Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Trump, Xi Focus on Trade and AI at White House Summit 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
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Asian shares climbed Monday, fueled by strong demand for tech giants like Nvidia, Alphabet, and Amazon, pushing S&P 500 futures to a fresh all-time high. Nasdaq futures rose 0.3%, while S&P 500 e-minis added 0.2%. Japan’s Nikkei jumped 1%, South Korea’s KOSPI gained 0.5%, and MSCI’s Asia-Pacific index outside Japan edged up 0.1%.
The bullish sentiment came despite caution over U.S. fiscal policy. Investors are watching progress on President Trump’s massive tax-and-spending bill, which the Congressional Budget Office estimates could add $3.3 trillion to U.S. debt. Meanwhile, Friday’s holiday brings U.S. non-farm payrolls data forward, with economists forecasting a modest 110,000 job gain and a rise in the unemployment rate to 4.3%.
Weaker labor data could boost odds of a July rate cut from the Federal Reserve. JPMorgan’s Michael Feroli noted that rising continuing claims and falling consumer confidence point to softening job conditions. A higher unemployment print could shift futures to price in deeper cuts beyond the currently expected 63 basis points for 2025.
U.S. Treasury yields held steady at 3.27% as easing expectations supported bonds despite concerns over ballooning deficits. However, the dollar weakened on expectations of slower growth and rate cuts. The euro hovered at $1.1731, sterling at $1.3719, and the yen strengthened to 144.48 per dollar. The U.S. dollar index slipped to 97.163, with Capital Economics warning further declines may trigger a broader selloff.
Gold prices fell to $3,266/oz as risk appetite returned, while oil extended its losses. Brent crude dropped to $67.22 and WTI to $64.84 amid concerns over rising OPEC+ supply and last week’s steep 12% drop.
