Asian Stock Market: Trades mixed amid firmer yields, concerns over China, Japan

o have challenged the Asian traders could be the contrasting performance of the S&P 500 Futures and the Wall Street benchmarks.

Even so, the yield curve portrays recession woes and exerts downside pressure on the equities. “Two-year yields crept back up to 4.46%, retracing a little of last week's sharp inflation-driven drop of 33 basis points to a low of 4.29%. That left them 69 basis points above 10-year yields, the largest inversion since 1981,” mentioned Reuters. grew 3.7% YoY versus 2.7% expected and 3.0% prior.

On Thursday, the US reported mixed data but St. Louis Federal Reserve President James Bullard and Minneapolis Fed President Neel Kashkari questioned the market’s bets on the easy rate hike from theLooking forward, a lack of major data/events could keep the traders on the edge but the bears are bracing for re-entry.

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