Guest
ASIA STOCKS TO GAIN, TREASURIES RALLY ON US JOBS US equity futures advanced after a further labor-market slowdown reinforced speculation the Federal Reserve will cut interest rates next year to avert a recession. MSCI’s Asia Pacific Index - a gauge for benchmarks in the region - rose the most in three weeks, with Japanese equities leading the gains. European stock futures advanced 0.4%. Benchmark US 10-year yields pared some of Tuesday’s drop that had brought them below 4.2%. Global bonds are extending gains on expectations that a wave of easing will break out next year as inflation fears evaporate. Source: Bloomberg JAPAN REGIONAL BANKS ASKED UEDA TO SCRAP NEGATIVE INTEREST RATE Japan’s regional banks called on the Bank of Japan to scrap its negative interest rate when executives met with central bank officials last month, according to people familiar with the matter. Toshiyuki Kumagai, the president of the Second Association of Regional Banks, requested a review of the negative rate policy, according to the people, who asked not to be named. While the association has called for an end to the subzero rate previously, the latest meeting — held on Nov. 16 — comes as the central bank is seeking input for its broad policy review. Source: Bloomberg EURO ZONE YIELDS DROP, EQUITIES RALLY PAUSES Germany's 10-year government bond yield dropped to its lowest in six months on Tuesday and world shares edged off four-month highs as traders upped bets on European Central Bank rate cuts early in 2024 and grappled with the Federal Reserve's outlook. The 10-year Bund yield dropped as much as 7 basis points to %, its lowest since June 2, after European Central Bank official Isabel Schnabel said in an interview that further interest hikes are “rather unlikely“, after an unexpectedly big fall in inflation. Source: Reuters 🌐 FXOpen official website: Join us on our social networks: ✅ ✅ ✅ ✅ CFDs are complex instruments and come with a high risk of losing your money.
