Contracts for the Wall Street benchmark rose 0.5% while those for the tech-heavy Nasdaq 100 rallied 0.9% after chipmaker Nvidia issued aKey stock indexes in Hong Kong, mainland China and South Korea all rose, along with European futures, while Australian shares fell. There was no trading of equities in Tokyo or Treasuries in Asian hours due to a holiday in Japan.
Australian bond yields edged higher while those for New Zealand’s 2-year and 10-year debt rose more than 10 basis points. Investors increased expectations for the peak to the Fed’s interest rate cycle. Market pricing now implies expectations for a peak of nearly 5.4% in July. A month ago, investors had priced in a peak of 4.9% in June. An index of the dollar was flat after strengthening on Wednesday.
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