Public Markets 3h Briefing
×Commodities & Energy
Oil prices investing.com remain steady ahead of US-Iran nuclear talks, with data showing a significant inventory buildup. In Asian trading, oil rose wsj.com on likely position adjustments before today's negotiations between the US and Iran.
Currencies & FX
The offshore yuan bloomberg.com reached its strongest level in nearly three years versus the dollar after China signaled tolerance for a managed appreciation. Meanwhile, the yen outperformed bloomberg.com Group-of-10 currencies after a hawkish Bank of Japan board member renewed calls for further rate increases.
Japanese Markets
Japan's Nikkei 225 investing.com hit a record high on cooling rate hike bets and technology gains. This comes as Toyota bloomberg.com plans a $19 billion share sale by 2026 to unwind strategic holdings, boosting Japan's corporate reform efforts. The Bank of Japan's most hawkish board member Hajime Takata bloomberg.com renewed his call for raising benchmark interest rates.
Tech & AI
OpenAI investing.com has hired an ex-Apple AI head from Meta, while Amazon's $50 billion investment in the company is reportedly tied to either an IPO or AGI milestone. US stock futures investing.com fell as Nvidia curbed post-earning gains.
Emerging Markets
Indonesia bloomberg.com raised $4.5 billion in its biggest global bond sale since at least 2017, overcoming concerns about potential credit rating downgrades. World's biggest money managers bloomberg.com are favoring emerging markets, which are shaping up to be one of this year's standout trades.