[MARKET UPDATE] Asia-Pac stocks begin lower as global risk sentiment continues to be weighed down by the Middle East conflict, while participants also await the looming NFP report
The decline in Asia-Pacific stocks reflects the prevailing risk-off sentiment fueled by the ongoing Middle East conflict, which could cause fluctuations in safe-haven assets like gold and the yen.
PBoC is expected to set USD/CNY mid-point at 6.8998 (prev. 7.9007)
UAE is mulling freezing Iranian assets to punish Tehran for attacks, according to WSJ
[MARKET UPDATE] Asia-Pac stocks begin lower as global risk sentiment continues to be weighed down by the Middle East conflict, while participants also await the looming NFP report
Australia sells AUD 800mln 1.50% June 2031 bonds, b/c 4.03, avg. yield 4.4887%
US has issued a temporary 30-day waiver to allow sale of Russian oil currently stranded at sea to India, according to a report citing two officials
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Additionally, the anticipation of the Non-Farm Payroll (NFP) report is likely contributing to caution among investors as they seek clarity on U.S. economic health, suggesting a bearish outlook in the short term for equities.
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