Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Fed Unveils Stablecoin Rules Under GENIUS Act 
China Agrees to Buy 20 Million Tons of U.S. Coal 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
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Asian stocks were mostly higher on Friday as markets welcomed short-term relief after U.S. President Donald Trump delayed a decision on whether the U.S. will join the escalating Israel-Iran conflict. However, Japanese shares underperformed due to stronger-than-expected inflation data and growing expectations of interest rate hikes by the Bank of Japan.
The Nikkei 225 and TOPIX slipped 0.1% and 0.3% respectively, pressured by a strengthening yen and concerns over future monetary tightening. Japan’s core CPI for May jumped to its highest level in nearly two and a half years, while underlying inflation also hit a one-year peak. The data, alongside hawkish BOJ meeting minutes, fueled speculation that the central bank could raise rates as soon as July.
In contrast, tech-heavy Asian markets rebounded. South Korea’s KOSPI surged 1.1%, reaching a two-year high, and Hong Kong’s Hang Seng gained 0.8% on revived risk sentiment. U.S. markets remained closed for the Juneteenth holiday, but S&P 500 Futures fell 0.3% in Asian trade, still weighed by the Federal Reserve’s hawkish tone and reduced rate cut projections for 2026.
China’s Shanghai Composite and CSI 300 inched up 0.1% and 0.3% respectively, showing muted response to the PBOC’s decision to keep its loan prime rate steady. However, expectations remain for further easing this year to combat sluggish growth.
Australia’s ASX 200 dipped 0.5%, while Singapore’s Straits Times rose 0.1%. India’s Gift Nifty 50 Futures edged up 0.2%, indicating a positive start for local markets.
Geopolitical tensions and central bank actions continue to drive regional sentiment, with investors closely watching inflation trends and monetary policy signals.
