Japan’s Nikkei rose 2 per cent to its highest since 1990. FTSE and European futures rose slightly. — Reuters pic
S&P 500 futures rose 0.6 per cent and Nasdaq 100 futures rose 0.9 per cent as markets seemed to shake off a late fade that pulled Wall Street indexes back from fresh record peaks when chaotic protests in Washington unnerved traders. Yesterday’s bond selloff pushed the yield on benchmark 10-year US Treasuries over 1 per cent for the first time since March. It rose as high as 1.0507 per cent today.
Wall Street eased from session highs as police evacuated lawmakers and struggled for more than three hours to clear the Capitol of Trump supporters. Meanwhile a US crackdown on Chinese companies appears to be deepening, with sources telling Reuters that the Trump administration is considering extending investment bans to tech giants Alibaba, and Tencent.