The safe haven Japanese yen was up 0.3 per cent stronger at Y114.74 per dollar and eyeing a third-straight day of gains.
The Japanese government 10-year bond yield was down 0.8 basis points at -0.03 per cent, but had briefly risen back into positive territory to 0.05 per cent. On Tuesday, the yield on 10-year paper fell below zero for the first time on record, becoming the first 10-year bond of a G7 nation to do so.
Japanese shares hit a fresh 15-month low this morning, surpassing the previous mark hit during January’s savage sell-off that dragged them into bear market territory.
On Tuesday, European stocks tumbled for a seventh day and a gauge of banks slid to its lowest level since 2012 as the global equity rout showed no signs of abating.
The Stoxx Europe 600 Index dropped 1.6 percent to 309.39 at the close of trading, its lowest level since October 2013, sending it into so-called “oversold” territory.
Global stocks have been battered in volatile trading amid investor concern over oil prices, earnings and the strength of the U.S. and Chinese economies, with the MSCI’s All-Country World Index approaching a bear market.
The post Volatile markets amid concerns over global growth, falling oil appeared first on FXTM Blog.