Morning Bid: Bond selloff pauses on Powell, dollar wilts
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A pause in the global bond market selloff, stabilization on Wall Street, and a softer dollar should all help support Asian markets on Thursday. Federal Reserve Chair Jerome Powell reiterated that policymakers can take their time deliberating over when to deliver their first rate cut. U.S. Treasury Secretary Janet Yellen is visiting China as evidence mounts that the economy may finally be emerging from its post-lockdown funk. The recent whittling away of U.S. rate cut expectations has recently begun to squeeze bond and stock markets around the world. China's tentative recovery is also supporting the continued rise in global commodity prices. Investors will be wary of further aftershocks following a 7.2 magnitude earthquake that rocked Taiwan on Wednesday. India's services PMI figures will be closely watched to see if they match the strength of the manufacturing PMI earlier this week.

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https://www.investing.com/news/economy/morning-bid-bond-selloff-pauses-on-powell-dollar-wilts-3364663