Good morning. Quarter-end in markets, dwindling oil stockpiles and a raid by French regulators. Here’s what people are talking about.
Stocks rose in Asia on the last trading day of the quarter amid optimism over spending during China’s Golden Week holiday and on talks of a possible meeting between US and China leaders. The dollar declined. The MSCI Asia Pacific Index has still fallen almost 4% since the end of June, the biggest quarterly decline since September 2022. Treasury yields rose in Asia after slipping from 16-year highs in New York following weaker-than-expected consumer spending data and dovish Fed comments. The US 30-year yield is on track for the largest quarterly increase since 2009.
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