Ten-year Treasury yields rose slightly in Asia after jumping 10 basis points for the second consecutive session on Tuesday. The BOJ announced a bond buying operation Wednesday as the yield on 10-year debt approached the new upper limit, while the nation’s two-year yields rose above zero for the first time since 2015.
Traders are on guard for the prospect of Japanese institutions repatriating money held in overseas stocks and bonds. Japanese investors have more than $3 trillion in foreign equities and debt with roughly half in the US, according to data compiled by Bloomberg. Meanwhile, fresh data indicating a cool down in the US housing market in a year that’s been marked by quickly rising interest rates that have weighed on stocks and bonds. Global equities have fallen by a fifth in 2022, on pace for their worst year since 2008. A Bloomberg index of global bonds has tumbled by 16%, by far the largest decline on an annual basis since the benchmark began in 1990. Meanwhile, fresh data indicating a cool down in the US housing market in a year that’s been marked by quickly rising interest rates that have weighed on stocks and bonds. Global equities have fallen by a fifth in 2022, on pace for their worst year since 2008. A Bloomberg index of global bonds has tumbled by 16%, by far the largest decline on an annual basis since the benchmark began in 1990.
Nikkei -0.68% Hang Seng +0.21% CSI +0.04% Shanghai -0.17% Shenzen -0.47%
Eur$ 1.0628 CNH 6.9720 CNY 6096775 JPY 132.06 GBP 1.2175 CHF 0.9268 RUB 70.4455 TRY 18.6631 WTI$ 76.07 -0.21% Gold 1,815 -0.15% BTC 16,835 -0.28% ETH 1,210 -0.35%
S&P +0.50% Nasdaq +0.52% EuroStoxx +0.68% FTSE +0.33% Dax +0.77% SMI +0.33%
Macro :
- FTX Claims Lure Some Big Players in Distressed Market
Macro :
- FTX Claims Lure Some Big Players in Distressed Market
- Wall Street Strategists Say 2023 Equity Recovery Won’t Be Easy
Keep an eye on :
Keep an eye on :
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