Asia Market News
In Asia stocks pulled back as investor concerns over the June 23 referendum that could see Britain exit the European Union. Japan’s Nikkei declined 0.5%. China’s CSI 300 index lost 0.4%, and the Shanghai Composite retreated 0.3%.
Currency Market News
The EUR/USD eased to $1.1298. The USD/JPY was down 0.1 percent against the yen at 107.02 yen. The British pound was on edge at $1.4456, having fell from this week’s high of $1.4664 touched on Tuesday, and heading for a fall of 0.4 percent this week.
Commodity Market News
Oil prices were stable in early trading supported by strong demand and global supply disruptions. International Brent crude oil futures were trading at $51.96 per barrel, up 1 cent from their last settlement. U.S. WTI futures were flat at $50.56 a barrel.
US Market News
In US stocks equities retreated on Thursday after three days of gains as oil prices fell and global growth worries drove investors to safer assets like bonds. The S&P 500 lost 0.17%, to 2,115.48. Shares of Tailored Brands (NYSE:TLRD) fell 20.5% after the apparel retailer posted a quarterly profit well below analysts’ estimates. Health-care companies rebounded, led by UnitedHealth Group Inc.’s (NYSE:UNH) 2.5% rally. The shares climbed to a record after the company raised its dividend by 25%.
Bond Market News
In Bond Markets the yield on the benchmark Japanese government bond fell to a record low on Friday, as bond prices took their cues from a rise in U.S. Treasuries in the previous session. The 10-year JGB yield edged down 1 basis point to minus 0.140 percent. The 10-year U.S. Treasuries yield broke out of the trading range is has been in since March to hit a 3 1/2-month low of 1.659 percent on Thursday. It last stood at 1.6798 percent. German 10-year Bunds yield hit a record low of 0.023 percent while the 10-year British gilt yield struck an all-time low of 1.222 percent.
Economic Calendar
13:30 GMT+1 CAD Employment Change
13:30 GMT+1 CAD Unemployment Rate
15:00 GMT+1 US Prelim UoM Consumer Sentiment
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