Asian Currencies Consolidate as Traders Assess U.S.-China Agreement
0117 GMT — Asian currencies consolidate against the dollar in the morning session as traders assess the U.S.-China agreement on a framework to ease trade tensions. Representatives from the two countries said the framework would essentially restore a pact they agreed to in Switzerland last month, a deal that saw both sides reduce tariffs. However, the negotiators refrained from disclosing exactly what they had agreed to as part of the framework, which may result in continued uncertainty over the trade truce. USD/JPY is steady at 144.91; USD/KRW edges 0.1% lower to 1,364.40; AUD/USD is 0.1% lower at 0.6519. (ronnie.harui@wsj.com)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
36 minutes ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq futures slide ahead of fresh inflation data, as Trump renews tariff threat
US stock futures pulled back on Thursday ahead of a fresh batch of inflation data, as President Trump renewed his threat to impose "take it or leave it" tariffs on trading partners. Dow Jones Industrial Average futures (YM=F) fell roughly 0.7%, or almost 300 points, while S&P 500 futures (ES=F) dropped 0.5%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) also moved 0.5% lower. Stocks are staying downbeat after the S&P 500 (^GSPC) snapped this week's run of wins, as investors add growing tensions in the Middle East to worries over Trump's trade policy, including the fragility of the US-China detente. For now the spotlight is on the May reading on wholesale inflation due later, after its consumer counterpart showed an easing in price pressures in the wake of Trump's "reciprocal" tariff hikes in April. Further hints that tariffs are sparing inflation could put the Federal Reserve in a tight spot ahead of its policy meeting next week. Bets on interest-rate cuts this year have mounted, but analysts expect officials to maintain their wait-and-see approach to economic data and policy decisions. While investor focus is shifting back to the Fed, Wall Street is still closely following the latest twists and turns in Trump's tariff policy in the hunt for clarity. Read more: The latest on Trump's tariffs US trading partners will get letters within a week or two to set their unilateral tariff rates, Trump reiterated on Wednesday, renewing the threat of no-deal hikes. 'At a certain point, we're just going to send letters out. And I think you understand that, saying this is the deal, you can take it or leave it,' the president said at the Kennedy Center in Washington. Meanwhile, Treasury Secretary Scott Bessent told Congress it's "highly likely" that countries in trade negotiations with the US will see an extension of the 90-day tariff pause, currently set to expire July 9. Boeing stock fell on Thursday by 8% in premarket trading after an Air India aircraft carrying over 200 people crashed minutes after taking off from the western Indian city of Ahmedabad. Aviation tracking site Flightradar24 said the plane was a Boeing 787-8 Dreamliner, one of the most modern passenger aircraft in service. Air India confirmed the plane, which was headed to Gatwick Airport in the UK, crashed in a civilian area near the airport, but have not specified if there are any fatalities. It is still not clear what caused the crash. According to Reuters, Boeing confirmed it was aware of the crash and was working to gather more information. The news comes as the planemaker is trying to rebuild trust relating to the safety of its jets and increase production under new Chief Executive Officer Kelly Orthberg. "here's revised fears of the problems that plagued Boeing aircraft and Boeing itself in recent years," said Chris Beauchamp, analyst at IG Group. Economic data: Producer Price Index (May); Initial jobless claims (week ending June 7) Continuing claims (week ending May 31) Earnings: Adobe (ADBE), Lovesac (LOVE), RH (RH) Here are some of the biggest stories you may have missed overnight and early this morning: Boeing stock slides after plane crashes in India The $11 trillion gap in costing Trump's 'big, beautiful' bill Gundlach: 'Reckoning is coming' for US debt Trump says he will set unilateral tariff rates within weeks Americans flunk on retirement literacy. Here's why it matters. Nvidia, Samsung to take stakes in robot AI startup Skild US long-dated debt faces crucial test in $22 billion auction Oracle stock jumps as AI boosts revenue forecast Here are some top stocks trending on Yahoo Finance in premarket trading: Oracle (ORCL) stock rose 8% in premarket trading on Thursday after the tech company raised its annual forecast, driven by demand for its AI related cloud services. "Oracle's once-stodgy image levels up to 'cloud-native mage,' and the competitive map now looks less like a classic three-player real time strategy and more like a battle-royale with everyone dropping in, looking for