Flare-up of Sino-U.S. tensions over Hong Kong knocks world shares off 22-month high

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Flare-up of Sino-U.S. tensions over Hong Kong knocks world shares off 22-month high
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World stocks were knocked off 22-month highs on Wednesday as a renewed flare-up ...

Wall Street was tipped for a weaker start with futures ESc1 down 0.2%.

U.S. 10-year Treasury yields, which have fallen in six out of the past seven sessions, slipped 5 basis points to 1.735%, a 2-1/2 -week low US10YT=RR. Japan’s October exports fanned those fears further, tumbling at their quickest rate in three years, with shipments to China and the United States suffering big falls.

But Federal Reserve officials have hinted there will be no further easing for now, a message the U.S. central bank may reiterate later in the day when it releases minutes from its last meeting. Markets are now pricing in just a 0.8% chance of a December rate cut FEDWATCH.

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