• Stocks in Asia look set for a mixed day with traders hoping for another positive session in China while Japan markets opened lower.
• Japanese shares slipped and government bond yields surged following slightly more hawkish tone by the Bank of Japan. Governor Kazuo Ueda said on Tuesday that the certainty of achieving the BOJ’s projections has continued to gradually increase.
• Equity futures point to gains in Hong Kong and China shares, with positive spillover expected from a near 5% gain in the Nasdaq Golden China Dragon Index overnight. The S&P 500 and Nasdaq 100 closed at all-time highs for a second straight day.
• Stocks have largely been immune to the Federal Reserve’s warnings that interest-rate cuts are some way off. But some corners of Wall Street are starting to question if the rally will endure as swaps traders in the US rein in bets of a March rate cut.