In Asian Equity Markets were largely in negative territory on Friday. The Nikkei 225 made a partial recovery but remained lower by 0.39 percent in the morning, while the Topix index traded down by 0.22 percent, with most sectors still lower. In South Korea, the Kospi fell by 0.25 percent in the morning, as shares of heavyweight Samsung Electronics shed some earlier gains but remained up by 0.34 percent. Earlier, the company said its third-quarter operating profit was likely to have risen to a record high.

In Currency Markets the US dollar stood tall on Friday against its major peers, including the yen and euro, as investors evaluated the impact of a two-day global government bond rout that has lifted U.S. Treasury yields to seven-year highs. The dollar rose 0.1 percent to 114.04 yen after coming off an 11-month high of 114.55 yen reached during the previous session. A rise above 114.735 would take the greenback to its highest level since mid-March 2017. The euro was not far off-six week lows against the dollar, trading basically unchanged at $1.1515.

In Commodities Markets oil prices rose on Friday, as traders focused on U.S. sanctions against Iran’s crude exports that are set to start next month to tighten global markets. The gains helped claw back some of the losses from the previous session due to rising U.S. inventories and after Saudi Arabia and Russia said they would raise output to at least partly make up for expected disruptions from Iran. International benchmark Brent crude oil futures were at $84.98 per barrel, up 40 cents, or 0.5 percent from their last close.

In US Equity Markets indices stocks fell on Thursday as U.S. Treasury yields continued their ascent to multi-year highs on the latest round of strong economic data, building concerns for an acceleration of inflation. The S&P 500 lost 0.82 percent, to 2,901.61 and the Nasdaq Composite fell 1.81 percent, to 7,879.51. Among the biggest drags on the S&P were the so-called FANG group of stocks, which were among shares that helped propel the Nasdaq to its recent record high. Financials however were one of the few bright spot, rising 0.71 percent

In Bond Markets the U.S. Treasuries market’s two-day decline pushed its volatility to its highest level since June as investors shed their bond holdings on surprisingly strong economic data and signals the Federal Reserve would raise interest rates further. The benchmark 10-year Treasury yield touched 3.232 percent, which was the highest level since May 2011. On Thursday, the 30-year Treasury note closed at 3.35 percent, compared with 3.34 percent on Wednesday.