Global Equities Rebounded from Losses as Traders Shifts Focus to Corporate Earnings

Asian stocks erased looses from earlier session on Thursday as traders in the U.S. pause bond sell and turned focus to corporate earnings. Sentiment in the Asian markets boost after China has cut its benchmark lending rate for corporate and household loans for a second straight month on Thursday.

Mortgage reference rates has been lowered for the first time in nearly two years.

The SET inched down on close by 0.08%. However, KOSPI, TOPIX, CSI 300 and HSI closed in the positive up by 0.72%, 0.98%, 0.90% and 3.42% respectively. The MSIC broad market Asia index ex Japan is down by 0.92%.

U.S. futures S&P500, Dow Jones and Nasdaq 100 is up by 0.40%, 0.31% and 0.65% respectively.

Crude oil prices slipped on Thursday after hitting highs seen in 2014 supported by strong demand and short-term supply disruptions. The WTI inched down by 0.45% to $86.57 per barrel while the Brent is down by 0.43% to $88.07 per barrel.