Asian stocks are declining and the high returns of Chinese bonds before US work data

Asian stocks and US futures have dropped with caution before issuing work data that will determine the features of interest rates for the Federal Reserve. The shares fell in Japan and Australia, while the shares opened in Hong Kong. The “S&P 500” index fell for the second day after the US markets closed on Thursday to mourn former President Jimmy Carter. The MSCI index entered the rising shares in a correction phase after falling by more than 10% of its highest level in October, reflecting a state of uncertainty about US policies and growth prospects in China. US bonds have risen in Asian trading after a wave of sale this week that paid the yield of the mortgage for 30 years at the highest levels since 2023. Chinese returns also rose after the Chinese bank announced a temporary remark to buy government bonds, a surprising step that came after the record return dropped to the lowest level ever. “It should help stop the decrease in the yields of Chinese ties and indirectly support the yuan by reducing the gap between Chinese and US yields a bit. If US yields continue to rise, the pressure on the yuan will remain.” The global financial markets were volatile at the beginning of the year, with the increase in US mortgage returns, as investors changed their expectations over the pace of federal interest reserves. Many federal officials on Thursday emphasized that interest rates will remain at their current levels for a long time and will not be reduced unless the inflation delays significantly. “The Federal Reserve is concerned about the upcoming administration,” says Skyler Wenand, investing in ‘Rigan Capital’ TV. The Japanese yen supported and the dollar index was stable after the rise for three days. As far as the yen is concerned, it is set at about $ 158. Traders are awaiting the possibility of Japan’s intervention to support the yen, as the next US job report is a possible incentive for sharp currencies. Non -agricultural data in the United States is expected on Friday a slowdown in employment in a strong labor market. The average estimates indicate that the US economy added 165,000 jobs in December. The unemployment rate is expected to remain stuck at 4.2%, with a slight slowdown in the growth of the average wages compared to the previous month. “While the momentum is declining, we still expect a relatively fixed increase in the number of posts. We also expect the unemployment rate to remain unchanged at 4.2%, with the possibility of momentum loss in wages growth due to favorable seasonal factors,” said Oscar Monuz and Gennadi Goldberg of TD Securities. On the other hand, the pound sterling fell to its lowest level in more than a year. British effects have decreased for fear that the British workers’ government is having trouble controlling the deficit as the borrowing costs. The return on Australian bonds has increased for ten years. According to the Ian Lingan and BMO markets, US work data will provide an important test for the market’s expectations on the ‘strict monetary policy of the federal reserve’. They pointed out that the increase in effects indicates that the trends before the work data will be more balanced, despite the tendency towards a strong report on the posts. They said: “The tendency due to the current scene will leave the US bond market ready to respond stronger in the event of negative surprises compared to the sales pressure that could arise from a strong report.” In corporate news, the shares of the Blocs Group Ltd, the famous Chinese games manufacturer of the “Altraman” and “Transformers” characters with 82% in his first trading in Hong Kong. The price of oil has risen for the second day, as the declines of US stocks instead of more indicators on economic weakness in China, the largest oil importer.