Hong Kong advanced by 4%, Shanghai by 3.2% and Shenzhen by 5.1%. Other Asian stock markets were weak, discounting expectations for a rapid rate cut by the Fed.
Futures on Wall Street and Europe rose slightly after yesterday's sluggish session. Treasury yields, after the strong rises of the last two days, fueled by the solidity of the American economy and less rosy expectations on rates, fell a couple of basis points. On the raw materials front, oil was little moved (+0.2%), with the WTI close to 73 dollars a barrel.