Markets rebound as U.S. bond yields decline, with investors awaiting Nvidia earnings and key U.S. inflation figures later this week.
Asian equities climbed Wednesday, mirroring Wall Street gains as long-term U.S. Treasury yields retreated sharply. The move eased pressure on risk assets, though trading volumes remained muted ahead of high-impact events.
Investors are focused on Nvidia’s quarterly earnings report and the U.S. Personal Consumption Expenditures (PCE) price index, a key inflation gauge for the Federal Reserve. Both releases could sway market sentiment and Fed policy expectations.
The yield on 10-year U.S. Treasuries fell below 4.3% in overnight trading, supporting equities. Regional markets tracked the positive tone, though caution prevailed amid uncertainty over inflation trends and corporate earnings.