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...
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...