4 September 2025
US stocks traded higher on Wednesday, led by gains in large tech stocks. The S&P 500 was up 0.5%.
US Treasuries rose on weaker-than-expected JOLTS jobs data. 10-year yields fell 4bp to 4.22%.
European stock markets rose on Wednesday. The Euro Stoxx 50 gained 0.6%, with the French CAC up 0.9% and the German DAX up 0.5%. In the UK, the FTSE-100 rose 0.7%.
European government bonds rose, partially reversing the previous session’s losses. 10-year German bund yields fell 4bp to 2.74%, as 10-year French yields were down 4bp to 3.54%. In the UK, 10-year gilt yields ended 5bp lower at 4.75%.
Asian stock markets traded mixed on Wednesday. Japan’s Nikkei 225 declined 0.9% amid renewed concerns over political uncertainty, while Korea’s Kospi gained 0.4%. Meanwhile, China’s Shanghai Composite fell 1.2% and Hong Kong’s Hang Seng lost 0.6%. Elsewhere, India’s Sensex was up 0.5% amid investor optimism over the GST rate rationalisation.
Crude oil prices fell on Wednesday ahead of an OPEC+ meeting. WTI crude for October delivery fell 2.5% to USD64.0 a barrel.
US JOLTS Job Openings index fell to 7.18mn in July, from a downwardly revised 7.36mn in June, indicative of softer labour market conditions.
In the US, the ISM services index should rise to 51.0 in August, from 50.1 In July, remaining in expansion territory.
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