U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Fed Unveils Stablecoin Rules Under GENIUS Act 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
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Oil prices slipped slightly in early Asian trading on Wednesday as increased OPEC+ output and global economic concerns outweighed recent gains. Brent crude fell 5 cents to $65.58 per barrel, while U.S. West Texas Intermediate (WTI) declined 9 cents to $63.32.
The retreat followed a 2% rise on Tuesday, driven by fears of supply disruptions from wildfires in Canada and uncertainty over U.S.-Iran nuclear negotiations. Market participants expect Iran to reject the latest U.S. deal proposal, which would have eased oil-related sanctions.
Tsuyoshi Ueno, senior economist at NLI Research Institute, noted that despite Canadian supply concerns and halted Iran talks, oil markets are struggling to extend gains. Rising output from OPEC+ is capping price momentum, he said.
Geopolitical tensions also weigh on sentiment. While a potential call between U.S. President Donald Trump and China’s Xi Jinping is anticipated this week, investor optimism remains muted amid prolonged tariff disputes. Trump recently accused China of reneging on tariff rollback commitments, prompting the U.S. to demand trade concessions from partners by Wednesday.
Economic outlooks have dimmed further. The OECD slashed its global growth forecast on Tuesday, citing mounting damage from the trade war. Analysts fear continued uncertainty will dampen energy demand.
Meanwhile, Canadian wildfires continue to disrupt crude output, adding volatility to supply dynamics. In the U.S., crude inventories dropped by 3.3 million barrels last week, according to the American Petroleum Institute. Gasoline stocks, however, rose by 4.7 million barrels, and distillate inventories increased by 760,000 barrels.
A Reuters survey predicted a smaller 1 million barrel draw in crude stocks. Traders now await official inventory data from the U.S. Energy Information Administration (EIA) for further direction.
