Thursday’s trading in Asia brought a relief rally as dovish hints from the U.S. Federal Reserve helped calm markets rattled by heavy bond sell-offs and global growth concerns.

Australia’s benchmark gained 0.8%, recovering from its steepest drop since April, while Japan’s Nikkei 225 advanced 1.2%.

The broader regional picture was mixed – the MSCI Asia-Pacific ex-Japan index slipped 0.2%, weighed down by China. The Shanghai Composite fell 1.6%, heading for a third straight decline after reports that regulators plan new measures to cool the market. Still, most Asian benchmarks followed Wall Street’s tech rebound, with the Nasdaq and S&P 500 finishing higher.

Europe Eyes Softer Open

Futures point to modest gains: UK’s FTSE +0.16%, France’s CAC 40 +0.1%, Italy’s FTSE MIB +0.15%, while Germany’s DAX remains nearly flat. EU retail sales data are due later today.

Bonds and Fed Guidance

Long-term bond yields remain near multi-year highs amid fiscal concerns in Japan, the UK, and the U.S. Sentiment improved after Fed officials, including Governor Christopher Waller, signaled support for rate cuts in the coming months.

In Washington, Stephen Miran, nominated by President Trump to the Fed Board, emphasized his commitment to preserving the central bank’s independence.

Labor Data in Focus

Wednesday’s JOLTS report showed weaker-than-expected job openings, boosting bets on a September rate cut. According to the CME FedWatch Tool, markets now price in a 96.6% probability of a cut.

Traders are watching Thursday’s ADP private payrolls report and weekly jobless claims, ahead of Friday’s non-farm payrolls, the week’s main event.

Trade policy is also in the spotlight, after a federal appeals court ruled most of Trump’s tariffs illegal. Trump has now petitioned the Supreme Court for an expedited review in November.

Commodities and Currencies

  • 10-year U.S. Treasuries: yield up to 4.2226%

  • 2-year U.S. Treasuries: up to 3.6187%

  • USD/JPY: dollar at ¥148.13

  • EUR/USD: euro slipped to $1.1652

  • Dollar Index: up to 98.217

On commodities:

  • Brent crude: -0.5% to $67.29/barrel

  • Gold: -0.8% to $3,529.94/oz after Wednesday’s record

#stockmarket , #WallStreet , #Asianmarket , #globaleconomy , #worldnews

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