The Bank of Japan (BoJ) kept its short-term policy rate unchanged at 1.25% in an 8-1 vote at its October meeting, in line with market expectations. The decision followed two consecutive 25bp hikes in June and September, leaving borrowing costs at their highest level since April 1995. Policymakers reiterated their intention to continue raising rates […]
The Japanese yen is strengthening towards 157 per US dollar, extending its gains for a third consecutive session after the Bank of Japan (BOJ) kept its policy interest rate unchanged at 1.25%, in line with market expectations. The currency is receiving support from growing expectations of a potential December rate increase, following the central bank’s […]
Japan’s 10-year government bond yield fell below 2.8% on Friday, approaching its lowest level in nearly three months after the Bank of Japan maintained its policy rate at 1.25%, in line with market expectations. However, the central bank signaled that underlying inflation has finally reached its 2% target, potentially paving the way for a rate […]
Gold prices are declining towards $4,000 per ounce, extending losses as persistent US inflation and stronger-than-expected economic growth reinforce expectations of a potential Federal Reserve interest-rate increase in December. The latest US economic data is creating a challenging environment for non-yielding assets. September’s Personal Consumption Expenditures (PCE) price index increased by 0.5% month-on-month, its largest […]
European natural gas prices are climbing towards €100 per megawatt-hour, reaching their highest level since late 2022 as geopolitical tensions in the Middle East intensify concerns over energy security. Prices are also on track for a monthly gain exceeding 30%, reflecting growing uncertainty over Europe’s ability to secure sufficient gas supplies ahead of winter. The […]
The yield on the US 10-year Treasury note declined toward 4.9% on Friday, reaching its lowest level in seven weeks as a broad selloff in global tech and AI stocks prompted investors to shift toward the relative safety of government bonds. Demand for safe-haven assets strengthened following disappointing earnings reports from major technology companies, including […]
Government bond yields are moving lower across several major economies, with New Zealand recording the largest decline in the latest market update. South Korea, Australia, Japan and the United States are also experiencing falling 10-year yields, signalling broad strength in government bond prices. New Zealand’s 10-year government bond yield has dropped by 7.74 basis points, […]
The US dollar index has weakened towards 101.5, extending its losses for a third consecutive session as Treasury yields move lower. The decline comes amid a global sell-off in technology and artificial intelligence stocks, encouraging investors to shift towards the relative safety of government bonds. Disappointing earnings from major technology companies, including Alphabet, Amazon and […]
Singapore’s seasonally adjusted unemployment rate inched up to 2.0% in Q3 2026, from 1.9% in the previous quarter, which was the lowest since Q4 2024, preliminary data showed. Total employment increased by 27,700 in Q3, compared with 11,400 in the previous quarter and 25,100 in the same period last year. Employment growth was led by […]
Agricultural commodity markets are showing mixed but predominantly positive price action, with butter leading the latest gains. Butter has climbed 3.77%, while sugar and wheat are also trading higher. Wool is moving in the opposite direction, recording the largest decline among the commodities highlighted. The latest movements point to differing supply-and-demand conditions across agricultural markets, […]