- Asian stock markets held firm and bond yields rose on Wednesday as hopes of diminishing U.S.-China tensions and reduced risk of no-deal Brexit prompted investors to take profit in risk-off trade ahead of key central bank policy meetings.
- Position unwinding was also apparent in bond markets ahead of key central bank policy announcements including the European Central Bank on Thursday and the U.S. Federal Reserve next week.
- The euro stood little changed at $1.10485, while the British pound stood at $1.2358, near its six-week high of $1.2385 hit earlier in the week.
- Bond yields, stock prices supported ahead of central bank meetings (Reuters: Sep 11, 2019 at 1:06 AM)
- Rising bond yields support value stocks ahead of c.bank meetings (Reuters: Sep 11, 2019 at 3:52 AM)