- Asian Stock Markets : Nikkei down 0.07%, Shanghai Composite up 0.08%, Hang Seng up 1.53%, ASX up 1.02%
- Commodities : Gold at $1743.95 (+0.13%), Silver at $25.31 (+0.24%), Brent Oil at $62.97 (-0.30%), WTI Oil at $59.45 (-0.54%)
- Rates : US 10-year yield at 1.656, UK 10-year yield at 0.785, Germany 10-year yield at -0.328
News & Data:
- (USD) Crude Oil Inventories -3.5M vs -2.0M expected
- (CAD) Ivey PMI 72.9 vs 62 expected
- China’s MOFCOM: Will Keep Policy Consistent, Work To Keep Trade Stable
- Yuan Erases Year’s Gains Against Dollar as PBOC Steps Aside
Asian stocks rose broadly on Thursday after the Federal Reserve minutes from the March meeting indicated that officials have little concern over inflation despite rising longer-duration government bond yields.
The Nikkei 225 in Japan slipped less than 0.1% while the Topix index finished its trading day 0.8% lower. Chinese markets moved marginally. South Korea’s Kospi closed 0.2% higher. Hong Kong’s Hang Seng index led gains among the region’s major markets, rising 1.2%.
Oil prices slipped, but were still within a narrow trading range that has held for the last two weeks or so. The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.3 following its decline earlier in the week from above 92.8.
- 12:30 PM GMT – (USD) Unemployment Claims
- 04:00 PM GMT – (USD) Fed Chair Powell Speaks