Asia Stocks Advance: MSCI's Asia Pacific equity gauge climbed 0.44% on the final trading day of the quarter as a rally in semiconductor stocks helped the S&P 500 snap its recent losing streak, supporting broader risk sentiment across the region.
Yen Weakens, Japanese Yields Jump: The Japanese yen extended its recent losses to 162.25 against the dollar, while Japan's 30-year government bond yield rose 10 bps to 3.93%. The moves have renewed speculation over potential intervention, with Finance Minister Satsuki Katayama stating that Japan will respond appropriately to foreign exchange developments at any time.
Oil Holds Near $72: Brent crude continued to trade around the $72.50 mark as traders monitored geopolitical developments and assessed the outlook for global demand.
Gold Extends Decline: Spot gold fell a further 1.28% to around $4,015 an ounce, with easing safe-haven demand and resilient risk appetite continuing to weigh on prices.
Economic Calendar
- UK Quarterly GDP
- France CPI
- Germany CPI
- Germany Jobless Rate
- Canada GDP
- Russia Current Account Balance
Key Market Moves Today
- S&P 500 Futures: +0.09% (7,506)
- U.S. 10-Year Yield: -0.39 bps (4.37%)
- Brent Crude: -0.87% ($72.51)
- Bitcoin: -1.27% ($59,453)
- Spot Gold: -1.10% ($3,971)
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