compute loot", said Michael Ashley Schulman, partner at Running Point Capital Advisors. GameStop (GME) shares slumped on Thursday by 11% after announcing a convertible notes offering. The press release said: "GameStop intends to use the net proceeds from the offering for general corporate purposes, including making investments in a manner consistent with GameStop's Investment Policy and potential acquisitions." Boeing (BA) stock fell 8% before the bell on Thursday after a plane crashed in India with more than 200 people on board near the airport in the country's wester city of Ahmedabad. The plane, which was headed to Gatwick airport in the UK, crashed in a civilian area near the airport. Oil prices pulled back early Thursday morning, reversing earlier overnight gains as traders assessed a US decision to pull some diplomats out of the Middle East. The decision to reduce staffing in Iraq came after Iran threatened to hit US assets in the region ahead of its talks with the US over nuclear-related activity. Brent crude futures fell to under $69 a barrel, while West Texas Intermediate crude traded below $68 a barrel — both down around 1%. Prices jumped over 4% on Wednesday amid reports of a potential evacuation. Reuters reports: Read more here. Gold (GC=F) rose for a second day in a row as tensions in the Middle East, coupled with Trump's claims of upcoming unilateral tariffs, pushed risk-averse investors toward the haven commodity. Bloomberg reports: Read more here. Boeing stock fell on Thursday by 8% in premarket trading after an Air India aircraft carrying over 200 people crashed minutes after taking off from the western Indian city of Ahmedabad. Aviation tracking site Flightradar24 said the plane was a Boeing 787-8 Dreamliner, one of the most modern passenger aircraft in service. Air India confirmed the plane, which was headed to Gatwick Airport in the UK, crashed in a civilian area near the airport, but have not specified if there are any fatalities. It is still not clear what caused the crash. According to Reuters, Boeing confirmed it was aware of the crash and was working to gather more information. The news comes as the planemaker is trying to rebuild trust relating to the safety of its jets and increase production under new Chief Executive Officer Kelly Orthberg. "here's revised fears of the problems that plagued Boeing aircraft and Boeing itself in recent years," said Chris Beauchamp, analyst at IG Group. Economic data: Producer Price Index (May); Initial jobless claims (week ending June 7) Continuing claims (week ending May 31) Earnings: Adobe (ADBE), Lovesac (LOVE), RH (RH) Here are some of the biggest stories you may have missed overnight and early this morning: Boeing stock slides after plane crashes in India The $11 trillion gap in costing Trump's 'big, beautiful' bill Gundlach: 'Reckoning is coming' for US debt Trump says he will set unilateral tariff rates within weeks Americans flunk on retirement literacy. Here's why it matters. Nvidia, Samsung to take stakes in robot AI startup Skild US long-dated debt faces crucial test in $22 billion auction Oracle stock jumps as AI boosts revenue forecast Here are some top stocks trending on Yahoo Finance in premarket trading: Oracle (ORCL) stock rose 8% in premarket trading on Thursday after the tech company raised its annual forecast, driven by demand for its AI related cloud services. "Oracle's once-stodgy image levels up to 'cloud-native mage,' and the competitive map now looks less like a classic three-player real time strategy and more like a battle-royale with everyone dropping in, looking for compute loot", said Michael Ashley Schulman, partner at Running Point Capital Advisors. GameStop (GME) shares slumped on Thursday by 11% after announcing a convertible notes offering. The press release said: "GameStop intends to use the net proceeds from the offering for general corporate purposes, including making investments in a manner consistent with GameStop's Investment Policy and potential acquisitions." Boeing (BA) stock fell 8% before the bell on Thursday after a plane crashed in India with more than 200 people on board near the airport in the country's wester city of Ahmedabad. The plane, which was headed to Gatwick airport in the UK, crashed in a civilian area near the airport. Oil prices pulled back early Thursday morning, reversing earlier overnight gains as traders assessed a US decision to pull some diplomats out of the Middle East. The decision to reduce staffing in Iraq came after Iran threatened to hit US assets in the region ahead of its talks with the US over nuclear-related activity. Brent crude futures fell to under $69 a barrel, while West Texas Intermediate crude traded below $68 a barrel — both down around 1%. Prices jumped over 4% on Wednesday amid reports of a potential evacuation. Reuters reports: Read more here. Gold (GC=F) rose for a second day in a row as tensions in the Middle East, coupled with Trump's claims of upcoming unilateral tariffs, pushed risk-averse investors toward the haven commodity. Bloomberg reports: Read more here. Sign in to access your portfolio
