Market Update

The Japanese Yen has strengthened against the US dollar following a report by Nikkei Asia that the Bank of Japan is prepared to adjust its Yield Curve Control (YCC) framework to allow the yield on the 10-year Japanese government bond to rise above 1%.This move is seen as necessary due …

On October 31, the Bank of Japan is scheduled to hold its Monetary Policy Committee meeting. Researchers and economists predict that policy won’t change, but opinions on whether to make another adjustment to Yield Curve Control (YCC) will differ. The benchmark 10-year JGB yield is getting close to reaching its …

The World Bank predicts that the prolonged conflict in the Middle East will lead to a sharp increase in the price of commodities, especially natural gas and oil. Since the conflict began, energy prices have already increased by 9%, and there may be more shocks ahead. This scenario is similar …

The general business activity index in the Dallas Fed’s Texas Manufacturing Outlook Survey (TMOS) decreased by 1.1 points in October, marking the second consecutive month of declines. However, the production index showed growth in Texas factory activity after four months in negative territory. The capacity utilization index also showed a …

Gas prices rose in the Netherlands and Britain on Monday morning, October 30, driven by news that Egyptian gas imports would stop, which will consequently affect its exports of liquefied natural gas. Cold weather and unscheduled outages in Norway also supported prices. The Dutch November benchmark natural gas contract rose …

European stocks rose in early trading on Monday, supported by health care shares, as bond yields fell while investors evaluated key inflation data. By 0826 GMT, the European STOXX 600 index rose 0.8 percent after falling more than four percent in the past two weeks. Sovereign bond yields in the …

Data showed on Monday that the German economy recorded a slight contraction in the third quarter, as the performance of the largest economy in Europe is still affected by weak purchasing power and high interest rates. The Federal Statistics Office said that the gross domestic product fell 0.1 percent on …

The dollar stabilized in cautious trading on Monday and kept the yen near the 150 level, as traders awaited financial policy decisions from the Bank of Japan this week, meetings of major central banks, and a series of important economic data from around the world. On Monday, the Bank of …

Japan’s Nikkei index fell on Monday, tracking declines on Wall Street in the previous session and affected by caution ahead of meetings of the Japanese and US central banks. The Nikkei index closed down 0.95 percent at 30,696.96 points, while the broader Topix index closed down 1.04 percent at 2,231.24 …

On Monday, oil prices fell by more than 1% as investors exercised caution in anticipation of the Federal Reserve’s monetary policy meeting and China’s manufacturing data release later in the week. This caution overshadowed the support generated by heightened tensions in the Middle East. At 0350 GMT, Brent crude futures …