S&P500 Futures print mild losses, yields dribble as hawkish central bank moves loom amid inflation fears

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• Market sentiment remains downbeat as major central banks cite inflation woes to defend hawkish policies.
• BI, BoE, SNB, CBRT and Banxico Interest Rate Decisions to entertain traders after China-inflicted market boredom.
• S&P500 Futures print four-day downtrend, bond yields remain indecisive as Fed’s Powell fail to impress hawks despite confirming inflation fears.
• US-China tension, doubts about Beijing’s optimism also weigh on sentiment amid sluggish session.

China holidays join fears of “higher for longer” interest rates to offer a boring but downbeat Asian session on Thursday. While portraying the mood, Wall Street closed in the negative zone for the third consecutive day while the US Treasury bond yields remained intact after a volatile day. It should be noted that the S&P500 Futures mildly offered for the fourth consecutive day near 4,405 whereas the US benchmark yields stabilize by the press time.