The metals complex is facing broad selling pressure, led by a sharp decline in lithium carbonate. Silver, platinum and gold are also trading lower, while iron ore is moving in the opposite direction and remains the strongest performer among the commodities highlighted. The latest price movements point to uneven sentiment across the metals market, with […]
Energy commodities show broad weakness across natural gas markets, with US natural gas futures recording the largest decline at 4.25%. UK natural gas prices also fall by 2.18%, while Germany’s Natural Gas THE benchmark loses 2.15%. Crude oil markets move in the opposite direction, with Brent crude gaining 0.35% and US crude oil advancing 0.08%. […]
Foreign exchange markets show mixed performance, with the Mexican peso recording the largest decline in the latest currency snapshot, falling 1.23%. The Brazilian real also weakens by 0.59%, while the Australian dollar loses 0.37%. The US Dollar Index declines 0.32%, indicating softer performance by the dollar against its basket of major currencies. On the positive […]
Japan’s industrial production rebounds more strongly than expected in September 2026, increasing 2.2% month-on-month after a 2.4% contraction in August. The result exceeds market expectations of 1.3% and represents the fastest monthly expansion since January, supported by recovering output across key manufacturing industries, particularly motor vehicles and machinery. The improvement comes alongside a mixed set […]
Japan’s industrial production increased by 2.2% month-over-month in September 2026, reversing a 2.4% decline in the previous month and surpassing market estimates of 1.3%, preliminary data showed. It was the fastest growth since January, reflecting higher output across key manufacturing sectors as export demand recovered. Industries that mainly contributed to the upturn were motor vehicles […]
Australia’s final demand producer price index increased 1.1% quarter-on-quarter in the third quarter of 2026, slightly beating market forecasts for a 1.0% rise but slowing from a 1.3% increase in the previous period, which was the strongest price growth since the third quarter of 2023. Property operators (1.0%) remained a key contributor, supported by strong […]
The Philippines’ trade deficit widens to USD 5.2 billion in September 2026, compared with USD 4.7 billion a year earlier, as imports surge to a record USD 15.0 billion. Strong demand for electronic products, particularly semiconductors, and higher purchases of mineral fuels drive the increase in inbound shipments. Exports also deliver a strong performance, climbing […]
Australia’s 10-year government bond yield fell to around 5.1%, hitting an eight-week low as global bond markets rallied on increased safe-haven demand following a selloff in technology stocks. Disappointing earnings from major tech companies renewed concerns over the sustainability of heavy artificial intelligence investments, prompting a rally in US Treasuries that spilled over into the […]
Societe Generale analysts see scope for a relief rally in GBP/USD following the UK Budget and ahead of a potentially hawkish Bank of England hike. They argue the UK is on track for the fastest fiscal consolidation in the G7, which could eventually support Gilts and Sterling. Key cable levels are identified at 1.3250 support […]
MUFG’s Lee Hardman notes the US Dollar is trading modestly weaker after the FOMC left rates unchanged but signalled more caution on further hikes. Despite two hawkish dissenters, the overall tone and recognition of tighter financial conditions support MUFG’s view of only one more Fed hike. However, the Dollar still benefits from higher energy prices […]