Fed hike, Bank of Japan, interest rates, currencies

Japanese Yen Strengthens Amid Reports Of Official Announcement Of FX Intervention The Japanese yen rose more than 2% against the dollar on reports from officials announcing immediate intervention to defend the currency. That comes after the yen weakened to 145 levels against the greenback, following the Bank of Japan’s decision to keep interest rates stable. … Read more

Japanese CPI Inflation, Prime Loan Rate in China, Currencies

CNBC Pro: Fund Manager Says Bear Market Is Going To Get ‘Dirty’ Fund manager Cole Smead believes the stock market is still in the early stages of a bear market — and warns it won’t be a “garden variant.” But it doesn’t wake him up. This is why: Pro subscribers can read more here. — … Read more

Treasury yields lower than expected US consumer report

Bond yields fell slightly on Monday as markets waited for data on consumer inflation expectations. The return on the benchmark 10-year Treasury Note was down 1 basis point, trading at 3.3098% around 4.15pm ET. The yield on the 30-year government bond fell below a basis point to 3.4527%. The yield on the 2-year Treasury was … Read more

Stocks higher; RBA rate decision ahead

The Reserve Bank of Australia building in Sydney, Australia, on Monday, September 6, 2021. David Gray | Bloomberg | Getty Images Shares in Asia-Pacific traded higher on Tuesday ahead of the Reserve Bank of Australia’s rate decision. Japan’s Nikkei 225 recovered from previous losses and rose 0.46% and the Topix index gained 0.28%. The Hang … Read more

Stock Trading Mixed Ahead of Caixin Services PMI Data

Tokyo stock exchange in Japan. Noriko Hayashi | Bloomberg via Getty Images Shares in Asia-Pacific traded mixed Monday as investors await the results of a private survey on China’s service sector activity. Japan’s Nikkei 225 fell 0.2% and the Topix index lost 0.3%. The S&P/ASX 200 in Australia gained 0.25%. In South Korea, the Kospi … Read more

Jackson Hole, HKEX cancels morning session due to typhoon warning

The windows of a restaurant at The Peak were taped in Hong Kong on August 24, 2022, when Hong Kong Observatory issued a typhoon signal No. 8 earlier in the morning. HKEX has canceled its morning session due to the T8 release. (Photo by ISAAC LAWRENCE/AFP) (Photo by ISAAC LAWRENCE/AFP via Getty Images) Isaac Lawrence … Read more

Government bond yields rise after unemployment claims report

US Treasury yields rose Friday as investors digested the previous day’s data, which showed unemployment claims came in lower, below expectations. The yield on the 10-year Treasury bond was up 4 basis points at 8:30 a.m. ET to 2.926%, while the yield on the 30-year Treasury bond rose about 3 basis points to 3,1728%. Yields … Read more

Economic data South Korea, India, Japan

Despite rate cuts, more growth policies are deemed necessary for the Chinese economy China still needs more growth policies to stabilize its economy after the central bank unexpectedly cut its key interest rates, China’s central bank-backed Financial News said on Tuesday. The People’s Bank of China cut the rate on its 1-year policy bonds by … Read more

Fed expected to stick to aggressive rate hikes, strategists say

Market strategists say the Federal Reserve is unlikely to change its aggressive rate hikes, despite positive signs this week that US inflation could ease. On Thursday, the producer price index fell surprisingly 0.5% in July from the previous month, compared to an estimate of 0.2% gain, according to a Dow Jones survey. Year-over-year, the index … Read more

Treasury returns in focus after strong job growth figures

Treasury yields fell Monday after unexpectedly robust jobs data increased the likelihood of aggressive rate hikes by the Federal Reserve. The benchmark 10-year Treasury yield declined 4 basis points to approximately 2.7993%, while the 30-year Treasury yield declined 2 basis points to 3.0383%. Yields move inversely to prices and a basis point equals 0.01%. That … Read more