Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
The Australian bonds slumped during Asian trading session Thursday tracking its U.S. counterpart after President Donald Trump confirmed that there have been no casualties from the Iranian attack on Iraq-based U.S. troops, making the scenario less dreadful than gauged.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, jumped 4-1/2 basis points to 1.230 percent, the yield on the long-term 30-year bond also surged 4-1/2 basis points to 1.859 percent and the yield on short-term 2-year gained 2 basis points to 0.797 percent by 02:25GMT.
Trump’s commented that Iran “appears to be standing down” and that it does not indicate any further action by the former, delivered a sigh of relief to the benchmark S&P 500 stock index, while safe-haven gold came down from its multi-year peak.
"Asian markets may claw back some ground today as Middle East tensions stabilize and market players may start to turn their attention back to the Fedspeak from Clarida, Williams, Kashkari, Bullard, Barkin and Evans, as well as economic data including the US labor market report due tomorrow," OCBC Treasury Research reported.
Meanwhile, the S&P/ASX 200 index traded tad 0.26 percent higher at 6,822.50 by 02:30GMT.
