Latest news with #TapasStrickland
Wall Street Journal
5 days ago
- Business
- Wall Street Journal
JGBs Mixed; Gains in U.S. Treasurys May Support
0023 GMT — JGBs are mixed in the early Tokyo session, but may be supported by overnight price gains in U.S. Treasurys spurred by rising Federal Reserve rate-cut hopes. Both JGBs and Treasurys tend to move in tandem. The most significant news was U.S. Treasury Secretary Bessent calling for a 50bp cut in September and suggesting rates should be 150-175 bps lower, NAB's Tapas Strickland says in commentary. Market pricing for a Fed rate cut now has a 'a very small chance' of a greater than 25bp move at 26.7 bps for September versus 24.1 bps on Tuesday, the head of Market Economics notes. The five-year JGB yield is up 1 bp at 1.075%; the 20-year yield is down 1 bp at 2.515%. (
Wall Street Journal
08-08-2025
- Business
- Wall Street Journal
Asian Currencies Consolidate; New Fed Governor Nominee May Underpin
0120 GMT — Asian currencies consolidate against the dollar in the morning session. President Trump said that he would nominate Stephen Miran, head of the White House Council of Economic Advisers, to fill a vacancy on the Fed's Board of Governors on a short-term basis. 'Miran has been very critical of U.S. Fed policy and would likely advocate for cuts,' NAB's Tapas Strickland says in a commentary. 'This makes at least two rate cuts by the end of the year much more probable,' the head of Market Economics adds. USD/KRW edges 0.1% higher to 1,384.90, USD/SGD is little changed at 1.2831, and USD/CNH is steady at 7.1826, LSEG data show. (
Business Recorder
31-07-2025
- Business
- Business Recorder
Japan's Nikkei rises ahead of BOJ policy decision
TOKYO: Japan's Nikkei share average gained in early trading on Thursday as market participants focused on the Bank of Japan's policy statement due later in the day for interest rate clues. The Nikkei rose 0.5% to 40,842.88 by 0058 GMT. The broader Topix gained 0.4%. The BOJ is widely expected to keep interest rates steady at 0.5%, but investors will search for hints in the policy statement and accompanying quarterly outlook report on when the central bank is likely to resume rate hikes. The central bank's decision does not come at a specified time, but usually comes some time after 0200 GMT, with Governor Kazuo Ueda giving a press conference from 0630 GMT. Traders have firmed up bets for the BOJ to resume raising rates from as early as October since Tokyo reached a long-awaited trade agreement with Washington earlier this month, removing a degree of uncertainty from the economic outlook. 'A hike by the end of the year is becoming more priced by markets,' Tapas Strickland, head of market economics at National Australia Bank, said in a podcast. 'If that tentative trade deal with the U.S. holds, then that should provide a little bit more confidence for the economy, just given where inflationary pressures are at the moment.' On Thursday, shares of companies that benefit from a drop in copper prices outperformed, with Fujikura and Furukawa Elecric each rallying about 6%. Earnings also lifted some stocks, with Kyocera jumping 8.4%, while Nissan Motor rose more than 3%. At the other end, Panasonic Holdings slumped 3.5%, and chip-testing equipment maker Advantest lost 2.4%, extending declines to a fourth straight session.
Yomiuri Shimbun
31-07-2025
- Business
- Yomiuri Shimbun
Japan's Nikkei Stock Average Rises Ahead of BOJ Policy Decision
TOKYO, July 31 (Reuters) – Japan's Nikkei share average gained in early trading on Thursday as market participants focused on the Bank of Japan's policy statement due later in the day for interest rate clues. The Nikkei .N225 rose 0.5% to 40,842.88 by 0058 GMT. The broader Topix .TOPX gained 0.4%. The BOJ is widely expected to keep interest rates steady at 0.5%, but investors will search for hints in the policy statement and accompanying quarterly outlook report on when the central bank is likely to resume rate hikes. The central bank's decision does not come at a specified time, but usually comes some time after 0200 GMT, with Governor Kazuo Ueda giving a press conference from 0630 GMT. Traders have firmed up bets for the BOJ to resume raising rates from as early as October since Tokyo reached a long-awaited trade agreement with Washington earlier this month, removing a degree of uncertainty from the economic outlook. 'A hike by the end of the year is becoming more priced by markets,' Tapas Strickland, head of market economics at National Australia Bank, said in a podcast. 'If that tentative trade deal with the U.S. holds, then that should provide a little bit more confidence for the economy, just given where inflationary pressures are at the moment.' On Thursday, shares of companies that benefit from a drop in copper prices outperformed, with Fujikura 5803.T and Furukawa Elecric 5801.T each rallying about 6%. Earnings also lifted some stocks, with Kyocera 6971.T jumping 8.4%, while Nissan Motor7201.T rose more than 3%. At the other end, Panasonic Holdings 6752.T slumped 3.5%, and chip-testing equipment maker Advantest 6857.T lost 2.4%, extending declines to a fourth straight session.
New Straits Times
31-07-2025
- Business
- New Straits Times
Japan's Nikkei rises ahead of BOJ policy decision
TOKYO: Japan's Nikkei share average gained in early trading on Thursday as market participants focused on the Bank of Japan's policy statement due later in the day for interest rate clues. The Nikkei rose 0.5 per cent to 40,842.88 by 0058 GMT. The broader Topix gained 0.4 per cent. The BOJ is widely expected to keep interest rates steady at 0.5 per cent, but investors will search for hints in the policy statement and accompanying quarterly outlook report on when the central bank is likely to resume rate hikes. The central bank's decision does not come at a specified time, but usually comes some time after 0200 GMT, with Governor Kazuo Ueda giving a press conference from 0630 GMT. Traders have firmed up bets for the BOJ to resume raising rates from as early as October since Tokyo reached a long-awaited trade agreement with Washington earlier this month, removing a degree of uncertainty from the economic outlook. "A hike by the end of the year is becoming more priced by markets," Tapas Strickland, head of market economics at National Australia Bank, said in a podcast. "If that tentative trade deal with the US holds, then that should provide a little bit more confidence for the economy, just given where inflationary pressures are at the moment." On Thursday, shares of companies that benefit from a drop in copper prices outperformed, with Fujikura and Furukawa Elecric each rallying about 6 per cent. Earnings also lifted some stocks, with Kyocera jumping 8.4 per cent, while Nissan Motor rose more than 3 per cent. At the other end, Panasonic Holdings slumped 3.5 per cent, and chip-testing equipment maker Advantest lost 2.4 per cent, extending declines to a fourth straight session.
