Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
7:45
Japan’s core inflation figure reached a 40-year high. The consumer price index in Japan rose by 3.6% in October compared to the previous year, surpassing forecasts. After the release of the inflation report, the leading indexes in Asia rose.
Now the indices are trading in a mixed trend. The Nikkei index in Japan is now down by 0.1%, the Kospi index in South Korea is up by 1.3%, and the Hang Seng is advancing by 1.7%, the Shanghai index was closed unchanged.
Late trading in the US last night was in a downward trend, after officials at the Federal Reserve hinted at further interest rate hikes. James Bullard, president of the Fed in St. Louis County, said the Fed rate should be between 5-7 percent.
US government bond yields in its owners – the one-year bond yield increases by 3 points to 4.7% and the six-month bond yield increases by 4 points to 4.63%.