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Japan's Wage Growth Strengthens Case for BOJ Rate Hike

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

Japan Intervened Twice in Third Quarter to Prop Up Yen

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 dollar,

Bank of England Cuts Rates, But Sees Higher Inflation After Budget

The Bank of England (BoE) cut interest rates on Thursday for only the second time since 2020, but signaled that future reductions would be gradual, citing the impact of the new government's first budget, reports Reuters. The Monetary Policy Committee voted 8-1 to lower rates to 4.75%

Trump Win Could Fuel Inflation and Higher Interest Rates

The re-election of Donald Trump to the US presidency could lead to a surge in inflation both domestically and globally, as his proposed economic policies, including tax cuts, immigration restrictions, and tariffs, are likely to stimulate demand and increase costs, reports CNN. Trump's victory, which was projected by

JGBs Rise as Fed Cut Fuels Treasury Gains

Japanese government bonds (JGBs) rose in early Tokyo trading, mirroring overnight gains in US Treasurys following the Federal Reserve's widely anticipated 25 basis point rate cut, reports The Wall Street Journal. The close correlation between JGBs and Treasurys is driving the upward trend in the Japanese bond market.

Asian Markets Rise on Trump Win, China Stimulus Hopes

Asian stocks mostly rose on Thursday, following a surge in US markets, as investors reacted to Donald Trump's re-election and the anticipation of an impending Federal Reserve interest-rate cut, reports Bloomberg. Hong Kong and China's equity gauges rallied on expectations that Beijing will unveil further stimulus
Asian Markets Rise on Trump Win, China Stimulus Hopes

Traders Cash In on Trump-Driven Bond Surge

Traders who placed bearish bets on US Treasury bonds a few weeks ago are likely reaping significant profits in the wake of Donald Trump's re-election, according to a report from Bloomberg. The former president's victory has triggered a surge in Treasury yields, pushing rates to multi-month

LNG Market to Remain Tight Until 2027, Delaying Buyer's Market: Bloomberg

Europe's hopes of a buyer's market for liquefied natural gas (LNG) by mid-2025 have been dashed, with the market set to remain tight for at least another two years, says Javier Blas of Bloomberg. This comes as a series of project delays and continued strong demand

US Equities Poised for Further Gains: UBS

Despite recent market volatility ahead of the US presidential election and key economic data releases, UBS Wealth Management remains optimistic about US equities. In a note published yesterday, the firm points to strong macroeconomic data and robust earnings from megacap tech companies as key drivers of further market gains. "

Gold's Record Highs Shouldn't Halt Its Climb: UBS

UBS maintains its positive outlook on gold, predicting further price appreciation in the coming months despite the precious metal reaching record highs this week, in a note published Friday by its Chief Investment Office. Gold prices surged past USD 2,758 per ounce this week, marking a new all-time high