In Asian Equity Markets indices traded cautiously on Wednesday morning. The Shanghai composite fell almost 0.2 percent while the Shenzhen component lost 0.3 percent. The Shenzhen composite also declined by about 0.36 percent. Hong Kong’s Hang Seng index also fell 0.10 percent. Japan’s Nikkei 225 saw fractional gains.  Shares of Apple supplier Japan Display jumped 10 percent, following a report that the company is looking for a bailout after disappointing sales of the iPhone XR. Japan Display supplies the liquid crystal display screens used in the iPhone XR.

In Currency Markets the U.S. dollar fell against the Japanese yen on Tuesday, as worries about flagging global growth and concerns about continuing U.S.-Chinese trade tensions drove investors to seek out safe-haven assets. The dollar was 0.41 percent lower against the yen, which tends to benefit during geopolitical or financial stress as Japan is the world’s biggest creditor nation. In another sign of risk aversion, the Australian dollar, often used as a liquid proxy for China investments, eased 0.45 percent to $0.7126.

In Commodities Markets oil prices were steady on Wednesday on hopes that increased Chinese spending would stem an economic slowdown that is showing signs of spreading and has been weighing on financial markets. International Brent crude oil futures were at $61.49 per barrel, virtually unchanged from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $52.98 per barrel, 3 cents below their last settlement. The steadier prices followed a 2-percent fall in crude futures  on Tuesday.

In US Equity Markets stocks ended lower on Tuesday, snapping a four-session rally, as a gloomy global economic growth outlook, trade concerns and disappointing company forecasts dampened sentiment. The S&P 500 fell 1.41 percent, to 2,633.1 and the Nasdaq Composite declined 1.91 percent, to 7,020.36. Of the 11 major sectors of the S&P 500, all but utilities closed lower.  Johnson & Johnson fell 1.4 percent after its 2019 sales forecast fell short of analyst expectations. Shares of Stanley Black & Decker Inc declined 15.5 percent after its disappointing 2019 forecast.

In Bond Markets U.S. Treasury yields fell on Tuesday as investors shifted some cash back into the bond market, prompted by worries over slowing global growth and trade tensions between China and the United States. A record-long U.S. government shutdown also fed safe-haven demand for Treasuries, with benchmark 10-year yields retreating from three-week peaks set last week. The yield on benchmark 10-year Treasury notes was 2.737 percent, down 4.5 basis points from Friday’s close. It reached a three-week peak at 2.799 percent on Friday.