Asian stocks and bonds dropped following a surge in oil prices, as investors awaited key US inflation data Friday that may determine whether the Federal Reserve raises interest rates this month. The MSCI Asia Pacific Index slid 1.7%, set for its biggest loss in three weeks. Brent crude climbed 0.2% to $107.86 a barrel after earlier rising to almost $110. Bonds came under further pressure after the US Treasury bought back fewer securities than investors had anticipated on Thursday, pushing 10-year yields to the cusp of 5%. Asian government bonds followed Treasuries lower. Australia’s three-year yield jumped as much as 20 basis points to 5.05%, its highest level since 2011, while New Zealand’s two-year yield climbed 25 basis points. The US 10-year yield was little changed at 4.96% on Friday after surging 12 basis points in US trading. There were still some positive pockets in the markets. Oracle Corp. shares gained in extended trading after the company reported faster growth in its cloud-computing business than analysts had projected. Friday’s US consumer price index report will now be a key test for risk sentiment, with investors looking to see whether higher energy costs are spilling over into broader price pressures. Producer-price-inflation data published Thursday showed renewed pressure from rising energy prices last month, potentially adding to the case for a Fed rate hike next week. August’s CPI data is seen as increasingly pivotal, with Fed policymakers — notably Governor Christopher Waller — signaling that the outcome of the Fed’s Sept. 15-16 meeting hinges on evidence that inflation is moderating. Bloomberg Economics estimates that headline CPI accelerated in August due to a resurgence in gasoline prices, while core CPI likely rose at a similar pace to July. Treasuries fell across the curve on Thursday after the US government purchased fewer 10- to 20-year securities than investors had expected in Treasury Secretary Scott Bessent’s first expanded buyback operation. The 10-year yield has now climbed 19 basis points this week. Swaps are now pricing in about a 70% chance of a Fed hike next week and fully discounting a move by October. European Central Bank President Christine Lagarde added to concerns over tighter global monetary policy, saying the region’s inflation would remain well above target into 2027. Oil’s surge has added another complication for central banks as the conflict around the Strait of Hormuz threatens to keep energy prices elevated. An increase in attacks on shipping in the waterway has pushed up prices for oil, natural gas and diesel, adding to concerns that energy costs will feed through to inflation. Iran-backed Houthis advanced toward coastal areas along the Bab al-Mandeb Strait, gaining ground in their attempt to seize Mokha near the southern end of the Red Sea. US After Hours RH +6.9%, ORCL +4.7%, DSGX +2.4% higher on earnings; ADBE -2.3% lower on earnings; ACVA +44% to be acquired by CPRT; CELH +2.1% on CEO insider buy.
Nikkei -2.17% Hang Seng -0.55% CSI -0.96% Kospi -1.41% Shanghai -1.27% Shenzen -1.69%
Eur$ 1.1606 CNH 6.7103 CNY 6.7105 JPY 154.37 GBP 1.3504 CHF 0.8133 RUB 84.0625 TRY 48.6040 WTI$ 102.46 -0.04% Gold 4,328 -0.82% BTC 77,080 -0.21% ETH 2,458.4 -0.10%
S&P +0.30% Nasdaq +0.20% EuroStoxx +0.24% FTSE +0.20% Dax +0.18% SMI +0.10%
Macro :
- Brent Oil Trades Near $107 as Houthi-Saudi Fighting Escalates
- Saudi crown prince urged Trump to strike Houthis amid Red Sea threat
- UAE Plans to Invest $46 Billion in Germany From AI to Energy
