Asian equities remain mildly bid as easing fears of higher rates jostle with challenges for sentiment.ADP cuts Emerging Asia outlook, IMF’s Georgieva expects slower growth for China.Risk appetite
“Business confidence among big Japanese manufacturers worsened in the three months to December for a fourth straight quarter, the Bank of Japan's closely watched Tankan survey showed, amid rising costs of living and a slowdown in the global economy,” reported Reuters. The news also stated that Japanese firms' inflation expectations for one and three years ahead both hit the highest level on record.
On a broader front, the S&P 500 Futures print a three-day uptrend near 4,065, up 0.25% intraday, whereas the US 10-year Treasury yields decline one basis point to 3.49%, after snapping the three-day downtrend.in the Asia-Pacific region remain firmer but the upside momentum is likely to be challenged by the US Federal Reserve .
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