Stock markets take stock
The S&P 500 ended a four-day losing skid, bringing a brief respite to one of the worst years for stocks and bonds in more than a decade. Asian stocks fluctuated on Wednesday, but US stock futures increased.
Treasury bond yields are up.
As 10-year yields hit their maximum on Wednesday, the central bank announced a bond-buying operation.
Global equities are down by 5% this year, which is their worst year since 2008, while the Bloomberg World Bond Index is down 16%, which is the largest annual decline since benchmarking started in 1990.
The easing of lockdowns in China and a continual stream of supporting policies enhanced the prospects for a revival in the housing sector, causing oil to post a two-day rise and iron ore to advance further on Tuesday.