Oil edged higher as a rapidly tightening market outweighed strength in the dollar and a risk-off tone in broader financial markets driven by the likelihood interest rates will stay higher for longer. West Texas Intermediate rose toward $91 a barrel after closing up 0.8% on Tuesday. The premium for near-term...
Japanese equities fell after US consumer confidence hit a four-month low, renewing worries over the world’s largest economy and the impact of higher borrowing costs. Topix Index fell 0.8% to 2,352.84 as of 9:01 a.m. Tokyo time Nikkei declined 1% to 32,007.30 Mitsubishi UFJ Financial Group contributed the most to...
The dollar traded near a 10-month high against its major peers on Wednesday as Treasury yields stayed elevated on the prospect of higher-for-longer U.S. rates, while the yen stumbled towards a closely-watched intervention zone. Sterling slid to a fresh six-month low of $1.2145 in early Asia...
Gold prices are flat in early Asian trade as U.S. Treasury yields surge to multiyear highs amid a recent bond selloff. Investors are adjusting to the expectation that the Federal Reserve is unlikely to ease policy next year, ANZ analysts say in a research note. Meanwhile,...
Bank of Japan policymakers agreed on the need to maintain ultra-loose monetary policy but were divided on how soon the central bank could end negative interest rates, minutes of its July meetingshowed on Wednesday. One member said there was "still a significantly long way to go"...
Oil’s march toward $100 a barrel remained on pause as the impact of a rapidly tightening market was offset by gains in the dollar that made crude more expensive for many buyers. West Texas Intermediate was steady near $90 a barrel after slipping 0.4% on Monday. Surges in...
Oil’s march toward $100 a barrel remained on pause as a rapidly tightening market was balanced concerns that central banks will keep interest rates higher for longer. West Texas Intermediate was steady near $90 a barrel after slipping 0.4% on Monday. Macroeconomic headwinds — including the risk of...
Gold held losses after the dollar rallied to its highest level this year and US bonds extended a selloff, as consensus for a likely higher-for-longer rate scenario continued to build momentum across markets. The yield on 10- and 30-year Treasury notes surged to new multiyear highs on Monday, with...
The dollar stood by 10-month highs against a basket of major currencies on Tuesday, supported by U.S. bond yields scaling 16-year peaks, while the yen tiptoed deeper into the intervention danger zone. A combination of resilient economic data, hawkish Federal Reserve rhetoric and a budget deficit...
Japanese stocks decline as investors weigh the impact of a surge in US Treasury yields, and the yen remains under pressure. Topix Index falls 0.2% to 2,380.22 as of 9:01 a.m. Tokyo time Nikkei drops 0.3% to 32,569.58 Daiichi Sankyo Co. contributes the most to the Topix Index decline, decreasing 2.6%. Out...