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While waiting for the Fed minutes, what is happening in the markets today?

The markets today are focused on the publication of the Fed minutes, expected this evening at 8.00 pm Italian time.
The US central bank is at the center of attention especially since bets have spread on an imminent start of interest rate cuts, justified by favorable macro data such as the easing of inflation and the weakening of the world of work.
In the Asian session, stocks rose to hit new two-month highs, taking cues from Wall Street's strong overnight performance.
The dollar continued to show weakness on expectations of the more dovish Federal Reserve.
At the close of trading, however, the Chinese indices turned downwards, as did the Japanese Nikkei.
In Asia, in addition to expectations on US monetary policy, it is China that attracts investor interest.
The dragon remains balanced between the commitment to a recovery, especially in the real estate sector, and the weakness of domestic demand.
With the wait for the Fed minutes in focus, let's see what happens in the markets today.
On the day of the Fed minutes, Wall Street celebrates Shares increased overnight on Wall Street, with the 1% jump in the Nasdaq which led the gains thanks also to Microsoft.
The company hit a record high after hiring Sam Altman, who was head of OpenAI until he was fired late last week.
Stock markets rebounded broadly in November, largely on the back of a slew of macroeconomic data suggesting the slowdown in U.S.
inflation is progressing.
Investors have therefore increased their bets on a Fed that has now reached the end of its monetary tightening.
Additionally, Treasury yields were lower on the back of strong bidding in Monday's $16 billion sale of 20-year Treasuries.
These dynamics suggest that the market still expects inflation to decelerate and that the Fed will cut rates next year.
read also Fed surprise: rate cut to 2.75% in 2024.
The forecast The yield on 10-year Treasury bonds fell by 2.9 basis points to 4.393%, while the yield on 30-year Treasury bonds is fell 4.2 basis points to 4.533%.
The greenback weakened further against all of its Group of 10 counterparts on Tuesday on bets that US rates could top out.
The offshore yuan strengthened above the daily fix for the first time since July.
Dollar weakness led the yen to a fourth day of gains and pushed a benchmark of emerging market currencies to its best performance since 2017.
Not just Fed, Asia eyes China Asia-Pacific markets recorded a mostly up session, led by gains in Chinese real estate stocks.
Towards the end of the session, however, the Chinese indices and the Nikkei lost their initial momentum to close in the red.
Chinese real estate stocks rose after Bloomberg reported, citing people familiar with the matter, that Chinese regulators are compiling a list of 50 developers eligible for a round of financing, including China Vanke and Longfor Group Holdings.
The real estate sector is the most observed by traders.
China's real estate market, which makes up a substantial part of the country's economy, needs more government support to prevent it from deteriorating further, analysts say.
Existing home prices fell in October to the highest level since 2014, while outstanding home loans fell for the first time in history, Larry Hu, chief economist at Macquarie, said in a note on Friday.

Author: Hermes A.I.

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