Pre-market futures in the US are trending lower, with McDonald's down nearly 6% due to a E. coli infection incident. Starbucks is down nearly 5% due to a disappointing third-quarter report. Spirit Airlines is up nearly 20% as it resumes merger talks with Frontier. Asia-Pacific stock markets are mixed, with the Seoul Composite Index up 1.1% and the Nikkei 225 Index down 0.8%. The global bond market continues to see a selling trend, with US bond yields rising across the board. Spot gold hits a new high, breaking through $2750
Expectations for a Fed rate hike cool down, with US stocks and bonds plunging overnight, as the 10-year US Treasury yield rises above 4.2%, hitting a three-month high.
In pre-market trading, the three major US index futures are slightly lower, with Starbucks falling nearly 5% due to poor third-quarter results and a delay in releasing fourth-quarter guidance. McDonald's is down nearly 6% as severe E. coli infections occur in multiple locations across the US. Spirit Airlines is up nearly 20%. According to the Wall Street Journal, Spirit Airlines is in preliminary talks to resume merger negotiations with Frontier.
Asian stock markets are mixed, with the Seoul Composite Index in South Korea rising by 1.1%; the Nikkei 225 Index falling by 0.8%, and Tokyo Metro's listing on the first day surging over 40%, marking the largest IPO in six years for Japanese stocks. European stocks open slightly lower.
The global bond market sell-off trend has not completely subsided, with US bond yields generally rising and Japan's 40-year government bond yield reaching its highest level in 16 years.
Spot gold rises above $2750 during trading, hitting another historical high; international oil prices edge slightly lower.
[16:10 Update]
In pre-market trading, Starbucks falls nearly 5% due to poor third-quarter results and a delay in releasing fourth-quarter guidance.
McDonald's is down nearly 6% as severe E. coli infections occur in multiple locations across the US.
Spirit Airlines is up nearly 20%. According to the Wall Street Journal, Spirit Airlines is in preliminary talks to resume merger negotiations with Frontier.
Qualcomm falls over 5% amid reports that Arm has proposed to cancel Qualcomm's license to use Arm's intellectual property to design chips.
[15:45 Update]
US stock index futures are slightly lower, with Dow futures down nearly 0.3%.
Major European stock indices open slightly lower, with the Euro Stoxx 50 Index down 0.41%, Germany's DAX Index down 0.3%, the UK's FTSE 100 Index down 0.17%, and France's CAC40 Index down 0.44% Asia-Pacific stock markets were mixed, with the Seoul Composite Index closing up 1.1%; the Nikkei 225 Index fell by 0.8%, while Tokyo Metro rose by 42% on its first day of listing, marking the largest IPO in six years for the Japanese stock market.
During trading, Tokyo Metro's stock price surged by 47%, opening at 1630 Japanese Yen and reaching a high of 1768 Japanese Yen, well above the IPO price of 1200 Japanese Yen, with a market value exceeding 1 trillion Japanese Yen at one point. It closed at 1739 Japanese Yen, up 42% from the issue price.
US Treasury yields generally rose, with the 10-year yield remaining at a high of 4.23%.
Emerging market bond prices continued to decline, with yields on Indonesian and South African government bonds rising.
Spot gold rose above $2750 per ounce during trading, hitting a new historical high. UBS stated that the bullish sentiment for gold is strong, with the next target at $2900 per ounce, and any pullback will be seen as a "buying opportunity".
International oil prices saw a slight decline.
