Gold Prices Surge 7% as Dollar Falls, Fed Rate Hike Bets Ease 
Asian Currencies Hold Steady as US Dollar Nears Seven-Week Low Ahead of Key Jobs Data 
US Job Growth Seen Picking Up in July 
Oil Prices Slip as Hormuz Shipping Progress and Rising U.S. Crude Stocks Weigh on Market 
China Trade Surplus Beats Forecasts in July as Exports Stay Strong 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
Wall Street Ends Mixed as Dow Hits Record Despite Tech Weakness 
Asian Stocks Slip as AI Rally Fades, Oil Holds Steady on Iran Peace Deal Hopes 
The U.S. Treasuries flattened during Tuesday’s afternoon session ahead of the country’s Conference Board consumer confidence survey results for the month of September, scheduled to be released today by 14:00GMT. Also, the short-term 2-year auction, due later today will direct markets thoroughly.
The yield on the benchmark 10-year Treasury yield slipped 1/2 basis point to 1.703 percent, the super-long 30-year bond yield edged tad 1 percent down to 2.143 percent and the yield on the short-term 2-year hovered around 1.675 percent by 11:40GMT.
While US stocks yesterday moved broadly sideways for a second successive day (like on Friday, the S&P again closed effectively unchanged), many Asian markets today have had a better day, Daiwa Capital Markets reported.
With Japan’s flash PMIs (see below) reporting only a modest weakening (in contrast with yesterday’s dire euro area indices), the Topix returned from yesterday’s holiday with a rise of 0.4 percent on the day, the report added.
And while Governor Yi Gang stated that the PBoC would be in no rush to cut rates aggressively or introduce QE, China’s main indices also moved higher (the CSI300 closed up 0.3 percent), after US Treasury Secretary Mnuchin stated that Vice Premier Liu He will visit Washington DC in the w/c October 7, Daiwa further noted in the report.
Meanwhile, the S&P 500 Futures remained tad 0.35 percent up at 3,007.38 by 11:45GMT.
