US equities look to bounce back after yesterday's stumbleUS 30-year yields move up to hit 5% threshold againUK Finance Minister Reeves: Britain's economy is not brokenJapan trade negotiator Akazawa reportedly making arrangement for US visit tomorrowBOJ governor Ueda: There is no change to our stance on rate hikesEurozone July PPI +0.4% vs +0.2% m/m expectedEurozone August final services PMI 50.5 vs 50.7 prelimUK August final services PMI 54.2 vs 53.6 prelimUS MBA mortgage applications w.e. 29 August -1.2% vs -0.5% priorOPEC+ to consider another output hike at Sunday meeting
Markets:
AUD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.5%US 10-year yields down 0.4 bps to 4.273%Gold up 0.4% to $3,547.16WTI crude down 2.0% to $64.29Bitcoin up 0.1% to $111,560The yields blowup continued earlier in the day with 30-year yields in Japan shooting up to an unprecedented 3.29% with 30-year yields in the UK also shot up to 5.75% - its highest since 1998. US 30-year yields also briefly clipped the key 5% threshold but since then, the moves have backtracked a little.
That's helping to feed into a better showing in equities, with US futures pointing to a bounce back at the open later. That as least for tech shares, with S&P 500 futures and Nasdaq futures up 0.5% and 0.7% respectively.
In other markets, precious metals continue to hold on to gains from the past few days with gold keeping at around $3,547 as it looks to build on a break of the $3,500 mark. Meanwhile, silver is lightly changed but continuing to keep above $40 at around $40.90 at the moment.
Another notable mover was actually oil, with prices falling after a report that OPEC+ might consider another output hike at the weekend. That saw WTI crude drop from around $65.40 to $64.29 currently, keeping just above its own 100-day moving average of $64.25.
This article was written by Justin Low at investinglive.com.Hence then, the article about investinglive european markets wrap a calmer mood but bond selloff keeps things on edge was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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