Markets
Stocks, bonds, currencies and commodities, plus the macro flows moving global markets day to day.
South Korea's NPS pauses FX hedging as won hits 2024 high
The world's third-largest public pension fund has paused its foreign-exchange hedging, just as the won reached its strongest level since Oct
Yuan hits fresh high but PBOC's soft fixing signals a ceiling
The yuan touched its strongest level since February 2023, but the PBOC set a daily fixing far weaker than markets expected. That signals Bei
Bathla Group secures two-week lifeline as administrators cut staff
Administrators at Australian home builder Bathla Group have secured only two weeks of funding and stood down 213 staff as they try to avoid
Palm oil climbs for second day as crude rally lifts biodiesel demand
Palm oil futures in Malaysia rose for a second straight session, with the benchmark November contract up 0.59% to 4,958 ringgit a ton. Firme
Hong Kong Stocks Flat as Strong US Jobs Data and Gulf Tensions Weigh
Hong Kong stocks opened slightly higher Monday as a strong US jobs report kept the 'higher-for-longer' rates story in play, while fresh Midd
Nikkei jumps 2.28% as chip stocks lead Tokyo higher
Japan's Nikkei jumped 2.28% as chip stocks led the rally, with Advantest and Tokyo Electron among the biggest gainers. Banks and gaming shar
Dollar slips as oil inflation fears and firmer yen offset Fed hike odds
The dollar slipped in thin holiday trading even as futures markets put September Fed hike odds near 57%. Oil-linked inflation nerves and a f
Japan's record FX intervention drains reserves to defend the yen
Japan's foreign reserves dropped by a record $79.6 billion in August after the government spent 15.4 trillion yen to support the yen. The mo
ASX set to slip as Hormuz tensions keep oil prices elevated
Australian shares are poised to open lower after US stocks fell, with tensions around the Strait of Hormuz keeping oil prices elevated. OPEC
Strong August Jobs Data Raises Rate Hike Odds; Norway Trims US Bonds
August's job market came in much stronger than expected, lifting the odds of a September Fed rate hike. Meanwhile, Norway's sovereign wealth
El-Erian: Bond Yields to Stay High on Supply, Not Fed Doubts
Economist Mohamed El-Erian says heavy Treasury issuance and fewer reliable buyers are pushing bond yields higher, not inflation or Fed credi
Strong Jobs Report Boosts September Rate Hike Odds; Credit Bureaus Slide
A stronger-than-expected jobs report has traders pricing in a September Federal Reserve rate hike, with odds jumping to 60%. Meanwhile, cred