In European Equity Markets stocks rose in Friday morning trade. The Nikkei 225 in Japan gained 0.42% in early trade, with shares of index heavyweight Fast Retailing adding 0.57%. The Topix also rose 0.4%. In South Korea, the Kospi attempted to bounce back from Thursday’s losses, rising around 1% after market open. The index had tumbled around 3% in the previous session. Shares of industry heavyweight Samsung Electronics gained 1.3%. The ASX 200 in Australia also rose 0.27% as most sectors advanced.

 

In Currency Markets the safe-haven Japanese yen and Swiss franc stood tall on Friday amid investor concerns that a long-standing rift over trade between the United States and China could deepen if talks between the two fail to reach a last-minute deal. The dollar traded at 109.860 yen after slipping to a three-month low of 109.470 overnight on the back of the trade concerns, which have sparked broad risk-aversion in global markets this week. The greenback stood at 1.0152 Swiss francs after dropping roughly 0.5 percent the previous day, when it touched a one-month low of 1.0122 francs.

 

In Commodities Markets U.S. oil prices rose on Friday on renewed optimism that a trade deal between Washington and Beijing could be struck, as investors have been fearing that a protracted tariff war would harm global economic growth.  Brent crude futures were at $70.85 a barrel, up 48 cents, or 0.7 percent, from their last close. Brent closed little changed in the previous session. U.S. West Texas Intermediate (WTI) crude futures were at $62.29 per barrel, up 59 cents, or 1 percent, from their previous settlement. WTI closed the last session down 0.7 percent.

 

In US Equity Markets stocks fell on Thursday ahead of critical trade negotiations between the United States and China, though they pared losses significantly after U.S. President Donald Trump said reaching a deal this week was possible. The S&P 500 lost 0.30%, to 2,870.72 and the Nasdaq Composite fell 0.41%, to 7,910.59. Materials and technology stocks posted the steepest declines among the S&P 500’s sectors, falling over 0.8%. Chevron Corp shares gained 3.1%, after the oil company said it would not raise its $33 billion offer to buy Anadarko Petroleum Corp.

 

In Bond Markets U.S. Treasury yields fell on Thursday, with longer-dated yields hitting five-week lows, as China and the United States were set to resume tense trade talks just hours ahead of the Trump administration’s plan to raise tariffs on Chinese imports. The yields on benchmark 10-year Treasury notes were down 2.6 basis points at 2.457% after hitting a five-week low at 2.422% Ten-year yields briefly fell below three-month bill rates for the first time since March when an inversion had stoked talk of a U.S. recession.

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