Powell & Co. Outline Inflation Frustration

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

• Nikkei 225 up 28.57 points at 29574.13
• ASX 200 up 124.685 points at 7321.4
• Shanghai Comp. up 13.164 points at 3549.458
• JGB 10-Yr future down 6 ticks at 151.36, yield down 0.7bp at 0.071%
• Aussie 10-Yr future up 1.0 tick at 98.500, yield down 1bp at 1.475%
• U.S. 10-Yr future +0-05+ at 131-20+, yield unch. at 1.517%
• WTI crude down $0.09 at $74.74, Gold up $6.21 at $1732.58
• USD/JPY down 2 pips at Y111.94
• FED CHAIR POWELL CALLS INFLATION 'FRUSTRATING' AND SEES IT RUNNING INTO NEXT YEAR (RTRS)
• FED'S DALY SEES YEAR-END TAPER, 2022 RATE HIKE UNLIKELY (MNI)
• ECB'S LAGARDE FLAGS BOTTLENECKS, ENERGY AND VIRUS AS KEY RISKS (RTRS)
• BOE'S BAILEY SEES UK ECONOMY TAKING LONGER TO REGAIN PRE-PANDEMIC SIZE (RTRS)
• CHINESE M'FING PMIS VIRTUALLY INLINE, OFF'L NON M'FING FIRMER THAN EXP.
• EVERGRANDE RESUMES BUILDING OF ABOUT 20 GUANGDONG HOME PROJECTS (BBG)