In Asian Equity Markets indices were mixed on Thursday as investor sentiments remained cautious. Shanghai composite was down by 0.37 percent while the Shenzhen composite was largely flat. Hong Kong’s Hang Seng index also fell 0.2 percent. Japan’s Nikkei 225 shed earlier gains to trade largely flat. Shares of Japan’s largest bank, Mitsubishi UFJ Financial Group, fell about 3 percent in the morning after the New York Times reported that U.S. prosecutors are said to be investigating the lender’s systems to track money laundering.

In Currency Markets the US dollar was broadly lower in Asian trade on Thursday as demand for safe haven currencies declined after a rebound in global equities and the euro strengthened on hopes for a resolution of Italy’s budget dispute. The euro gained marginally versus the dollar to trade at $1.1388. The single currency gained 0.1 percent on Wednesday despite the European Union rejecting Italy’s fiscal plans for failing to comply with euro zone rules. Elsewhere, the British pound traded relatively unchanged at $1.2775 as traders await clarity on the progress of a Brexit agreement.

In Commodities Markets oil prices fell on Thursday after U.S. crude inventories increased to their highest level since December 2017 amid concerns of an emerging global glut, although an expected supply cut by producer cartel OPEC prevented further drops. U.S. West Texas Intermediate (WTI) crude futures, were at $53.38 per barrel, 25 cents, or 0.5 percent below their last settlement. Front-month Brent crude oil futures were at $63.28 per barrel, down 20 cents, or 0.3 percent, from their last close.

In US Equity Markets the S&P 500 ended higher on Wednesday after a two-day selloff, led by a rebound in energy and technology shares, but the market faltered toward the session’s end as Apple shares surrendered gains ahead of the Thanksgiving holiday. The S&P 500 gained 0.30 percent, to 2,649.93 and the Nasdaq Composite added 0.92 percent, to 6,972.25. Retailers also recovered, with the S&P retail index ending up 1.1 percent, breaking an eight-session string of losses. Foot Locker Inc jumped 14.9 percent.

In Bond Markets U.S. Treasury yields fell on Wednesday after data showed that new orders for U.S.-made capital goods were weaker than expected, and as stock markets pared earlier gains. The U.S. Treasury Department on Wednesday sold $11 billion of 10-year Treasury Inflation Protected Securities (TIPS) at a yield of 1.109 percent, which was highest yield for this debt maturity at an auction since January 2011. Benchmark 10-year note yields fell to 3.065 percent, after rising to 3.088 percent overnight.