Asia shares ease, bonds rally on sober Fed

11.06.2020 - Davydova Maria
Asia shares ease, bonds rally on sober Fed

Asian shares eased on Thursday, while bonds soared after speculations that the U.S. Federal reserve will add stimulus measures to shore up the economy.

MSCI’s broadest index of Asia-Pacific shares outside Japan slid 0.3%. Japan’s Nikkei fell 1.1%, while Chinese blue chips slipped 0.4%.

S&P 500 dropped 0.53%, while its e-mini futures lost 0.4%. The Dow was down 1.04%, while the Nasdaq Composite gained 0.67%.

The Fed forecasted that the U.S. economy will contract by 6.5% for the year, while unemployment would remain at 9.3% at year’s end.

Chairman Jerome Powell confirmed that the Fed was considering yield curve control and emphasized that economic recovery would be a long road.

10-year Treasuries fell 9 basis points on Wednesday, its sharpest fall in two months. It fell 0.72% on Thursday. 

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?