Yesterday's 10-year note auction in United States turned the equity market lower and this had an impact on Asia Pacific and European activity today. Meanwhile US index futures are narrowly mixed.
In other sectors, Gold is trading quietly in a $2380-$2400 range. September WTI reached $76 a barrel mark yesterday and is a bit softer today straddling the $75 area.

Asia Pacific markets
There are two highlight points within the local Asian session. Japan's weekly portfolio flow data for the week showed Japanese investors were buyers of foreign assets. Meanwhile foreign investors were sellers of Japanese stocks. Second point of the focus, that the Reserve Bank of India kept its repo rate unchanged at 6.50%.
The dollar traded between JPY146.55 and JPY147.65 in the US session yesterday. Today's range is roughly JPY145.45-JPY146.85. Despite what appeared as a consensus of the dovishness of BOJ Deputy Governor Uchida's comments and the setback in the Japanese yen, the swaps market was not persuaded.

European markets
The eurozone and UK have light economic schedules today. The euro continued to consolidate in the lower end of the range above $1.09. Sterling also continues to consolidate within a range. Most of the US activity took place between $1.2730 and $1.2690. Sterling needs to reclaim the $1.2740 area, which could signal a further recovery toward $1.28. A break through the $1.2660 level could signal a move toward $1.2600.

American markets
There is much uncertainty about US labor market developments. But Fed Chair Powell has been clear. As for the inflation, there is one measure that the Fed can use to evaluate prices stability - the PCE deflator. Nevertheless, today the focus is precisely on the initial jobless claims.