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Asian markets declined significantly on Wednesday following severe military clashes between the US and Iran, while oil prices saw modest gains. Investors remain cautious as they await critical US inflation data, which could alter interest rate pathsTraderKnows
Japan's May Corporate Goods Price Index rose 6.3% YoY, beating expectations and driving the 10-year JGB yield up to 2.695%. Rising inflation concerns and the upcoming BOJ meeting are dampening demand outlook for today's 30-year bond auction.TraderKnows
Latest ZATCA data reveals Saudi Arabia imported 1.9 million vehicles over two years, with China overtaking Japan for the top spot. Saudi Arabia is accelerating localization through the King Salman Automotive Industrial Park.TraderKnows
China's interbank bond yields flipped to modest gains after an early drop on Wednesday. Market sentiment turned cautious ahead of a 10-year sovereign bond auction, pressured by the PBOC's continuous withdrawal of medium-to-long-term liquidity and notTraderKnows
Driven by rising energy costs from Middle East conflicts, US May CPI is projected to hit a three-year high. Sticky core inflation and a resilient labor market may support the Federal Reserve keeping interest rates unchanged this year.TraderKnows
The US Department of Defense updated its 1260H list, adding major tech and EV firms including Alibaba, BYD, and Nio. The list restricts direct and indirect DOD procurement but does not ban securities trading. Impacted firms stated operations remain nTraderKnows
Japan's May CGPI rose 6.3% YoY, surpassing expectations due to energy costs. The Ministry of Finance's 30-year bond auction saw the bid-to-cover ratio drop to 2.94, increasing market rate hike expectations ahead of the BOJ meeting.
Spot gold fell below $4,200/oz following three rounds of US air strikes on Iran. Oil prices rebounded on supply concerns, stoking global inflation fears and pressure on non-yielding assets. Analysts eye next support at $4,100.
Despite the Strait of Hormuz being closed for over 100 days, oil prices remain under $100. Ample global inventories, non-OPEC production growth from the US and Brazil, and strategic stock drawdowns by China have provided critical cushions against the
A source reveals that the $1.5 billion USD demand tied to SpaceX's historic IPO has been absorbed, easing pressure on the Korean Won. Meanwhile, South Korean regulators launch a joint FX bank inspection for the first time in 14 years.
Goldman Sachs highlights that global AI capex is nearing $1 trillion, shifting from a capability race to a monetization battle. As open-source alternatives prompt firms to delay spending, a $100B leveraged exposure in semiconductor stocks could ampli
US President Donald Trump stated a US-Iran deal could be signed within days but warned that a collapse of talks leading to full-scale conflict could close the Strait of Hormuz for months. The US military also confirmed an Apache helicopter crash in t
