Futures slipped lower in Japan and Hong Kong, while Australia held steady. The US equities overnight dipped after robust economic data that raised concerns on pullbacks in central bank stimulus. The S&P 500 and the Nasdaq both fell by 0.4% and 1% respectively. The Dow Jones was lower by 0.1%. Strong employment data and record service sector growth underscored the recovery from the pandemic.
US Treasury yields edged higher on Thursday. US 10-year yields lifted by 3 points to near 1.63%. While US 2-year yields were higher by 1 point to near 0.16%.
Forex trading overnight saw the dollar jumped against other major currencies. According to ZERO Markets’ MetaTrader 5 platform, the Euro fell from highs near 1.2204 to lows near $1.2125 against the dollar. The Aussie dollar fell from highs near $0.7740 to highs around $0.7647 against the dollar.
Meme stocks including AMC had another volatile session, trading to a record market cap of $18 billion. Intraday trading fell from highs near $70 per share to near $51 per share.
Elsewhere, commodity trading was little changed on Thursday. Brent crude is trading near $US 71.31 a barrel. While WTI is trading near $68.81 per barrel.
Iron ore prices advanced 0.2% to near $211.2 a tonne following production restrictions in China. Precious metals trading saw gold fell by 2% to near $US 1,870 an ounce.
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