Overview:
The is lower across the board as dealers attribute the selling to month-end pressures ahead of the and tomorrow and long-holiday weekend for many. Japan’s Golden Week holiday has already begun. Despite the loss in US equities yesterday, despite the higher opening, it has not spilled over, as Alphabet (NASDAQ:) helped lift sentiment. The MSCI Asia Pacific Index rose for a third session as is approaching the halfway mark of this year’s range. Europe’s Dow Jones little changed near the month’s high.
US shares are firm, and the is poised to recover most of yesterday’s loss. Caterpillar (NYSE:) before the US are awaited for global economic insight as it operates in nearly all countries. Peripheral European bond yields begin off higher, with Italy under the most pressure after Fitch downgraded it late yesterday.
Core bond yields are a little lower, and the US is near 60 bp. The Antipodean currencies are leading the move against the US dollar by the major currencies,…
