Global stock markets, at a five-week low due to a decline in US bonds

performance United States Treasury bonds 10-year bonds hit a 10-month high on Thursday, boosted by concerns that interest rates will remain high for longer. This contributes, along with Chinese economic problemsthat world stock exchanges Listed at least five weeks.

back Reference notes for 10 years It’s running at 4.312%, testing the 4.34% hit in October, which means it’s passed the maximum since 2007.

The reason for the rise is the strong data on US domestic demand. July meeting minutes Federal Reservepublished on Wed) looks very old, they talk about a The gradual slowdown of the US economy“But when you look at the data, we’re not even slowing down,” said Sami Char, chief economist at Lombard-Odier.

Fed meeting details

The record showed that the file Monetary authorities are divided on the need to raise interest rates Some pointed to the risk to the economy of going too far.

he MSCI World Stock Index fell 0.1%, having reached its lowest point since July 6; The pan-European Stoxx 600 put up 0.2%; But Nasdaq and S&P500 futures rose 0.2%.

The Chinese economy was the other issue on investors’ minds as a flurry of economic data and real estate woes took the spotlight Post-pandemic recovery issues.

The largest indicator of MSCI Asia Pacific Stocks Excluding Japan, it fell to its lowest level since late November in early trading Thursday. And its collapse by about 8% in August, which is its worst monthly result since September 2022.

IBenchmarks for Hong Kong and China It is holding slightly, though, at multi-month lows as investors pin their hopes on potential government stimulus to boost the economy.

he and in It is trading at a nine-month low of 146.57 per dollar earlier in the session, as traders monitor possible intervention by Japanese authorities.

In the raw materialsCrude oil prices were flat and rose 0.9% after three sessions of declines.