Yahoo
39 minutes ago
- Yahoo
Japan Baby Care Products Market Competition, Forecast & Opportunities Report 2025: Major Players in Japan's Baby Care Market Focus on Quality and Innovation
The Japan Baby Care Products Market is expanding, driven by higher per-child spending and a demand for sustainable, health-conscious products. Opportunities include leveraging e-commerce, catering to organic and culturally preferred ingredients, and aligning with government policies on nutrition and sustainability. Japanese Baby Care Products Market Dublin, June 12, 2025 (GLOBE NEWSWIRE) -- The "Japan Baby Care Products Market, By Region, Competition, Forecast & Opportunities, 2020-2030F" has been added to offering. The Japan Baby Care Products Market was valued at USD 8.56 Billion in 2024 and is expected to reach USD 12.06 Billion by 2030, rising at a CAGR of 5.88%. Despite a declining birth rate, the market continues to expand, driven by higher per-child spending and a shift toward sustainable and health-conscious baby products. Japanese consumers increasingly favor organic and natural items in segments such as lotions, shampoos, wipes, and diapers, reflecting heightened concerns around product safety and skin sensitivity. The demand for high-quality, safe baby care items is further supported by the country's strong appreciation for artisanal and culturally inspired ingredients. Meanwhile, the rapid expansion of e-commerce and omnichannel retail is increasing accessibility to a wider variety of baby products. In line with this, Japan's eCommerce sector is forecast to generate revenue of USD 190.53 billion by 2025. These trends underscore the market's resilience and evolving consumer preferences, shaping its trajectory through the next decade. Key Market Drivers: Government Initiative & Policies Supporting the Food Sector The Japanese government has rolled out strategic initiatives aimed at improving nutrition among families, particularly focusing on pregnant women and young children. A core part of this effort is the Measures for Achievement of Decarbonization and Resilience with Innovation (MeaDRI), targeting zero CO2 emissions in agriculture and food systems by 2050 through sustainable practices and waste reduction. These policies support healthier food systems and reinforce the broader baby care ecosystem. The Tokyo Nutrition for Growth Summit 2021 Action Plan is another key initiative, emphasizing collaborative medical and governmental education campaigns to enhance maternal nutrition and reduce underweight pregnancies. These policies, combined with measures against childhood obesity and a stable regulatory environment, are strengthening the outlook for the baby food and baby care product markets. Key Market Challenges: Declining Birth Rate A significant obstacle for Japan's baby care products market is the continued drop in birth rates. As of 2024, Japan recorded approximately 720,000 births-the lowest since records began-reflecting a 5% decline from the previous year. This demographic shift is shrinking the consumer base for baby products, prompting major companies to reconsider domestic operations. For example, Oji Holdings ceased domestic baby diaper production to pivot toward adult incontinence products, reflecting changing market priorities. Japan's aging population, with nearly 30% aged 65 or above, exacerbates the challenge by reducing the workforce and economic productivity. While government incentives for childbirth and childcare support exist, their impact has yet to reverse the downward trend, posing long-term implications for the baby care industry. Key Market Trends: Cultural Preferences for Traditional Ingredients Cultural affinity for traditional, natural ingredients strongly influences consumer preferences in Japan's baby care segment. Parents are increasingly drawn to products incorporating heritage-based, gentle ingredients such as rice bran oil for its moisturizing properties, green tea extract for its soothing benefits, and sakura (cherry blossom) extract for its symbolic and aesthetic appeal. These components not only meet the demand for skin-friendly and safe formulations but also reflect deep-rooted cultural values. As such, manufacturers are embedding these traditional elements into baby care lines to resonate with consumers seeking authenticity and quality. This trend enhances product differentiation and reinforces local identity in a competitive and globalized market. Key Market Players: Oji Holdings Corporation Morinaga Milk Industry Co., Ltd Meiji Holdings CO., Ltd Asahi Group Foods, Ltd Miki Shoko Co., Ltd The Procter & Gamble Company Kimberly-Clark Corporation Kenvue Brands Unicharm Corporation Himalaya Wellness