The pound headed for its biggest two-day jump in almost a year, U.K. share-index futures rose and Treasuries fell as results showed Scotland voting to reject independence. The yen fell, while Japanese equities and U.S. stock-gauge futures climbed.
The pound gained 0.6 percent to $1.65 by 12:47 p.m. in Tokyo, taking its two-day advance to 1.4 percent, and FTSE 100 Index futures added 0.7 percent. The yield on 10-year Treasuries climbed three basis points while S&P 500 futures advanced 0.4 percent following another record in New York. The Topix index increased 1 percent as the yen plunged through 109 per dollar to trade at the lowest since August 2008. Malaysian bonds rose after the central bank held rates. Wheat hit a four-year low.
With 19 of 32 districts reporting, the count showed 55 percent of people voting against independence, exceeding the prediction of a YouGov Plc poll that put support for the ‘No’ camp at 54 percent, versus 46 percent for ‘Yes.’ About $145 billion was added to the value of global equities yesterday as U.S. jobless data beat estimates a day after the Federal Reserve pledged to keep rates near zero for a considerable time after ending bond purchases. Alibaba Group Holding Ltd. (BABA) raised $21.8 billion selling shares in the biggest U.S. initial public offering.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.