Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Trump, Xi Focus on Trade and AI at White House Summit 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
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Oil and gold prices moved higher on Wednesday as rising geopolitical tensions kept investors cautious ahead of key U.S. inflation data, while Asian stocks posted modest gains.
U.S. crude oil rose 0.89% to $83.94 a barrel, while Brent crude gained 0.78% to $89.60. Both benchmarks settled more than $1 higher on Tuesday, reaching their highest closing levels since July 31. Oil prices have continued to climb following renewed concerns over shipping disruptions and tensions involving Iran and the Middle East.
Spot gold advanced 0.46% to $4,387.03 an ounce as investors sought safer assets amid heightened geopolitical uncertainty. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.5%, while Japan’s Nikkei was little changed after reopening from a holiday.
Markets were also focused on the U.S. consumer price index (CPI) report, which could influence expectations for the Federal Reserve’s next interest-rate decision. Economists surveyed by Reuters expect consumer prices to rise 0.1% in July after falling 0.4% in June. Annual inflation is forecast to slow to 3.4% from 3.5%.
Geopolitical developments added to market uncertainty. The United States and Yemen’s Iran-aligned Houthis reported separate attacks involving shipping, while North Korea launched a ballistic missile ahead of planned military exercises between South Korea and the United States. Taiwan also criticized planned naval drills involving China and Indonesia.
The yen remained under pressure against the dollar after recently reversing much of its gains following suspected currency-market intervention by Japan and the United States. The dollar traded around 159.31 yen, while Japan’s five-year government bond yield reached a record 2.1%.
European equity futures pointed to a slightly weaker open, with Euro Stoxx 50, German DAX and FTSE futures all declining. U.S. S&P 500 futures were nearly flat.
Investors are now closely watching the U.S. CPI data for clues about the Federal Reserve’s rate path. A softer-than-expected inflation reading could support Treasury bonds and risk assets, while stronger inflation could reinforce expectations for tighter monetary policy.
