European equities were set to emulate Asia’s lackluster session as concerns on China’s economy and a tight US presidential election dented risk sentiment.
The yen halted a three-day drop.Euro Stoxx 50 futures edged lower, while contracts for US shares advanced. Most Asian equity benchmarks retreated, with losses led by China.
In Japan, Finance Minister Katsunobu Kato said he sees one-sided, rapid moves in the currency market after the yen slumped over 1% against the greenback on Wednesday. Benchmark 10-year US yields dropped three basis points, largely erasing the prior session’s increase when it hit the highest level in almost three months.
A dollar gauge fell while oil prices rebounded after retreating on Wednesday as traders assessed tensions in the Middle East and the outlook for market balances heading into 2025.
In the US, the presidential contest between Donald Trump and Kamala Harris could hardly be tighter, with the candidates statistically tied among likely voters in each of the seven swing states in the Bloomberg News/Morning Consult poll.
