- After traders reduced their bets on Federal Reserve rate increases, Asian markets increased to keep pace with Wall Street, with gains being fueled by anticipation of additional Chinese stimulus.
- The longest winning streak since early September was predicted for a benchmark for Asian equities as it climbed for a sixth day. The president of the Fed Bank of San Francisco, Mary Daly, said that tighter financial conditions would mean the central bank "doesn't have to do as much," the most recent in a series of dovish comments that gave rise to optimism that interest-rate hikes may have reached their end for the time being.
- While mainland shares rose in response to a report that China is considering increasing its budget deficit as the government gets ready to unleash new stimulus, Hong Kong equity indices surged, led by tech sectors.
- After Tuesday's advances, when US government bond rates experienced some of their greatest one-day drops of the year, ten-year Treasuries stabilised. More over 60% of Fed swaps presently predict that the central bank will remain on hold in December, up from 60% odds just one week ago.
