The prospect of the US finally easing borrowing costs is shaping trading across financial markets. The yield on 10-year US Treasuries declined two basis points to 3.79% during Asian trading
Skimming through top global developments, we have all major averages in the US market ending higher overnight amid weak jobs data, followed by oil dropping to 4-month lows after OPEC+ announced to ease production curbs
Equity markets around the world traded at their highest levels over the past few weeks due to the huge stimulus measures by Fed and other Japanese and European central banks.
The decline came after Bank of Japan Governor Haruhiko Karoda said over the weekend Japanese interest rates could rise without causing instability, despite the country's large national debt.
Shares on world markets retreated on Thursday on dimmed expectations for new stimulus from the Federal Reserve and data showing slower global economic growth, while the euro rose after sources said Spain is in talks over conditions for aid to reduce its borrowing costs.
World markets may be riddled with uncertainty, but billionaire investor Jim Rogers anticipates gains in one sector for years to come.