Asian stock-index futures fell as concern the U.S. will cut stimulus next month sent Treasury yields (GACGB10) higher and after signs of Asian economic weakness sparked a rout in emerging-market shares. Australian bonds sank a sixth day and gasoline futures extended declines.
Futures on the S&P/ASX 200 Index lost 0.3 percent in Sydney, while Nikkei 225 Stock Average contracts were bid at 13,590 in the Osaka pre-market, after closing at 13,580 in Chicago and 13,770 in Japan yesterday. Standard & Poor’s 500 Index futures were little changed after the gauge declined to a five-week low in New York and 10-year Treasury yields jumped to highest level since 2011. Yields on Australian 10-year debt were headed for the highest close since April, 2012, while gasoline futures due next month decreased a third day.
The MSCI Emerging Markets Index sank the most since July 3 yesterday as faltering growth from India to Indonesia compounds concern the Fed, which publishes minutes of its July meeting tomorrow, will start reducing bond purchases in September. New Zealand central bank Governor Graeme Wheeler may detail new home-loan curbs today, while Everbright Securities Co., the Chinese brokerage whose trading error whipsawed stocks Aug. 16, resumes trading. BHP Billiton Ltd. (BHP) reports earnings.
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