KanawatTH
Japan -2.07%. Japan September Services PMI 53.8 (prior 54.3).
The Japanese yen stabilized near 149 per dollar on Wednesday after an unexpected surge in the previous session raised fears that authorities could have intervened in the currency markets to support the yen.
China market closed.
Hong Kong -1.13%.
India -2.07%.
Australia -2.07%. Australian final Service PMI (September) 51.8 (vs. prior 47.8).
The Ai Group Australian Industry Index rose by 8.2 points to -3.5 in September 2023, remaining in contraction for a 17th consecutive month.
RBNZ leaves its cash rate target unchanged at 5.50%, as expected, but defied expectations that it would signal further tightening given upside risks to inflation.
The S&P Global Singapore PMI increased to 54.2 in September 2023 from 53.6 in August, pointing to the seventh monthly expansion in private sector activity.
South Korea’s 10-year government Bond Yield increased to a 47-week high of 4.244%, amid a rout in global bond markets that saw US Treasury yields reaching 16-year highs, as worries deepened that the Fed will leave interest rates elevated for a longer period to cool inflation.
South Korea’s 10-year government Bond Yield increased to a 47-week high of 4.244%.
The S&P Global South Korea Manufacturing PMI rose to 49.9 in September 2023 from 48.9 in August.
Industrial production in South Korea jumped 5.5% month-on-month on a seasonally adjusted basis in August 2023
Markets in Israel and mainland China are closed for their respective holidays.
In the U.S. on Tuesday, all three major indexes ended in red as stronger-than-expected US jobs data sent Treasury yields higher, with the benchmark 10-year US yield surging above 4.8% for the first time since 2007. The tech-heavy Nasdaq Composite slumped 1.87% to close at 13,059.47 points, its worst intraday performance in over a month. The benchmark S&P 500 slid 1.37% to settle at 4,229.52 points, while the blue-chip Dow retreated 1.29% to finish at 33,003.04 points, posting its worst day since late March.
Coming up in the session: Investors cautiously awaited a raft of services PMI data across Europe, with weak manufacturing PMI data in the region released earlier this week denting sentiment.
WTI crude futures steadied around $89 per barrel on Wednesday as traders continued to assess the market outlook ahead of an OPEC+ meeting, where it is expected to keep output policy unchanged.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).
U.S. stock futures extended losses on Wednesday after a sharp selloff in the last session: Dow -0.45%; S&P 500 -0.57%; Nasdaq -0.69%.
ETFs: (NYSE:JEQ), (NYSEARCA:EWJ), (NYSEARCA:DXJ), (NYSEARCA:FXY), (NYSEARCA:FXI), (NYSEARCA:KWEB), (NYSEARCA:CQQQ), (NASDAQ:MCHI), (NYSEARCA:ASHR), (NYSEARCA:YINN), (NYSE:TDF), (NYSEARCA:CHIQ), (NYSEARCA:GXC), (NYSEARCA:EWH), (NYSEARCA:KBA), (NYSEARCA:YANG), (NASDAQ:CXSE), (NYSE:CAF), (NYSEARCA:CWEB), (NASDAQ:PGJ), (NYSEARCA:KURE), (NYSEARCA:CHIX), (NYSEARCA:CYB).
