European Gas Jumps, While The Euro And Yen Slump – Investing.com

European Gas Jumps, While The Euro And Yen Slump – Investing.com

The prospects that the 6.2% will prompt the Fed to move quicker continue to underpin . The fell to about $1.1265, its lowest level since last September, and the slumped to a fresh four-year low. The JP Morgan Emerging Market Currency Index tumbled 1% yesterday, the largest decline since February. A more stable tone was evident in Europe, as the euro recovered above $1.13, and the JP Morgan Index was paring yesterday's losses. The dollar was holding just below JPY115.00.

Asia Pacific equities did not fare well. Only and markets, among the large regional markets, managed to rise. Europe's was edging higher for the sixth consecutive session. Recall it had fallen only once since Oct. 27. US futures were narrowly mixed.

The bond market was quiet, with the US hovering around 1.62%. European yields were a little softer. slid below $1850 yesterday but snapped back today to test the $1860 area.