Fed Unveils Stablecoin Rules Under GENIUS Act 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Trump, Xi Focus on Trade and AI at White House Summit 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
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 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
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The Japanese yen firmed on Thursday, reaching a two-month high of 150.62 per U.S. dollar, as investors sought safe-haven assets amid concerns over U.S. President Donald Trump’s tariff agenda. The dollar held steady, while the euro and sterling eased, with the British pound slipping to $1.2594.
Trump announced upcoming tariffs on timber, cars, semiconductors, and pharmaceuticals, echoing previous remarks about imposing a 25% tariff on autos and similar duties on other sectors. Investors remain cautious about the potential economic impact, though markets have grown accustomed to his transactional approach. Meanwhile, Trump also pledged tax cuts for individuals and businesses, adding to market uncertainty.
Federal Reserve minutes revealed officials’ concerns about inflation risks tied to Trump’s trade and immigration policies, reinforcing a patient stance on rate cuts. The dollar index hovered near a one-week high at 107.15.
In the Asia-Pacific region, the Australian dollar edged up 0.07% to $0.6350 after a mixed jobs report, while the New Zealand dollar remained flat at $0.5705. Reserve Bank of New Zealand Governor Adrian Orr stated that another 50-basis-point rate cut would require a significant economic shock.
China left its benchmark lending rates unchanged, prioritizing financial and currency stability. The offshore yuan gained 0.1% to 7.2788 per dollar.
Geopolitical tensions also influenced market sentiment after Trump referred to Ukrainian President Volodymyr Zelenskiy as a “dictator” amid ongoing Russia-Ukraine negotiations. Investors remain watchful as uncertainty looms over global trade, central bank policies, and geopolitical developments.
