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Bond yields continue to fall, stocks are trying to be stable by Reuters



© Reuters. Pedestrians walk past an electronic board outside a brokerage in Tokyo

By Wayne Cole

SYDNEY (Reuters) – Global bond yields continued to emerge lower in Asia on Thursday, while recessionary cancer was expecting more political relief from major central banks, although Some stock markets in the region were able to remain stable after an early sale.

Sterling was also hit by a fight by the Brexit blues after a round of voices in the UK Parliament failed to make any new plan to deal with its divorce from the European Union.

A Reuters report that the US and China have made advances in all areas of the trade talks seemed to strengthen the feeling a little, even though the points were still left and there was no specific schedule for a deal.

The MSCI's broadest index for Asia-Pacific shares outside Japan claimed that the losses were almost flat, as did the Shanghai blue chips.

Japan still fell 1

.4 percent, while E-Mini futures for those were 0.2 percent. [19659004] Concerns that the inversion of the US Treasury curve signaled a future recession only compounded when the 10-year yield fell to a fresh 15-month low of 2.34 percent.

"We believe that the ongoing flattening or direct inversion of the curve is a bad sign of stock, as it has usually been before," says Oliver Jones, marketing economist at Capital Economics.

"Arguments that the yield curve is no longer a Reliable indicator seems to reappear every time the Inverts, only to

was later displayed incorrectly. "

The latest decline in the decline was led by German Bundes, where the 10-year yield dived deeper into negative territory after European Central Bank President Mario Draghi said an interest rate increase could be further delayed.

Plans to Reduce Side Effects negative interest rates could also be considered, suggesting that the central bank is preparing for a longer period of time under zero.

That shift became hot on the heels of a stupid surprise on the Day Day of the Reserve Bank of New Zealand, which left its neutral bias for to say that the next rate move would probably be down.

Yields in both New Zealand and neighboring Australia quickly dropped to record lows in response [AUD/]

RBNZ explicitly cited all the easing features of other central banks as a reason for its turn since they had put unwanted upward pressure on the local dollar.

EASING GOES GLOBAL

There is a reason why markets are betting The Reserve Bank of Australia will also be forced to cut prices just to stop its currency from appreciating. Political relief then becomes a self-fulfilling cycle all over the world.

"The continued tough shift of G7 central banks, ongoing support from the Chinese authorities, and the relocation of RBNZ will put pressure on the RBA to also move in the same direction but reluctantly," said Su-Lin Ong, Australian and Australian leaders. New Zealand Strategy at RBC Capital Markets

"It is essentially a global political cycle."

RBNZ's action had the desired effect on its currency, which was attached to $ 0.6816 after diving 1.6 percent overnight It was on the defensive at $ 0.7090

Draghi's comments likewise pulled the euro back to $ 1.1250, leaving the US dollar a fraction firmer against a basket of its competitors at 96,874.

Only the Yen gave his own thanks its Sterling has its own problems as an offer by British Prime Minister Theresa May to stop having his EU agreement through parliament failed, which led to uncertainty over the Brexit process.

] It left the pound idle at $ 1.3190, although it was up from an early trough of $ 1.3140.

In the commodity markets, palladium was attentive after beating 7 percent on Wednesday when meteoric rally finally entered profit. It was down 0.4 per cent on Thursday.

Gold was relatively reassured at $ 1,310.85 per ounce. [GOL/]

Oil prices turned modest losses after data showed that stocks grew more than expected last week, when a chemical game from Texas hampered exports. [O/R]

U.S .. raw was last down 18 cents at $ 59.23 per barrel, while futures lost 10 cents to $ 67.73.


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