The benchmark indices closed little changed the previous day after a choppy trading session, as investors weighed up the implications of rising Treasury yields along with the latest batch of economic data and earnings."The market is quite nervous at the moment, the very low volatility that has been prevailing so far now is facing a reality check."
It has made the most headway against some of this year's better-performing currencies, such as the Australian dollar , which lost 1.5% this week, or the, which is heading for a drop of 1.2% after the Bank of England delivered a smaller rate rise than many had hoped for. on Friday the central bank would use policy tools flexibly to ensure reasonably ample liquidity in the banking system.policymakers will deliver more broad-based stimulus to boost the post-pandemic recovery as the world's second-largest economy struggles with weak demand at home and abroad.
and cited the country's deteriorating fiscal position as one of the key drivers, thrusting the government's finances into the spotlight.