Headlines:
- 10-year JGB yields fall back after first run up against 0.50%
- How significant was the impact of the BOJ surprise this week?
- ECB's de Guindos: 50 bps rate hikes may be the new standard
- UK Q3 final GDP -0.3% vs -0.2% q/q prelim
Markets:
- AUD leads, CAD lags on the day
- European equities little changed; S&P 500 futures down 0.1%
- US 10-year yields down 2.3 bps to 3.641%
- Gold flat at $1,814.63
- WTI crude up 1.8% to $79.68
- Bitcoin up 0.2% to $16,829
Markets are slowly winding down to the holiday period, with meaningful headlines few and far between. Bonds moved higher on the day, owing to a drop in 10-year JGB yields after having run up against the 0.50% mark set out by the BOJ yesterday.
Equities are looking more tepid now after a decent start, with US futures nudging a touch lower while European indices have also pared early gains to keep more flattish at the moment.
In the FX space, the dollar is just a smidge lower with losses more evident against the yen and aussie. USD/JPY is seen trading 0.3% lower to 132.10 as the plunge from Tuesday begins to consolidate. Meanwhile, AUD/USD is up 0.4%. to 0.6735 as the pair keeps a bounce off its 100-day moving average from around 0.6658 earlier in the week.
EUR/USD is up 0.2% to 1.0625 as buyers look to build on a shallow upside break while other major currencies are mostly little changed against the dollar.
