• By The Financial District

ASIAN STOCKS, U.S. FUTURES STEADY: BLOOMBERG

Asian stocks were steady Thursday and Treasury yields held an advance after Federal Reserve minutes flagged the possibility of a debate on scaling back asset purchases. Commodities extended declines, Andreea Papuc reported for Bloomberg News.

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Equities fluctuated in Japan, posted modest losses in Hong Kong and China, and rose in Australia. U.S. futures edged down after the S&P 500 pulled back for a third day. The Nasdaq 100 notched a small advance, boosted by late-day gains in tech stocks including Facebook Inc.


The minutes indicated some Fed officials may be open “at some point” to discussing adjustments to the pace of massive bond purchases if the U.S. economy keeps progressing rapidly. The benchmark 10-year Treasury yield was steady after climbing to 1.67%. A dollar gauge trimmed a rally.


Market & economy: Market economist in suit and tie reading reports and analysing charts in the office located in the financial district.

S&P 500 futures fell 0.2% as of 10:37 a.m. in Tokyo. The index retreated 0.3%. Nasdaq 100 contracts shed 0.2%. The gauge rose 0.2%. Japan’s Topix index rose 0.1%. Australia’s S&P/ASX 200 added 0.6%.


South Korea’s Kospi index fell 0.5%. Hong Kong’s Hang Seng index retreated 0.6%. The Japanese yen was at 109.12 per dollar, up 0.1%. The offshore yuan traded at 6.4349 per dollar. The Bloomberg Dollar Spot Index dipped less than 0.1%. The euro was at $1.2182. The yield on 10-year Treasuries was steady at 1.67%.


Australia’s 10-year bond yield was at 1.77%. West Texas Intermediate was steady at $63.29 a barrel after falling 3.3%. Gold was at $1,870.15 an ounce, Ye Xie, Richard Richtmyer and Claire Ballentine reported for Bloomberg News.



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