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Stocks fell, Brent crude rose as much as 3% to $107.16 a barrel and 30-year Treasury yields climbed to 5.517%, near the highest since 2004. The dollar firmed, gold fell 3% and the yen strengthened after Japan's top currency diplomat warned against excessive falls.
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but
Australia's Wage Price Index rose 3.2% year over year, matching the 3.2% forecast and easing from 3.3% previously.
Australia's Q2 wage price index rose 3.2% year over year on a seasonally adjusted basis, matching the poll.