The US benchmark oil price hit $95 a barrel for the first time in more than a year after a drop in stockpiles at the nation’s major storage hub to critical levels highlighted a widening global supply deficit.
The 10-year Treasury yield reaching 5% depends on whether investors are convinced the economy will continue to strengthen and that the Federal Reserve will keep interest rates high for longer, researchers at Bank of America said.
The U.S. is expected to indefinitely extend a waiver granted to South Korean chipmakers Samsung Electronics and SK Hynix on needing licenses to bring U.S. chip equipment into China, Yonhap news agency reported on Wednesday.
On Tuesday evening, the Senate released a deal that is likely the last chance to avert a government shutdown.
U.S. Treasury yields scaled a fresh 16-year peak on Tuesday, underpinning the dollar near a 10-month summit, as investors responded to the message from the Federal Reserve and other major central banks of rates staying elevated for longer.
Japan’s world-beating stock rally should continue to fuel sales in both its primary and secondary equity markets through next year, according to BofA Securities Japan Co.
SoftBank Corp. will decide as early as Monday to raise as much as ?120 billion ($809 million) via Japan’s first public offering of bond-type class shares, according to people familiar with the situation.
Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand.
Oil headed for its first weekly loss in four after the Federal Reserve flagged a further rise in US interest rates this year, damping appetite for risk assets and overshadowing physical tightness in the crude market.
A tool deployed by the People’s Bank of China to defend the yuan may result in some collateral damage: a weakening in demand from bond investors who like to hedge their currency exposure.
The dollar hit fresh peaks on Thursday, sitting around its highest against the yen since November after a hawkish pause by the U.S. Federal Reserve.
There will be no celebratory ringing of the bell at the NYSE or a climactic moment when Fed Chair Powell calls the president to say, “We did it, Joe.”
Oil fell after a breakneck rally as wider markets held a cautious tone ahead of a Federal Reserve meeting, and crude’s metrics continued to signal that prices may have risen too far, too fast.
Chinas BYD has set the suggested retail pricing of its Dolphin electric vehicle in Japan at 3.63 million yen ($24,565.20), its website showed on Wednesday.
China’s central bank will strengthen efforts to stabilize trade and improve the business environment for foreign firms, its governor said Monday, adding to pledges among top leaders this year to open up to overseas investors.
