A mixed session for Asian equities
The Nikkei closes near flat levels, with Asian stocks failing to really take heart from the overnight gains in Wall Street. S&P 500 futures are down 0.3% in a bit of a breather after the record close seen in the cash market yesterday.
The Hang Seng is down 0.4% while the Shanghai Composite is down 0.3% currently.
10-year Treasury yields are also slightly lower by 1.1 bps to 0.915% but that also reflects a minor pullback following yesterday’s moves.
In the major currencies space, there is little change overall as we look towards European trading. The dollar remains in a vulnerable spot with EUR/USD seeking to extend the breakout momentum above the 1.2000 level.