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Gold Consolidates; Easing Fed Rate-Cut Prospects May Weigh
Gold Consolidates; Easing Fed Rate-Cut Prospects May Weigh

Wall Street Journal

time4 days ago

  • Business
  • Wall Street Journal

Gold Consolidates; Easing Fed Rate-Cut Prospects May Weigh

2339 GMT — Gold consolidates in early Asian session trade, but may be weighed by easing prospects for Fed rate cuts. 'This came after U.S. wholesale inflation accelerated in July by the most in three years, suggesting companies are passing along higher import costs related to tariffs,' ANZ Research analysts say in a research report. Swap traders are currently pricing in 85% probability that the Fed will lower rates in September, down from fully pricing in a cut on Thursday, the analysts note. Spot gold is little changed at $3,334.48/oz. (

Asian Currencies Consolidate; Risk-off Sentiment May Weigh
Asian Currencies Consolidate; Risk-off Sentiment May Weigh

Wall Street Journal

time06-08-2025

  • Business
  • Wall Street Journal

Asian Currencies Consolidate; Risk-off Sentiment May Weigh

0046 GMT — Asian currencies consolidate against the dollar in the morning session. The main theme has been risk-off, Commerzbank Research analysts say in a research report. The U.S. ISM services report released overnight was weaker than expected, the analysts note. The services-sector index fell to 50.1 in July from 50.8 in previous month, suggesting that the services sector stalled in July, the analysts add. USD/KRW edges 0.2% higher to 1,389.40, while USD/SGD is little changed at 1.2872, and AUD/USD is 0.1% higher at 0.6477, LSEG data show. (

JGBs Edge Lower, Weighed by Fiscal Fears
JGBs Edge Lower, Weighed by Fiscal Fears

Wall Street Journal

time09-07-2025

  • Business
  • Wall Street Journal

JGBs Edge Lower, Weighed by Fiscal Fears

0025 GMT — JGBs edge lower in the morning Tokyo session, weighed by fiscal fears. These worries in Japan are pushing up 30-year yields worldwide, ING's rates strategists say in a research report. 'We find it difficult to find factors that would bring a halt to the strong upward momentum in 30-year global rates from a structural perspective,' the strategists add. Yields on ultralong JGBs have risen sharply in recent sessions amid concerns over a possible issuance increase to finance a likely stimulus package by a new Japanese government. The 10-year JGB yield is up 0.5bp at 1.490%. (

JGBs Consolidate as Investors Weigh Tokyo CPI Data
JGBs Consolidate as Investors Weigh Tokyo CPI Data

Wall Street Journal

time27-06-2025

  • Business
  • Wall Street Journal

JGBs Consolidate as Investors Weigh Tokyo CPI Data

0013 GMT — JGBs consolidate in the early Tokyo session as investors weigh Japanese economic data released earlier. The data showed consumer inflation in the Tokyo metropolitan area eased in June but remained firmly above the BOJ's 2% target. Also, there may be lingering supply-demand worries, two members of BofA Global Research say in a research report. While Japan's Finance Ministry unveiled super-long JGB issuance reductions, the ministry also opted to boost issuance of sovereign debt with two-year and shorter tenors, the members note. BofA maintains its view that net JGB supply will gradually increase. The 10-year JGB yield is 0.5 bp higher at 1.420%. (

JGB Futures Edge Lower as Investors Assess Mixed Signals
JGB Futures Edge Lower as Investors Assess Mixed Signals

Wall Street Journal

time23-06-2025

  • Business
  • Wall Street Journal

JGB Futures Edge Lower as Investors Assess Mixed Signals

0009 GMT — JGB futures edge lower in the early Tokyo session as investors assess mixed signals. On the one hand, Japan's sovereign debt will probably be supported by potential safe-haven demand driven by the U.S. strikes on Iran over the weekend. On the other hand, market participants could be concerned over Japanese inflationary pressures that could increase due to the higher oil prices caused by the U.S. attacks. Ten-year JGB futures are 0.14 yen lower at 139.29 yen. (

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