Japanese government bond (JGB) yields edged higher on Tuesday, tracking a rise in US Treasury yields during Asian trading hours, according to Reuters. Investors are awaiting fresh signals on the economic outlooks for both the United States and Japan.
The 10-year JGB yield rose 0.5 basis point (bps) to
China's trade surplus is on track to reach a record-breaking $1 trillion this year, a development that could exacerbate trade tensions with the US and other major economies, reports Bloomberg.
The widening trade surplus, which reached $785 billion in the first ten months of 2024, represents a 16%
Donald Trump's decisive victory in the presidential race, dubbed by some as the "Super Bowl of Global Politics," triggered mixed reactions across financial markets. While stock indices hit record highs, the US dollar surged, and Bitcoin soared, the bond market responded with a resounding sell-off.
This
US inflation likely remained stagnant in October, highlighting the uneven pace of easing price pressures as the Federal Reserve aims to return inflation to its target, reports Bloomberg.
The core consumer price index (CPI), which excludes food and energy, is projected to have risen at the same pace on both
Egypt's headline inflation edged up slightly in October, reaching 26.5% compared to 26.4% in September, according to data released by the statistics agency CAPMAS on Sunday.
The increase, while modest, marks the third consecutive month of rising inflation. The median forecast of 17 analysts had predicted
The Bank of Japan (BOJ) remains divided on the appropriate timing for raising interest rates, according to a summary of opinions from its October policy meeting released on Monday, reports Reuters.
Several board members expressed concern about the potential for renewed market volatility if rates are raised too quickly. They
Turkey's central bank has revised its inflation forecasts for 2024 and 2025 upwards, bringing them closer to market expectations, reports Bloomberg. This move follows two consecutive months of price gains exceeding initial estimates.
Officials now project inflation to reach 44% at the end of this year and 21%
The Federal Reserve on Thursday lowered interest rates by a quarter percentage point, marking the second consecutive rate cut as the central bank continues to support the US economy. However, the re-election of Donald Trump, known for his criticism of the Fed and his potential to influence monetary policy, has
China is taking a major step to address the growing risk posed by local government debt, announcing a plan to swap 6 trillion yuan ($837.7 billion) in off-balance sheet or "hidden" debt for bonds over the next three years, reports Reuters.
The move comes as China'
Japanese workers' base salaries saw their largest increase in over three decades in September, bolstering the Bank of Japan's (BOJ) view that the economy is on a recovery path and supporting the case for a rate hike in the coming months, reports Bloomberg.
The pace of gains
The Japanese government intervened in the foreign exchange market twice during the third quarter, spending a combined ¥5.54 trillion ($36.4 billion) to support the yen, reports Bloomberg. The interventions, carried out on July 11 and 12, were aimed at stemming the yen's slide against the