Investors turn to cash on lack of further progress in US-China talks

Asian equities took over a flat-to-negative market on Tuesday, following a trading session painted in red both in European and US equity markets. But that capital didnt flow into the sovereign bond markets, nor into gold.

Investors continued winding down their sovereign bond holdings. European government bond yields extended their advance to highest levels in the last three to four months. The US 10-year yield opened above 1.90% mark following Mondays Veterans Day break.

Gold shortly dived below the $1450-support an ounce.

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Opening calls

FTSE to open 6 points higher at 7335

DAX to open 19 points higher at 13217