Markets Assess Known Risks At Start Of FOMC Week

Below gives key levels of markets in the second half of the Asia-Pac session:

• Nikkei 225 down 213.65 points at 27701.01
• ASX 200 up 1.301 points at 6792.80
• Shanghai Comp. down 23.272 points at 3246.702
• JGB 10-Yr future up 51 ticks at 150.26, yield down 3.1bp at 0.184%
• Aussie 10-Yr future up 10.5 ticks at 96.625, yield down 10bp at 3.340%
• U.S. 10-Yr future -0-00+ at 119-28, yield up 3.27bp at 2.783%
• WTI crude down $0.67 at $94.03, Gold down $1.06 at $1726.57
• USD/JPY up 8 pips at Y136.20
• CHINA STRENGTHENS WARNING TO US ABOUT PELOSI’S PLANNED TAIWAN TRIP (FT)
• RUSSIAN ODESA MISSILE STRIKE TESTS UKRAINE GRAIN EXPORT DEAL (BBG)
• U.S. ECONOMY SLOWING, BUT RECESSION NOT INEVITABLE, YELLEN SAYS (RTRS)
• ECB WILL RAISE RATES UNTIL INFLATION FALLS BACK TO 2%, LAGARDE SAYS (RTRS)
• ECB MAY ENDURE MODERATE RECESSION TO HALT PRICES, HOLZMANN SAYS (BBG)
• CONSERVATIVE PARTY MEMBERS STILL LOOK TO LIZ TRUSS (THE TIMES)
• SIEMENS GIVES GAZPROM NORD STREAM 1 TURBINE DOCUMENT (KOMMERSANT)
• CHINA PLANS REAL ESTATE FUND TO HELP SUPPORT DEVELOPERS (REDD)