In Asian Equity Markets Japan’s Nikkei share average rose on Thursday, rebounding from a near three-month low touched in the previous session, tracking Wall Street’s sharp gains overnight that was driven by falling Treasury yields. The Nikkei gained 0.25 percent to 26,238.32. Both the blue-chip CSI300 index and the Shanghai Composite Index had gained 0.3 percent by the lunch break, to 3,841.59 and 3,053.33, respectively. The Hang Seng index climbed 1.3 percent to 17,466.89, bouncing from an 11-year low hit in the previous session. The Hong Kong China Enterprises Index gained 1.2 percent.

In Currency Markets most Asian currencies fell on Thursday, taking little support from a recent decrease in the dollar as fears of rising interest rates and a looming recession kept the greenback close to 20-year highs. The dollar index rose 0.7 percent to 113.30. The risk-sensitive Australian dollar sank 0.7 percent to $0.6478. New Zealand’s currency fell 0.8 percent to $0.5685. Sterling was 0.8 percent lower at $1.0798 by mid-session in Asia and the euro weakened 0.6 percent to $0.9679, as the U.S. dollar regained its footing.

In US Equity Markets stocks ended sharply higher on Wednesday following its recent sell-off, helped by falling Treasury yields, while Apple fell on concerns about demand for iPhones. The Dow rose 1.88 percent to end at 29,683.74 points, while the S&P 500 gained 1.97 percent to 3,719.04. Biogen Inc rose 40 percent after saying its experimental Alzheimer’s drug, developed with Japanese partner Eisai Co Ltd, succeeded in slowing cognitive decline. Eli Lilly & Co, which is also developing an Alzheimer’s drug, jumped 7.5 percent, and it was among the biggest boosts to the S&P 500 index.

In Commodities Markets oil prices rose on Wednesday for a second day, rebounding from recent losses as the U.S. dollar eased off recent gains and U.S. fuel inventory figures showed larger-than-expected drawdowns and a rebound in consumer demand. Brent crude futures settled up 3.5 percent, at $89.32 per barrel. U.S. WTI crude futures ended up 4.7 percent, to $82.15 a barrel. Spot gold climbed 2 percent to $1,660.62 per ounce. Meanwhile, silver gained 2.7 percent to $18.92 per ounce. Platinum advanced 1.5 percent to $861.32 and palladium jumped 3.2 percent to $2,153.51.

In European Equity Markets stocks gained on Wednesday, with the UK’s blue-chip index reversing losses after the Bank of England said it would purchase bonds to cool a turmoil in markets stemming from the British government’s fiscal plans. The continent-wide STOXX 600 index was up 0.3 percent after falling nearly 2 percent earlier in the session. Shares of fish farmers such as Mowi, Leroy Seafood and SalMar fell between 18 percent and 30 percent after the Norwegian government proposed a resource tax on salmon and trout farming of 40 percent from the tax year 2023.

In Bond Markets U.S. Treasury prices rebounded sharply on Wednesday after the Bank of England said it would buy long-dated British bonds in a moved aimed at restoring financial stability in markets rocked globally by the fiscal policy of the new government in London. The breakeven rate on five-year U.S. Treasury Inflation-Protected Securities (TIPS) was last at 2.358 percent. The 10-year TIPS breakeven rate was last at 2.304 percent, indicating the market sees inflation averaging about 2.3 percent a year for the next decade.