In Asian Equity Markets indices  were mixed on Friday morning following another decline on Wall Street overnight. Hong Kong’s Hang Seng index advanced by 0.49 percent in early trading action. Over on the mainland, the Shanghai composite slid by 0.23 percent. The ASX 200 saw a partial recovery to trade slightly lower in morning trade after losing 0.52 percent earlier in the session. In Japan, the Nikkei 225 fell by 0.35 percent in morning trade while the Topix index fell by 0.6 percent, as most sectors continued to trend lower.

 

In Currency Markets the US dollar held its earlier losses on Thursday against a basket of currencies as data showed domestic consumer prices grew less than analyst forecasts in September, reducing expectations inflation is accelerating despite a tightening labor market. The Chinese yuan also held its earlier gains in offshore markets on Thursday as U.S. President Donald Trump told Fox News there was much more he could do that would hurt China’s economy further, suggesting no signs of backing off a growing trade war with Beijing.

 

In Commodities Markets oil prices rose on Friday slightly reversing two days of declines in the previous sessions driven by sharp falls in equity markets and indications that supply concerns have been overblown, but were still on track for a weekly fall. Brent crude futures rose 33 cents, or 0.4 percent, to $80.59 a barrel. The contract fell 3.4 percent on Thursday, falling to as low as $79.80, its weakest since Sept. 24. It is heading for a 4.2 percent decline this week. U.S. WTI crude futures were up 26 cents, or 0.4 percent, at $71.23 a barrel, after falling 3 percent in the previous session.

 

In US Equity Markets indexes continued their slide in Thursday’s volatile session as investors worried about rising interest rates and braced for a trade war hit to corporate earnings a day ahead of the quarterly reporting season kickoff. The S&P 500 lost 2.06 percent, to 2,728.37 and the Nasdaq Composite fell 1.25 percent, to 7,329.06. The S&P’s 11 major sectors all ended the day in the red with only the communications services sector managing a decline of less than 1 percent. Energy was the biggest loser with a 3.1 percent decline as oil prices hit two-week lows

 

In Bond Markets U.S. Treasury yields fell to one-week lows on Thursday, sliding for a second straight session, as Wall Street shares dropped a day after posting steep losses on worries about prospects for rising interest rates. A weaker-than-expected rise in U.S. inflation for September also added to Treasuries bullish tone and may have partly tempered expectations of more aggressive Federal Reserve interest rate hikes.  U.S. 10-year note yields were at 3.142 percent, down from 3.225 percent late on Wednesday. U.S. 30-year bond yields fell to 3.316 percent, versus Wednesday’s 3.401 percent.

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