PT Solid Gold Berjangka | Stocks in Asia Rangebound as Treasuries Decline
Solid Gold Berjangka | It seems like the Asian markets are trading within narrow ranges after a slight rise in US stocks and a drop in Treasuries. Here’s a breakdown of the key points from the information you shared:
Equity Markets:
- Equities in Australia edged lower, while those in South Korea were mostly unchanged.
- Stock futures for Hong Kong slipped, despite a gain in an index of US-listed China shares.
- Japanese markets are closed for a holiday.
US Market Performance:
- The S&P 500 rose 0.4% on Wednesday, continuing a November rally and on track for its best month since July last year.
- US futures were little changed in early Asian trading.
Treasuries and Bond Yields:
- Treasuries fell on Wednesday, impacting Australian and New Zealand government bond yields in Asian trading.
- The two-year and five-year yields increased by three basis points, reflecting data showing that Americans expect inflation to climb at an annual rate of 4.5%.
Currency Markets:
- The Bloomberg Dollar Spot Index was little changed.
- The euro was stable at $1.0892.
- The Japanese yen rose 0.2% to 149.26 per dollar.
- The offshore yuan was little changed at 7.1584 per dollar.
- The Australian dollar was also little changed at $0.6548.
Cryptocurrencies:
- Bitcoin fell 0.8% to $37,320.08.
- Ether fell 1.3% to $2,054.15.
Bonds:
- Australia’s 10-year yield advanced four basis points to 4.48%.
These trends indicate a mixed and cautious sentiment in the markets, with investors monitoring factors such as inflation expectations and global economic conditions. It’s worth keeping an eye on how these trends develop in the coming days, especially as various markets react to economic data and geopolitical events.