BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
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Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
The U.S. Treasuries surged during Thursday’s afternoon session ahead of the country’s initial jobless claims, scheduled to be released today by 13:30GMT, along with the 10-year auction, also due today at 18:00GMT.
The yield on the benchmark 10-year Treasury yield slumped nearly 3 basis points to 1.743 percent, the super-long 30-year bond yield also plunged 3 basis points to 2.189 percent and the yield on the short-term 2-year lost 1-1/2 basis points to trade at 1.512 percent by 11:25GMT.
The mood surrounding China’s coronavirus turned negative once again today, after yesterday’s decision by the authorities to prevent residents from leaving Wuhan and uncertainty persisting about quite how the threat to public health might evolve, Daiwa Capital Markets reported.
So, ahead of the extended closure of its markets for the Lunar New Year holiday, China’s stocks fell sharply today, with the CSI300 closing down 3.1 percent to the lowest level since Christmas, the report added.
Meanwhile, the S&P 500 Futures remained flat at 3,319.38 by 11:30GMT.
