This post was originally published on this site.Benchmark 10-year hits 5.04% as investors continue to sell government debt in expectations of Fed rate increase
Category: Business
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China’s economy shows signs of weakness as investment slumps
This post was originally published on this site.Deteriorating domestic indicators add pressure on policymakers to increase stimulus spending
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EUR/USD Softens Below 1.1630 After ECB Rate Hike and Surging Oil Prices
The euro slipped below 1.1630 against the US dollar following the European Central Bank’s decision to raise interest rates for a second time since the Middle East conflict began. The pair touched an intraday low near 1.1596 earlier in the week before stabilising around 1.1615, as investors weighed competing forces from both sides of the...
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AUD/USD Holds Near 0.7150 as Hawkish RBA Signals Offset Global Risk Headwinds
The Australian dollar steadied around 0.7150, consolidating near multi-week highs as hawkish rhetoric from Reserve Bank of Australia officials reinforced expectations of a near-term rate hike. AUD/USD traded within a tight 0.7196 to 0.7226 range in recent sessions before pulling back as risk sentiment soured on escalating Middle East tensions. Brokers from Financial Real Time...
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USD/JPY Retreats Toward 154.00 as Yen Recovers From Seven-Month Highs
The Japanese yen strengthened past the 154.00 mark against the US dollar, recovering from the session’s weakest levels as competing monetary policy signals from Tokyo and Washington created a tug-of-war across the pair. USD/JPY fell to 153.70, down 0.16% from the prior session, with the yen gaining support from rising expectations of further Bank of...
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Brent Crude Surges Past $108 as Middle East Escalation Disrupts Global Supply Chains
Brent crude oil prices surged past $108 per barrel, reaching their highest level since mid-May as escalating military confrontations in the Persian Gulf reignited fears of prolonged disruptions to global energy supply. The international benchmark gained more than 3.4% in a single session earlier this week, with WTI crude also climbing to settle near $96....
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Gold Slides Below $4,350 as Strong US PPI Data Fuels Fed Rate Hike Expectations
Gold dropped sharply this week, dropping below the $4,350 mark as higher US producer price data reinforced market expectations of a FRS rate hike at the upcoming policy meeting. The precious metal, which had already been under pressure from rising Treasury yields and a firmer dollar, saw its third consecutive weekly decline. Despite the near-term...
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Medical Properties Trust Dividend Evaluation Highlights Yield Attractiveness Alongside Long-Term Sustainability Concerns
With Medical Properties Trust Inc (NYSE: MPT) set to enter its next distribution cycle, equity investors with an income bias are taking a hard look at the trust’s payout arrangements. The healthcare REIT has put market focus on its historical patterns and the sustainability of its cash flow by way of a recent $0.09 per...
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Gold Prices Stabilize Between Key Moving Averages As Markets Await Critical United States Inflation Releases
Precious metal markets are demonstrating notable resilience, with Gold (XAU-USD) holding firm above the $4,400 threshold following a rebound from recent weekly lows near $4,350. Bullion buyers are closely evaluating incoming macroeconomic catalysts, specifically focusing on forthcoming United States inflation metrics, including the Producer Price Index and Consumer Price Index reports. While shifting currency valuations...
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Treasury Leadership Issues Urgent Warnings Regarding The CLARITY Act As Bitcoin Valuations Target Ambitious Milestones
Participants in the financial markets across the digital asset sector are keeping a close eye on the legislative developments surrounding the CLARITY Act (NASDAQ: COIN) and the broader dynamics of the cryptocurrency market. Recently, the leadership of the federal treasury issued a warning to lawmakers, stating that if they did not move forward with landmark...