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Wall Street Journal
29-04-2025
- Business
- Wall Street Journal
Oil Declines Amid Concerns Over U.S.-China Trade Conflict
0006 GMT — Oil declines amid concerns over the U.S.-China trade conflict. Treasury Secretary Bessent said in an interview with CNBC that it is 'up to China' to de-escalate trade tensions with the U.S. 'Recent developments in U.S. trade policy as well as the escalating tit-for-tat between U.S.-China on the trade front do not bode well for global growth,' three members of OCBC's Global Markets Research say in a research report. When economic growth in the U.S. and China slows, areas including industrial activity will be impacted, putting downward pressure on oil demand, they add. Front-month WTI crude oil futures are down 0.3% at $61.86/bbl; front-month Brent crude oil futures are 0.4% lower at $65.61/bbl. (
Wall Street Journal
24-04-2025
- Business
- Wall Street Journal
JGBs Fall Amid Improving Risk Appetite
0016 GMT — JGBs fall in price terms in the morning Tokyo session amid an improving risk appetite indicated by gains in Japanese stock markets. Better risk sentiment typically reduces the safe-haven appeal of government debt. Investors may also be adopting a cautious stance before the Finance Ministry's auction today of 2.6 trillion yen of two-year sovereign notes. The outcomes of two-year JGB auctions usually don't move the JGB market, but today's auction will likely give investors an idea of the BOJ's rate-hike expectations, SMBC Nikko Securities' senior Japan rates strategist Ataru Okumura says. Five-year JGB yield is up 2.5bps at 0.925%. (
Wall Street Journal
01-04-2025
- Business
- Wall Street Journal
JGBs Fall After BOJ Tankan Shows Higher Inflation Forecasts
0022 GMT — JGBs fall in price terms in the morning Tokyo session after the Bank of Japan's 8301 0.00%increase; green up pointing triangle Tankan survey showed higher inflation forecasts. Japanese enterprises have raised their inflation forecasts for one year, three years and five years ahead, backing the case for more rate increases from the BOJ. The Tankan indicated Japanese enterprises projected consumer prices to rise 2.5% in one year versus 2.4% increase in the prior survey, and to rise 2.4% in three years versus 2.3% increase in the prior survey. They also forecast inflation to rise 2.3% in five years from a 2.2% increase in the prior survey. The 10-year JGB yield is up 2bps at 1.505%. (
Wall Street Journal
01-04-2025
- Business
- Wall Street Journal
Gold Edges Higher Amid Prospects of Broader, Higher U.S. Tariffs
2344 GMT — Gold edges higher in the early Asian session amid prospects of broader and higher U.S. tariffs that would enhance the safe-haven allure of the precious metal. Recently, President Trump has pressured his team to be more aggressive on tariffs, encouraging the team to devise plans that would apply higher rates of tariffs on a broader set of countries, the WSJ reported, citing people familiar with the conversations. Gold starts 2Q from a historically strong position, underpinned by economic and geopolitical conditions that fully justify its current appeal, Pepperstone's research strategist Quasar Elizundia says in an email. Spot gold is 0.1% higher at $3,125.43/oz. (
Wall Street Journal
04-03-2025
- Business
- Wall Street Journal
Oil Falls, Weighed by OPEC+ Decision to Proceed With Planned Output Increase
0118 GMT — Oil falls in the early Asian session. On Monday, OPEC+ said it would go ahead with its plan to boost production starting in April. This is the first in a series of monthly increases to reverse 2.2 million barrels per day of voluntary reductions implemented more than two years ago by several key members of the alliance, ANZ Research analysts say in a research report. Given the market was mostly expecting OPEC+ to delay the restart of planned production increases, oil prices are likely to remain under downward pressure, the analysts add. Front-month WTI crude oil futures are 0.4% lower at $68.09/bbl; front-month Brent crude oil futures are 0.7% lower at $71.14/bbl. (
