Market perception of wider risk from Mid-East conflict eases amid dovish US Fed comments

Asia market update: ; Asian stocks surge as global Sovereign yields fall; Currencies regain ground v USD. General trend - Risk appetite returned on Tuesday as the perceived threat of a widening of the Israel-Hamas conflict was kept at bay, for now. WTI crude oil at $86/bbl was off its highs and global Sovereign yields fell with US 10-yrs -12bps, at one point as low as 4.626% during Asian trading.

- Japan Fin Min Suzuki: Current yen weakening is caused in part by interest rate differentials; Will hold G-7 Finance Ministers meeting on Oct 12 with BOJ Gov Ueda; - Bank of Japan announcement related to daily outright bond buying operation. - Bank of Japan offers to buy 5-10 year JGBs at fixed rate of 100bps; Opens window to buy unlimited amount of 10-year JGBs at 1.00%. South Korea - Kospi opens +1.2% at 2,436. - LG Electronics Reports prelim Q3 Op 996.7B v 839Be, Rev 20.7T v 20.6Te.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil dips on investor caution as market eyes Middle East turmoilOil dips on investor caution as market eyes Middle East turmoil
Source: Investingcom - 🏆 450. / 53 Read more »

Middle east turmoil could mean more market volatility aheadInvestors are bracing for market volatility following the surprise attack on Israel by Hamas militants. Crude oil futures shot up over the weekend whi
Source: FXStreetNews - 🏆 14. / 72 Read more »

Asian market set to welcome dovish Fed commentsAsian markets are set to start the day with a generally positive tone, taking cues from Wall Street's performance. The bullish sentiment comes in resp
Source: FXStreetNews - 🏆 14. / 72 Read more »

Stock Market Today: Dow up despite Israel-Hamas war as Fed members signal cautionStock Market Today: Dow up despite Israel-Hamas war as Fed members signal caution
Source: Investingcom - 🏆 450. / 53 Read more »