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...
Business sentiment in Germany weakened even further in September, the fifth consecutive month of decline, with the economic outlook remaining bleak in Europe's largest economy, according to a survey of companies. The Ifo business-climate index declined slightly to 85.7 in September from a revised 85.8 in...
The U.S. dollar edged higher, just below the recent six-month high, making a steady start to the new week as traders digested last week’s series of central bank interest rate decisions. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket...
European markets opened lower Monday as investors reflected on a spate of central bank decisions last week and the prospect of higher-for-longer interest rates. The pan-European Stoxx 600 index was down 0.3% in early trade, with all sectors in negative territory. Mining stocks led losses with...
Japanese stocks rise as yen remains weak in the wake of Bank of Japan’s decision on Friday to keep policy unchanged. Topix rose 0.2% to 2,380.18 at 9:01 a.m. in Tokyo Nikkei 225 advanced 0.2% to 32,478.26 Sony contributed the most to the Topix’s gain, adding 0.7%. Out of 2,157...
Gold was steady after traders slightly unwound bets on another rate hike this year, with key US inflation data due this week set to show a deceleration. The annual core metric that strips out food and energy from the Federal Reserve’s preferred inflation measure may have fallen below...
The yen approached the closely watched 150 per dollar level on Monday and kept traders on intervention watch after the Bank of Japan and Governor Kazuo Ueda quashed hopes of any imminent move away from its stark ultra-loose monetary policy. In the broader currency market, the...
Asian shares were hesistant on Monday after central banks last week reinforced the message that interest rates will stay higher for longer, while investors braced for inflation data from the U.S. and Europe. Markets will also be looking for further clues on whether China's economy is...