Morning Bid: Japanese consumers, Aussie CPI in focus

📆 5/28/2024 10:01 PM
📰 ChannelNewsAsia

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A look at the day ahead in Asian markets.Japanese consumer confidence and Australian inflation are the main points of focus for markets in Asia on Wednesday, as investors ponder the broader implications of a widespread rise in bond yields.U.S.

Passersby walk in front of an electric screen displaying Japan's Nikkei share average outside a brokerage in Tokyo, Japan March 21, 2024. REUTERS/Issei Kato/File Photo

The Dow fell, the S&P 500 was flat and Nvidia's extraordinary rally powered the Nasdaq to a fresh record high - shares in the AI poster child have soared 20 per cent in the last three trading days and the firm is now worth $2.8 trillion. The 10-year JGB yield rose for an eighth straight day on Tuesday to hit a fresh 12-year high of 1.035 per cent, and the 2-year JGB yield inched up to a new 15-year peak of 0.36 per cent.

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