Global markets steadied on Wednesday as a rebound on Wall Street and a pause in this week's bond and cryptocurrency selloff lifted risk sentiment. Nasdaq and S&P 500 futures gained 0.2 per cent, while EUROSTOXX 50 futures added 0.3 per cent and FTSE futures rose 0.1 per cent. Japan's Nikkei rose 1.5 per cent, though broader Asian shares eased amid losses in China, where the CSI300 fell 0.26 per cent and Hong Kong's Hang Seng dropped 1.2 per cent on renewed concerns over slowing services activity and the prolonged property downturn. Bond markets were calmer, but Japanese government bonds remained under pressure as investors increased bets on a Bank of Japan rate hike this month, pushing the 10-year yield to its highest level since 2008 at 1.885 per cent. US Treasury yields edged lower, with the two-year at 3.500 per cent. With major catalysts absent, attention shifted back to expectations of a Federal Reserve rate cut next week, supporting equities and weighing on the dollar. The euro rose to $1.1642, sterling to $1.3236, and the dollar slipped to 155.66 yen. Bitcoin reclaimed $90,000 to reach a two-week high. Attribution: Reuters
