Japan services PMI hits five-month high, supports BOJ rate hike case
Japan's services PMI hit 52.5 in August, supporting BOJ rate hike expectations amid sustained cost pressures.
Inflation, employment, growth data and central bank decisions, and how they reprice risk across markets.
Japan's services PMI hit 52.5 in August, supporting BOJ rate hike expectations amid sustained cost pressures.
New York Fed President Williams said Treasury yield surge reflects strong economy, not market dysfunction, easing alarmist interpretations.
This week's China PMI data is recapped, with Thursday's services PMI from RatingDog and implications for AUD.
Government bond yields in the US, Japan, and Europe hit multi-decade highs in a synchronized selloff reminiscent of the 2008 crisis.
Adam Back invests €7.6 million in Capital B to fund further bitcoin purchases, including 376 coins.
The Fed's Beige Book shows modest economic growth and moderate inflation since July, with mixed outlooks.
A flood of headlines from Washington on beef, oil, China, AI, bonds, and Japan as officials tout plans but face delivery challenges.
The US Mint began selling the 2026 Trump $1 coin. 250,000 coins with a July 4 privy mark are hidden in rolls and bags.
BOC Governor Macklem comments on inflation risks and policy outlook, influencing the CAD.
Bank of Canada kept policy rate unchanged, citing a broadening recovery but increased upside risks to inflation from energy prices and trade uncertainty.
US factory orders rose 0.9% in July, above the 0.6% forecast. Durable goods orders matched preliminary figures.
The Bank of Canada held its overnight rate at 2.25%, noting increased inflation risks and trade uncertainty from US tariffs.
Fed Chair Warsh's hawkish tone pushed September rate hike probability to 57%, while Nvidia earnings provided temporary support.
Global bond yields rose to multi-year highs, keeping European markets on edge. Equities fell, while USD/JPY pulled back from 160.40.
US dollar mixed vs yen, euro, pound. RBNZ hikes to 2.75%, BOC seen holding. Oil steady near $89.50 amid US-Iran tensions.