Company Report Scope: In this report, the Japan Baby Care Products Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below: Japan Baby Care Products Market, By Product Type: Skin Care Toiletries Hair Care Food & Beverages Others Japan Baby Care Products Market, By Age Group: 0-12 Months 13-24 Months 24-48 Months Japan Baby Care Products Market, By Sales Channel: Supermarkets/Hypermarkets Specialty Stores Pharmacies/Drug Stores Online Others Japan Baby Care Products Market, By Region: Hokkaido & Tohoku Chubu Chugoku Kyushu Rest of Japan Key Attributes: Report Attribute Details No. of Pages 82 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $8.56 Billion Forecasted Market Value (USD) by 2030 $12.06 Billion Compound Annual Growth Rate 5.8% Regions Covered Japan For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Japanese Baby Care Products Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Axelera AI Launches Global Partner Program to Accelerate Development of Customer-Ready Edge AI Inference Solutions
Broad ecosystem of leading ISVs, technology providers, systems integrators and channel partners to offer solutions based on Axelera technology EINDHOVEN, Netherlands, June 09, 2025--(BUSINESS WIRE)--Axelera AI, the leading provider of purpose-built AI hardware acceleration technology for generative AI and computer vision inference at the edge, today launched the Axelera Partner Accelerator Network, a global partner program designed to accelerate the development of customer-ready solutions at the edge using Axelera technology. The program will provide training, co-marketing and technical support for a broad range of partners, creating a rich ecosystem of solution providers for customers in a variety of markets who want to transition proof-of-concept (POC) edge AI inference projects into full production. Founding partners include Aetina, Arduino, Astute, C&T Solution, Eurocomposant, Macnica ATD Europe, Rutronic, Seco, and Silicon Applications Group Corp (a member of WPG Holdings). The global market for edge AI solutions is expected to reach USD $269.82 billion by 2032 at an annual compounded growth rate of 33.3%. In markets such as retail, industrial, manufacturing, security, healthcare and others, there is strong demand for high-performance, affordable edge AI solutions that can scale to deliver meaningful, near-term business impact. Axelera's Metis AI Processing Unit (AIPU) platform is now shipping and ideal for broad adoption across industry segments, combining high performance, energy efficiency and affordability. "Democratizing access to AI is a core principle of our company," said Axelera AI Chief Marketing Officer, Alexis Crowell. "With the launch of our Partner Accelerator Network, Axelera AI is bringing together the industry's most innovative minds to unlock the full potential of edge AI. By harnessing the network effects of collaboration, each partner's strength amplifies the others—creating a powerful ecosystem where shared innovation leads to exponential opportunity for all." The ISVs, technology providers, system integrators and advisors and channel partners participating in the Partner Acceleration Network are the ideal partners to help customers scale their edge AI projects from POC to full-scale production with hardware and software solutions optimized to take full advantage of the Metis AI accelerator platform. At launch, the PAN program will include more than 15 participants, and join our existing ecosystem of solutions including companies like Lenovo, Dell, Advantech, Seco and Arduino. "Our partnership with Axelera AI enables us to deliver sovereign, high-performance Edge AI technology tailored to the real-world needs of our industrial clients," says Mélanie Chupin, VP Communication & Marketing, Eurocomposant. "With direct training from Axelera, our teams support each project with agility and expertise, ensuring reliable, efficient, and production-ready embedded AI solutions." Companies wishing to join Axelera's Partner Accelerator Network can visit Axelera AI Ecosystem | Axelera AI for more information. About Axelera AI Axelera AI is the leading provider of purpose-built AI hardware acceleration technology for AI inference, including computer vision and generative AI applications. Its first-generation product is the game-changing Metis™ AI platform – a holistic hardware and software solution for Edge AI inference which delivers world's highest performance and power-efficiency at a fraction of the cost of alternative solutions. Headquartered in the AI Innovation Center of the High Tech Campus in Eindhoven, The Netherlands, Axelera AI has R&D offices in Belgium, Switzerland, Italy and the UK, with more than 180 employees in 18 countries. Its team of experts in AI software and hardware hail from top AI firms and Fortune 500 companies. View source version on Contacts Media Axelera@ Sign in to access your portfolio