Japan’s 10-year government bond yield climbed to around 3.12% on Tuesday, staying close to its highest level in three decades as Prime Minister Sanae Takaichi continued to pursue fiscal expansion despite concerns over a weak yen and elevated bond yields. Speaking to parliament, Takaichi pledged to lower the consumption tax on food and promote domestic […]
The US 10-year Treasury yield hovered around 5.32% on Tuesday, remaining near its highest level since 2002 as the global bond selloff persisted amid growing fiscal concerns and stubborn inflation pressures. Selling was also widespread across global bond markets, with French yields climbing to more than two-decade highs as heavy debt burdens and political deadlock […]
The Indian rupee remains under significant pressure near record lows as a combination of broad US dollar strength, elevated Treasury yields, high oil prices and persistent demand for dollar hedging weighs on the currency. USD/INR is trading around 96.4, with the rupee struggling to establish a durable recovery. The broader dollar remains supported by higher […]
Key takeaways It’s all about FX on Monday. After bonds and stocks hogged the limelight this year, it is finally the currency market’s time to shine. The euro is in focus, as it drops to a 17-month low, as other markets struggle for direction as we move into the first full trading week of Q4. […]
EUR/USD falls 0.60% on Monday and trades around 1.1190 at the time of writing. The pair remains under pressure as the US Dollar (USD) maintains positive momentum, supported in part by elevated US Treasury yields, while political and fiscal concerns in Europe weigh on the Euro (EUR). The latest business activity data released on Monday […]
United Overseas Bank (UOB) strategist Quek Ser Leang notes USD/SGD slipped to 1.2781 on Friday, with the SGD NEER staying well above its midpoint. For the intraday session, he expects the pair to hold within 1.2768–1.2832, aligning with technical levels at 1.2775/1.2815. On a 1–3 week and 1–3 month horizon, he still sees scope for […]
The global dry bulk freight market is showing renewed weakness, with the Baltic Dry Index falling to 3,070 points, its lowest level in more than a month. The decline reflects weaker rates across the major vessel classes, led by a sharper drop in Capesize freight. The move is important for commodity markets because dry bulk […]
The S&P Global Canada Services Business Activity Index rose to 48.3 in September 2026 from 46.8 in August, remaining below the critical 50.0 no-change mark. Canada’s service sector continued to face a challenging business climate, with activity and new business falling at slower rates amid uncertainty over tariffs and the war in Iran. Tariffs and […]
The S&P Global US Composite PMI rose to 58.4 in September 2026 from 56 in August, matching the flash estimate and marking the strongest expansion in private-sector business activity in more than five years. Growth accelerated across both manufacturing and services, pointing to broad-based strength in the US economy. The increase in output was supported […]
The ISM Services PMI fell to 54.9 in September 2026 from 55.4 in August, compared with expectations of 55. The index nevertheless remained in expansion territory for a 27th consecutive month, indicating continued growth in the US services sector. Business activity eased more noticeably, with the Business Activity Index dropping to 56.5 from 61.7, while […]