The pound headed for its biggest two-day jump in almost a year, U.K. share-index futures rose and Treasuries fell as results showed Scotland voting to reject independence. The yen fell, while Japanese equities and U.S. stock-gauge futures climbed.
The pound gained 0.6 percent to $1.65 by 12:47 p.m. in Tokyo, taking its two-day advance to 1.4 percent, and FTSE 100 Index futures added 0.7 percent. The yield on 10-year Treasuries climbed three basis points while S&P 500 futures advanced 0.4 percent following another record in New York. The Topix index increased 1 percent as the yen plunged through 109 per dollar to trade at the lowest since August 2008. Malaysian bonds rose after the central bank held rates. Wheat hit a four-year low.
With 19 of 32 districts reporting, the count showed 55 percent of people voting against independence, exceeding the prediction of a YouGov Plc poll that put support for the ‘No’ camp at 54 percent, versus 46 percent for ‘Yes.’ About $145 billion was added to the value of global equities yesterday as U.S. jobless data beat estimates a day after the Federal Reserve pledged to keep rates near zero for a considerable time after ending bond purchases. Alibaba Group Holding Ltd. (BABA) raised $21.8 billion selling shares in the biggest U.S. initial public offering.
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