Asia Stocks to Fall, Treasury Yields Extend Rise: Markets Wrap

Equity futures for benchmarks in Japan, Australia and Hong Kong all fell after Wall Street ended Wednesday flat, failing to avert a ninth consecutive decline for a widely-watched measure of global equities — it’s worst losing streak in a dozen years. US futures were moderately higher in early Asian trading.

Those moves supported the greenback, pushing the Bloomberg dollar index to the highest level since November. The dollar index has climbed for six sessions in a row, its longest run of advances in a year. Oil markets were firmly in focus. Dwindling US crude stockpiles pushed West Texas Intermediate, the US oil price, to settle above $93 Wednesday.

Fed Chair Jerome Powell and a handful of other central bank officials are set to speak later Thursday. Data on the docket for release include US gross domestic product and initial jobless claims ahead of the personal consumption expenditures price on Friday, the Fed’s preferred inflation gauge.

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