Morning Report

Equity

Asian stocks slipped on Friday as investors fretted about a broadening global economic slowdown, with sentiment not helped by the absence of any positive signs for a resolution in the U.S.-China trade row.
MSCI’s broadest index of Asia-Pacific shares outside Japan shed 0.3 percent, easing back from a four-month peak touched the previous day. Japan’s Nikkei fell 1.2 percent

Bonds

The 10-year U.S. Treasury yield stood near a six-day low of 2.65 percent plumbed overnight, when it sank more than 4 basis points amid the broader risk aversion in markets.

The 10-year German bund yield fell to 0.105 percent on Thursday, its lowest since November 2016 after the European Commission’s sharp cuts to growth and inflation forecasts.

Currency

The euro sagged under the weight of declining German bund yields. The single currency was down 0.2 percent at $1.1339 after dropping to a two-week low of $1.1325 the previous day.
The dollar was little changed at 109.820 yen, nudged off a high of 110.09 reached the previous day.

Oil

In commodities, U.S. crude futures slipped 0.3 percent to $52.48 per barrel, extending losses after dropping 2.5 percent in the previous session.

Oil fell on Thursday as the market was hurt by concerns that global demand growth would lag in the coming year.

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