Latest news with #SucdenFinancial
Wall Street Journal
a day ago
- Business
- Wall Street Journal
JGBs Edge Lower, Tracking Decline in U.S. Treasurys
0005 GMT — JGBs edge lower in the morning Tokyo session, tracking overnight price declines in U.S. Treasurys. These market movements come amid risk-on sentiment spurred by President Trump's phone call with Chinese leader Xi on Thursday. Trump called the conversation productive and said both sides agreed to meet soon. However, investors have turned cautious ahead of the key U.S. nonfarm payrolls report due out tonight, Sucden Financial's Research team says in a commentary. The 5-year JGB yield is up 1bp at 1.015%. (
Wall Street Journal
4 days ago
- Business
- Wall Street Journal
Asian Currencies Consolidate; Trade Tensions May Support
0029 GMT — Asian currencies consolidate against the greenback in the early morning session, and may be supported by global trade tensions. U.S. assets including the dollar have come under pressure amid renewed U.S. trade tensions with China and Europe, two members of Sucden Financial's research team say in commentary. This has been compounded by U.S. manufacturing weakness, they add. They cite data released Monday showing U.S. ISM manufacturing PMI fell to 48.5 in May. USD/KRW is steady at 1,377.07; AUD/USD is down 0.1% at 0.6489; USD/SGD is little changed at 1.2853. (
Wall Street Journal
27-05-2025
- Business
- Wall Street Journal
Gold Edges Higher on Possible Technical Recovery
2345 GMT — Gold edges higher in the early morning Asian session on a possible technical recovery after front-month Comex gold futures fell 1.9% overnight. However, gold's gains may be capped amid signs of progress in U.S.-EU trade relations. President Trump's recent decision to delay tariffs on EU imports allows additional time for talks, two members of Sucden Financial's research team say in commentary. This delay has helped to ease fears of a near-term escalation and has underpinned risk appetite globally, they add. Spot gold is 0.3% higher at $3,310.06/oz. (
Wall Street Journal
10-04-2025
- Business
- Wall Street Journal
JGBs Slide, Dragged by Risk-on Sentiment –
0005 GMT — JGBs slide in price terms in the morning Tokyo session, dragged by risk-on sentiment triggered by President Trump's announcement on Wednesday of a 90-day pause on higher U.S. tariffs for most countries. This tariff reversal has sparked a relief rally in risk assets, two members of Sucden Financial's Research team say in a commentary. Trump's move lessens the impact of the initially aggressive trade policy stance, say the members, adding that bonds have been dumped. The 10-year JGB yield rises 11bps to 1.380%. (
Wall Street Journal
07-04-2025
- Business
- Wall Street Journal
Gold Slips on Likely Unwinding of Long Positions to Raise Cash
2352 GMT — Gold slips in the early Asian session on likely unwinding by market participants of their long positions to raise cash. China's 34% tariffs on all U.S. imports and introduction of restrictions on exports of certain rare-earth-minerals fuel concerns of a full-blown trade war, two members of Sucden Financial's Research team say in a note. The precious metal has fallen as investors liquidated positions to cover losses elsewhere, as well as because of profit-taking, the members say. Spot gold slips 1.5% to $2,992.35/oz. (
