Despite US President Trump’s statement that he would hold off on launching new attacks on Iran, the stock market fell due to lingering concerns over the situation in Iran. Oil prices also dropped as a result. The MSCI Asia-Pacific stock index dropped 0.5%, and U.S. stock futures fell 0.1%. The optimism brought by Trump’s speech […]
The ongoing stalemate in the Iran war has pushed up oil prices, and the global bond sell-off has continued, heightening concerns over inflation and increasing market expectations that central banks around the world will need to keep tightening monetary policy. The yield on 30-year US Treasuries rose to its highest level in nearly three years. […]
Gold is expected to edge lower this week as surging inflation in the US driven by the war has raised expectations of higher interest rates. Gold prices once dropped by 0.8%, approaching $4,615 per ounce, a decline of approximately 2% compared to last Friday. The US wholesale inflation rate in April accelerated to the fastest […]
Goldman Sachs Group said that due to the relatively resilient economic growth, the energy price shock will keep yields at a high level and the US dollar will strengthen further in the short term. The combination of rising inflation and relatively robust economic growth has already meant that yields will remain high for a longer […]
Asian stocks fell for a second consecutive day as the record rally in chip stocks lost momentum and higher US inflation raised expectations that the Federal Reserve may need to raise interest rates next year. Bond prices dropped. The MSCI Asia-Pacific Index dropped 0.5%, with South Korea’s stock market (a barometer for the artificial intelligence […]
Japanese Finance Minister Masako Kato confirmed that her team is closely coordinating with US Treasury Secretary Scott Bessent on monetary policy, indicating that the United States has tacitly approved Japan’s recent suspected market intervention. “Regarding the recent currency movements, we confirm that Japan and the United States have been coordinating very well and maintaining close […]
Asian stocks rose as traders doubled down on artificial intelligence trading, ignoring tensions in the Middle East. Even as US President Donald Trump rejected Iran’s latest peace offer, it pushed up crude oil prices and depressed US Treasury bond prices. The MSCI Asia-Pacific Index rose 0.6%, with technology stocks leading the gains. South Korea, a […]
After Iran fired on three US Navy destroyers sailing through the Strait of Hormuz, the US launched strikes against Iranian military targets. This escalation could undermine the fragile ceasefire agreement and reignite hostilities, despite both sides saying they are discussing ending the war. The US Central Command said in a statement on Thursday that Iran’s […]
The dollar closed at its lowest level since February on Wednesday as investors hoped that the US-Iran war was coming to an end. The US dollar index closed down 0.6% at its lowest level since February 27. Previously, Axios reported that the White House believed an agreement was imminent with Iran on a one-page memorandum […]
US President Donald Trump boasted of progress in reaching a final deal with Iran, which reduced inflationary pressure, causing the dollar to fall and the gold price to continue its upward trend. Gold prices rose by 1.6% at one point, approaching $4,630 per ounce, after climbing 0.8% on Tuesday. The dollar index dropped 0.3%, reducing […]