Global shares set to end September with their worst quarterly performance in a year
European shares rose, helped by gains for luxury stocks, and U.S. equity futures pointed to a firm start for Wall Street later in the day .
“Yields are way to high and will move lower but we’re in that gap between now and when that happens,” James Rossiter, head of global macro strategy at TD Securities in London, said.In London trade on Friday, the 10-year U.S. Treasury yield was down 5 basis points at 4.54%, having risen to a 16-year high on Thursday.
Japan’s Nikkei closed a touch lower, while Chinese markets were closed for a holiday and are on a break next week. There was also a focus on Washington where the Democratic-led U.S. Senate forged ahead on Thursday with a bipartisan stopgap funding bill aimed at averting a fourth partial government shutdown in a decade, while the House began voting on partisan Republican spending bills with no chance of becoming law.
The U.S. dollar index eased 0.40% to 105.79 but hovered near 10-month highs of 106.84 touched earlier this week. The index is up roughly 2% this month and set for second straight month of gains.
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