BoJ policy uncertainty and the carry trade risk: echoes of August 2024 The macro backdrop is further complicated by the Bank of Japan’s (BoJ) evolving policy trajectory. At the April meeting, three of the nine board members voted to raise rates — the most divided outcome since 2016. Governor Ueda has since sharpened his tone,
Key takeaways Technology stocks remain under pressure as the AI trade undergoes a valuation reset. Semiconductor shares led another volatile session, with investors rotating capital away from existing tech winners amid concerns over stretched valuations and a growing pipeline of mega-sized IPOs, including SpaceX and OpenAI. Geopolitical uncertainty continues to drive market sentiment. Renewed US-Iran
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Gold’s selloff accelerated again as fresh headlines from the Middle East suggest the US and Iran are moving further away from a peace deal rather than closer to one. With the Strait of Hormuz still constrained and energy markets facing prolonged disruption, investors continue to focus on the inflation fallout. Persistent fears of higher-for-longer interest
Iranian drone strikes on the US Fifth Fleet in Bahrain represent a fundamental escalation, taking the conflict out of Iranian territory and into the heart of the Gulf’s US military infrastructure. Bahrain’s air defenses are reported to have repelled the attack, but the mere fact that Iran has struck a US base in a third
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Producer prices in Japan were up 0.9 percent on month in May, the Bank of Japan said on Wednesday. That exceeded expectations for an increase of 0.5 percent following the upwardly revised 2.8 percent jump in April (originally 2.3 percent). On a yearly basis, producer prices jumped 6.3 percent – again topping forecasts for 5.6
2026.06.09 2026.06.10 Weekly Economic Calendar for 15.06.2026–21.06.2026 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Next week, five of the world’s largest central banks will announce their interest rate decisions. The key event will be the Federal Reserve meeting on Tuesday and Wednesday. While the Fed is widely expected to leave rates unchanged, investors will closely watch the accompanying statement and
US crude oil inventories declined by 9.1 million barrels in the week ended June 5, far exceeding expectations for a 3.4 million-barrel draw and following a 6.7 million-barrel drop the previous week. Even after a cumulative reduction of roughly 44 million barrels over the past eight weeks, overall crude stocks still stand about 7 million
A direct, named threat from Iran’s Foreign Minister raises the geopolitical risk premium a notch above anonymous state media statements. Language referencing battlefield defeats and historical consequences for outside powers suggests Tehran is not inclined to absorb the strikes quietly. Any Iranian counter-strike on US assets or regional shipping infrastructure would put Hormuz back at
Japan’s m/m ‘wholesale inflation’ measure, PPI, is expected to pull back. For China, m/m CPI is expected to be subdued, despite rising costs for manufacturers,- both for the inputs they buy and the goods they produce, as a result of the Middle East conflict. Further upward pressure is likely from the surge in electronic component
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There were rumors that Mythos would get a public release today and that’s proven to be true. Anthropic is calling it Fable 5 and says it’s a ‘Mythos level’ model. It’s been immediately rolled out and says it takes 2x the usage of Opus, so those rate limits will come fast. Fable 5 is clearly
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A report released by the National Association of Realtors on Tuesday showed existing home sales in the U.S. spiked by much more than anticipated in the month of May. NAR said existing home sales surged by 3.2 percent to an annual rate of 4.17 million in May after climbing by 0.8 percent to an upwardly
Here are the pre-market levels: S&P 500 +40 or +0.5% Nasdaq +258 points Russell 2000 +26 points The market is optimistic about a wrap-up in the Hormuz mess after Trump said a deal could come in the next couple days. That was underscored by a report in the past hour that Saudi Arabia was passing
Global markets showed signs of stabilization today, but conviction remained notably absent as investors positioned cautiously ahead of Wednesday’s pivotal US CPI report. Technology shares rebounded strongly across Japan and South Korea, oil prices eased, and Dollar softened. Yet the moves appeared driven more by profit-taking and position adjustment than by a decisive shift in
