A look at the day ahead in Asian markets from Jamie McGeever.
is pushing up global bond yields, but investors in Asia with a glass half full outlook on Thursday might want to latch on Wall Street's volatility., also known as Wall Street's fear gauge, fell on Wednesday to its lowest point since November 2021, and is below the average of the last 5, 10, 15 and 20 years.
Maybe investors are so underweight and short equity they don't need downside protection, or the market's resilience - still up 8% this year and up 10% from last month's banking shock low - has calmed the horses.Either way, extremely low U.S. volatility generally bodes well for other stock markets.
This matters for the rest of the world because it is a stark reminder of how sticky inflation can be and a warning to central banks that have paused their hiking cycles - of which there are several in Asia - to guard against complacency.
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