Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Trump Questions USMCA Renewal as Trade Talks Continue 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
German Industry Employment Falls to Lowest Level in a Decade 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Japan’s Nikkei 225 slid on Friday, erasing its gains for the week and diverging from mostly positive Asian markets as investors turned cautious ahead of a crucial U.S. inflation reading that could influence the Federal Reserve’s next move. European markets pointed to a muted open, with EURO STOXX 50 and FTSE futures largely unchanged, while Nasdaq and S&P 500 futures posted modest gains.
The Nikkei fell 1.3% after weaker household spending data underscored persistent inflation pressures and fueled expectations of a Bank of Japan rate hike later this month. The index was poised to finish the week flat. Japan’s 10-year government bond yield briefly touched 1.94%—its highest level since 2007—before easing to 1.93%. The benchmark yield was on track for its sharpest weekly rise since March, though solid auction demand signaled that cheaper bond prices continue to attract buyers. Market strategist Nigel Green noted that capital flows are shifting and long-held assumptions about the yen are being challenged as Japan edges toward policy normalization.
Investors now see a 75% probability of a quarter-point BoJ rate hike, supported by comments from Governor Kazuo Ueda, who said the central bank would evaluate the “pros and cons” of tightening. Reuters sources also indicated government tolerance for a December hike. The yen strengthened, pushing the dollar down 0.3% to 154.61.
Across Asia, the MSCI Asia-Pacific index outside Japan rose 0.4% and was on pace for a 1% weekly gain, buoyed by a 1.4% climb in South Korean equities.
The U.S. dollar extended its recent weakness, pressured by expectations of a Fed rate cut next week. Markets are pricing a 90% chance of a quarter-point reduction despite deep divisions among policymakers. Investors now await the Fed’s preferred inflation gauge—the PCE price index—with forecasts pointing to a 0.2% rise in core inflation.
Treasury yields edged lower after Thursday’s increase, while oil prices dipped and gold ticked higher, though both were set for mixed weekly performance.
