In Asian Equity Markets stocks fell on Friday as the prospect of aggressive interest rate hikes from the Federal Reserve soured investor sentiment, while yen wilted to fresh 32-year lows, with markets on high alert for any sign of intervention. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.64 percent lower but above the two-and-a-half year low it touched on Thursday. Australia’s resources-heavy share index lost 0.73 percent, while Japan’s Nikkei slid below the key 27,000 mark on Friday. The blue-chip CSI 300 Index was up 0.2 percent and the Shanghai Composite Index gained 0.5 percent.

In Currency Markets the dollar strengthened broadly on Friday, punching to fresh 32-year highs above 150 yen, as U.S. Treasury yields climbed to new multi-year peaks amid bets the Federal Reserve will keep raising interest rates despite the risks of recession. The greenback jumped as high as 150.43 yen for the first time since August 1990 before last trading up 0.16 percent at 150.38. The euro fell 0.22 percent to $0.97645, after tracking the move in sterling to an overnight high of $0.98455. The Aussie fell 0.41 percent to $0.6257, while New Zealand’s kiwi sank by about the same margin to $0.5652.

In US Equity Markets stocks closed lower on Thursday as data on the labor market and comments from a U.S. Federal Reserve official reinforced expectations the central bank will be aggressive in hiking interest rates outweighed a flurry of solid corporate earnings. The Dow fell 0.3 percent, to 30,333.59, the S&P 500 lost 0.80 percent, to 3,665.78 and the Nasdaq Composite fell 0.61 percent, to 10,614.84. Tesla Inc lost 6.65 percent as the electric-vehicle maker flagged persistent logistics challenges, with fourth-quarter deliveries growing by less than the aimed 50 percent.

In Commodities Markets oil prices were near flat during a choppy trading session on Thursday, as worries about inflation dampening demand for oil contended with news that China is considering easing COVID-19 quarantine measures for visitors. Brent crude futures fell 3 cents to settle at $92.38 a barrel. WTI for December delivery edged down 1 cent at $84.51 per barrel. Spot gold rose 0.1 percent to $1,629.75 per ounce. Elsewhere, silver rose 1.3 percent to $18.67 per ounce, platinum was up 3.1 percent to $911.21, while palladium gained 3 percent to $2,060.48.

In European Equity Markets stocks rose on Thursday after Liz Truss said she was resigning as the United Kingdom’s prime minister, brought down by her economic programme that wrecked havoc on markets. The region-wide STOXX 600 closed 0.3 percent up after flirting between gains and losses right after the announcement in London. More than half of the sectors advanced, with tech rising 1.94 percent. Telecom was the biggest loser, down 2.5 percent. Adding to the concerns, data on Thursday showed German producer prices rose more than expected in September, as energy prices rose.

In Bond Markets U.S. benchmark 10-year Treasury yields continued surging on Thursday, hitting fresh 14-year peaks as U.S. economic data showing persistent labor tightness reinforced investor bets that the Federal Reserve would keep raising interest rates aggressively. The 10-year Treasury yield rose to as much as 4.228 percent, its highest level since June 2008. It was last up nearly 10 basis points (bps) at 4.2283 percent. U.S. 30-year yields rose to a new 11-year peak of 4.225 percent. They last traded up 9.5 bps at 4.2213 percent. The two-year Treasury yield hit its highest since August 2007, at 4.619 percent.