Crude oil prices are holding above $98 per barrel as traders weigh escalating geopolitical tensions against signs that Persian Gulf oil shipments are recovering. Energy flows have reportedly returned to around 80% of pre-war levels, offering some relief to a market still facing significant uncertainty over shipping security, refined-product availability and energy infrastructure. The immediate […]
The People’s Bank of China kept its key lending rates at record lows for the 17th straight month in October 2026, even as the yuan continued to strengthen amid strong economic data that met expectations. The economy grew 4.5% in Q3, exceeding expectations and reducing the urgency to step up support to meet its annual […]
Gold prices remain under pressure, approaching $4,100 per ounce as the precious metal records a third consecutive session of losses. Elevated oil prices are intensifying inflation concerns, reinforcing expectations that interest rates could remain restrictive for longer and supporting the US dollar and government bond yields. The combination is creating a challenging environment for non-yielding […]
Asian currencies are showing mixed but modestly positive momentum, with the South Korean won rising 0.40% to lead regional gains and the Chinese yuan advancing 0.06%. The Japanese yen remains little changed, highlighting differences in investor sentiment and the factors influencing each currency. The won’s advance puts it at the forefront of the latest regional […]
Zinc futures are holding above $3,700 per tonne, maintaining a recovery from the October 16 low of $3,664.90 as persistent supply constraints support prices. Reduced production in Western markets, declining Chinese output and lower inventories monitored by the Shanghai Futures Exchange are reinforcing concerns about the availability of refined zinc. Supply uncertainty is also being […]
Australia’s 10-year government bond yield traded below 5.3%, struggling to recover from a recent five-week low as investors awaited further clues on the policy outlook. Focus is on RBA Deputy Governor Andrew Hauser, who is due to speak this week and could provide insight into the prospects for a fifth rate hike this year. An […]
The offshore Chinese yuan has strengthened to around 6.68 per US dollar, extending its advance for a fourth consecutive session and reaching its strongest level since June 2022. Better-than-expected economic growth has reduced the urgency for additional monetary easing, providing support for the currency as investors reassess China’s near-term policy outlook. China’s economy grew by […]
Soybean futures have slipped to around $12.50 per bushel, reaching their lowest level in eight weeks as advancing US harvesting and favourable Midwest weather forecasts outweigh renewed Chinese demand. Despite the recent weakness, confirmed purchases by China are providing an important source of support, with the US Department of Agriculture (USDA) reporting another 114,000 metric […]
China’s 10-year government bond yield fell to around 1.65% on Tuesday, hovering near its lowest level since June 2025 after the People’s Bank of China left its benchmark lending rates unchanged. The central bank kept the one-year loan prime rate at 3% and the five-year rate at 3.5%, holding both at record lows for a […]
The Japanese yen is hovering around 158.5 per US dollar, struggling to recover despite hawkish remarks from Bank of Japan (BOJ) Governor Kazuo Ueda. While underlying inflation is approaching the central bank’s 2% target, supported by a moderate economic recovery and tight labour market conditions, the yen continues to face pressure from interest-rate differentials and […]