Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
China Inflation Accelerates in August as CPI, PPI Rise 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Gold Prices Rise as Yen Rally Weakens Dollar 
Norway Core Inflation Rises to 3% in August 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Asian Currencies Steady as Yen Holds Firm, Oil Tops $100 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
German Inflation Accelerates to 2.9% in August 
Gold Prices Steady Ahead of U.S. Inflation Data and Fed Decision 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
Fitch Eyes Japan Budget for Fiscal Discipline 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
China Buys 1 Million Tons of U.S. Soybeans Ahead of Xi Visit 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
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Asian Stocks Surge, Dollar Hits 7-Week High
Asian stocks surged on Monday, with the dollar reaching a seven-week peak against the yen. The rally was sparked by robust U.S. labor data, easing recession fears and reducing expectations for rate cuts.
U.S. Treasury Yields & Job Growth
Short-term U.S. Treasury yields rose after U.S. non-farm payrolls data reported the highest job growth in six months. The strong labor market sent Dow futures slightly higher, pointing to continued gains.
Stock Market Highlights
- Japan’s Nikkei: Up 2%, supported by a weaker yen.
- Australia’s Benchmark: Rose 0.12%.
- South Korea’s Kospi: Increased by 0.29%.
- MSCI Asia-Pacific Index: Climbed 0.4%.
Crude Oil & Geopolitical Tensions
Oil prices dipped from recent highs, despite escalating tensions in the Middle East. Brent crude fell to $77.40 per barrel, and U.S. crude dropped to $73.85 per barrel.
Currency Market Movements
The U.S. dollar hit 149.10 yen, the highest since August, while the euro eased to $1.0971. Japan's top currency official pledged to monitor forex movements closely.
Federal Reserve & Interest Rates
Bets on a larger Federal Reserve rate cut in November faded, with traders now predicting a quarter-point reduction or no change, according to the CME FedWatch Tool.
Treasury Yields & Gold Prices
The two-year U.S. Treasury yield reached its highest in over a month at 3.9488%. Gold edged slightly lower to $2,649.29 an ounce.