- UAE Plans to Invest $46 Billion in Germany From AI to Energy
- Bitcoin Slips Further Below $80,000 as the Range Trade Resumes
- UK Grid Needs £70 Billion Upgrade as Consumers Face Higher Bills
- Ebola Spreads to Seventh Congo Province After Long-Distance Trip
- The Dutch Village in the Path of Europe’s Energy Transition
Keep an eye on :
Keep an eye on :
- ADBE US : Adobe Sees 4Q Revenue $6.80B to $6.85B, Est. $6.85B
- AGS BB : Ageas Completes Sale of 30.95% Stake in MAHB to Maybank
- AB US : AllianceBernstein Assets Under Management $919B Vs. $844B Y/y
- ALV GY : Insurers Zurich and Allianz have exposure linked to Radiant World
- APO US : Apollo Sports Capital Has Interest in NFL Stake, CEO Tylis Says
- AZM IM : Azimut Gets Antitrust Nod for Yapi Kredi Yatirim Acquisition
- BEI GY : Beiersdorf Hiked Nivea Investment Delays Profit Repair to 2028
- BEI GY : Beiersdorf Hiked Nivea Investment Delays Profit Repair to 2028
- BX US : Blackstone Preps Buying More TPUs Than Previously Shared: Info
- CHEMM DC : ChemoMetec FY Outlook Below Consensus
- CEG US : Constellation to Buy Rhode Island State Energy Center From Shell
- DIE BB : Windshield Giant Belron Is Said to Seek Banks for Amsterdam IPO
- ELIS FP : Elis To Redeem €380m 2.25% Conv. Notes Due 2029
- ETL FP : Astroscale's French Subsidiary Wins 13.2 Million Euro Deorbiting Contract
- FRVIA FP : FORVIA HELLA CFO Vienney to Step Down in February 2027
- FRA GY : Fraport Aug. Frankfurt Airport Passengers 6.3M
- GDWN LN : Cerberus to Buy Part of Goodwin Unit for up to About £1.1B Cash
- HBR LN : Harbour Energy Holder BASF Handels- & Export Offers 80m Shares, *HARBOUR ENERGY OFFERING PRICED AT 266P/SHR: TERMS
- INTC US : Intel-Backed Altera Seeking IPO as Soon as 2026, Reuters Says
- IOS GY : IONOS to Cut About 450 Jobs in Transformation Program
- ORCL US : Oracle 1Q Adjusted Revenue Beats Estimates
- ORCL US : Oracle’s GPU Pricing Lifts the Hyperscaler Trade: Equity Insight
- ORSTED DC : Orsted Gets Final Opinion on Taxation of UK Offshore Projects
- PRY IM : Prysmian Capital Increase for Atkore Deal Prices at EU121/Share
- RH US : RH 2Q Adjusted EPS Beats Estimates --> +15%
- NVDA US : Nvidia CEO Touts Cybersecurity as Next Big AI Market
- OMV AV : OMV Petrom Buys Battery Energy Storage System for Solar Park
- Open AI IPO : OpenAI Is Open to Slowing Cutting-Edge AI, Altman Tells Staff
- APN LN : Protein Powder Executives Offer Stake After 113% Gain, Romania Aug. Consumer Prices Rise 6.17% Y/y, Est. +6.60%
- RECT BB : Balcaen Controlled Companies to Act in Concert on Recticel Stake
- ENH NO : SED Energy to Buy Ventura Offshore in All-Share Deal
- SNP RO : OMV Petrom Buys Battery Energy Storage System for Solar Park
- SPCX US : SpaceX’s Next Starship Flight Will Generate Revenue, CFO Says
- STLA US : Stellantis CEO Says Company on Track to Deliver Mid-Term Targets
- TEF SM : Virgin Media O2 Holders Propose ~£600m Cost Cuts, FT Reports
- TSLA US : Tesla China Launches New Model Y Performance AWD Model
- TRN LN : Trainline Sees Earnings Slightly Ahead of Guidance
- UCG IM : UniCredit Board Approves Capital Increase for Commerzbank Offer
- 1U1 GY : United Internet Sees ~EU95M Charge from Restructuring at Units
- MTN US : Activist Oasis Seeks Board Seats at Vail Resorts: Semafor
- VTURA NO : SED Energy to Buy Ventura Offshore in All-Share Deal
- FHZN SW : Zurich Airport Aug. Passenger Traffic +1.8%
- ZURN SW : Insurers Zurich and Allianz have exposure linked to Radiant World