BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Foreign ownership of U.S. Treasuries surged again in May, surpassing $9 trillion for the third consecutive month, according to U.S. Treasury Department data. Total holdings rose to $9.045 trillion, up from $9.013 trillion in April and 11.2% higher than a year ago. On a transactional basis, foreign investors bought $146 billion in Treasuries in May, rebounding sharply from April’s $40.8 billion in outflows triggered by President Donald Trump’s tariff announcements.
The renewed appetite for U.S. government debt marked the largest monthly foreign Treasury purchase since August 2022. The volatility in April, sparked by tariffs on April 2, drove investors away temporarily, but May saw a strong recovery in demand.
Japan maintained its position as the largest foreign holder with a record $1.135 trillion. The UK, now the second largest holder, increased its stake to an all-time high of $809.4 billion. Often considered a proxy for hedge fund investments, the UK is commonly used as a custody location, along with the Cayman Islands and the Bahamas.
China, however, continued reducing its holdings, falling to $756.3 billion in May — the lowest since February 2009. The country’s Treasuries have been declining for four straight months, far from its $1.3 trillion peak seen between 2012 and 2016. Analysts attribute this drop to China's efforts to support the yuan amid slowing economic growth and declining dollar inflows from exports.
Canadian investors also reversed their stance, boosting holdings to $430.1 billion in May after significant April selloffs driven by U.S. tariffs on steel and automobiles.
Foreign inflows into U.S. equities also surged, totaling $114.3 billion in May. Overall net capital inflows into the U.S. reached $311.1 billion, the largest since September 2024.
