The latest Market Talks covering FX and Fixed Income. Published exclusively on Dow Jones Newswires throughout the day. Standard Chartered's Edward Lee said tariffs might continue to weigh on growth. "U.S.'s Brazil Tariff Move Spotlights Continued Trade Risk -- Market Talk," at 0439 GMT on July 16, misstated his first name.

0718 GMT - Eurozone government bond yields fall in early trade, tracking U.S. Treasury yields lower. Oil prices edge slightly higher but their rise is limited, with Brent crude trading at $84.55 per barrel, still significantly below the Middle East war-time peak of $126.41 on April 30. The data calendar is light on Friday, although eurozone balance of payments data for May and final harmonized CPI data for June are due for release. There is no government bond issuance due. The yield on the August 2036-dated Bund yield falls 1.8 basis points to 3.120%, according to LSEG. (emese.bartha@wsj.com)

0439 GMT - The U.S.'s move to impose a 25% duty on some Brazilian goods shows that while the tariff threat has faded into the background, trade risks are from over. Tariffs moved out of focus in recent months as the Middle East conflict dominated headlines, but still lurk in the background and might continue to weigh on growth, Standard Chartered's Edwin Lee says. The U.S.'s Section 301 tariffs on 60 trade partners are likely to take effect over the coming weeks, as Section 122 tariffs are due to expire. The broader risk is that the U.S. may seek to rebuild its tariff structure using more legally durable measures, says Lee. The midterm elections are a key focal point, as they could drive a more hawkish trade stance from the Trump administration. (fabiana.negrinochoa@wsj.com)

0717 GMT - Bitcoin falls on growing risk aversion among investors, with equity markets dropping due to hefty selling in AI-linked technology stocks. Equities lose ground in Asia and open lower in Europe. Tensions between the U.S. and Iran also weigh on sentiment, with the U.S. on Thursday announcing strikes on Iranian targets for a sixth straight day. Cryptocurrencies have been helped recently by weaker U.S. inflation data and fading worries about U.S. interest-rate hikes, but these factors have been offset by higher oil prices due to renewed Middle East tensions, Trade Nation's David Morrison says in a note. Bitcoin falls 1.9% to $62,866, LSEG data show. (jessica.fleetham@wsj.com)

0714 GMT - Malaysia's electronics exports should remain strong as global AI infrastructure spending expands, while continued data-center development should provide further support to investment, says Capital Economics' Gareth Leather in a note. As a small net commodity exporter, Malaysia is also better positioned to withstand higher oil prices compared with regional peers, the senior Asia economist says. Malaysia's data-center sector is already the largest in Southeast Asia, with substantial further investment planned. While inflation may rise slightly due to supply disruptions and food price pressures, it should remain contained at a level that Bank Negara Malaysia is comfortable with, he reckons. Bank Negara is likely to keep its policy rate unchanged through 2027, given still strong growth and contained price pressures, CE adds. (yingxian.wong@wsj.com)

0711 GMT - The resumption of the Middle East war begs the question of what has been achieved, says Shane Oliver, chief economist at AMP. Iran is arguably now stronger having proved it can block the strait, its government is more hardline, there is no resolution to its nuclear ambitions and it still has missiles and drones, he adds. There are parallels with the Ukraine and Vietnam wars that showed a superior military power can be challenged, though they didn't threaten the global economy to the same degree, he adds. (james.glynn@wsj.com; X @JamesGlynnWSJ)

0707 GMT - The Reserve Bank of New Zealand is in a tough spot. With the war in the Middle East pushing oil prices sharply higher, New Zealand's consumer-price inflation is set to rise to a two-year high, says Westpac in a note to clients. The bank estimates that consumer prices rose by 1.5% in 2Q, taking the annual inflation rate to 4.1%, from 3.1% in 1Q, it adds. Core inflation has been softening but remains above the RBNZ's 2% target midpoint. That is despite the downturn in economic growth and softness in the labor market, Westpac says. (james.glynn@wsj.com; X @JamesGlynnWSJ)

0703 GMT - Malaysia's economy could continue to benefit from multiple growth drivers, says ANZ Asia economist Krystal Tan in a note. Strong demand for AI-related electronics and continued investment in data centers are expected to support exports, investment and services activity. Meanwhile, a resilient labor market and steady household income growth should drive domestic demand, she says. The economy grew 5.8% in 2Q, according to advance estimates, bringing the 1H growth average to 5.6%. Despite the ongoing external uncertainties, overall growth outlook looks supportive, she adds. ANZ considers its current 2026 GDP forecast of 4.6% as conservative and is reviewing it. (yingxian.wong@wsj.com)

0701 GMT - Malaysia's exports growth likely improved in June, according to the median estimate from a Wall Street Journal poll of five economists. Exports are estimated to have risen 53.2% on year, gaining on May's 45.3% increase. Imports likely increased 26.7%, leading to a trade surplus of 42.76 billion ringgit. Export growth remained resilient, supported by continued strength in electrical and electronics shipments amid robust global demand for artificial intelligence-related products, DBS economists Taimur Baig and Nathan Chow say in a note. The data is due Monday.(yingxian.wong@wsj.com)

0645 GMT - The Nikkei Stock Average fell 4.0% to 64141.12, its lowest close since June 8. "Chipmakers led the tech sector selloff for Wall Street on Thursday, and we're now seeing that negative sentiment spill over to Asia," says Matt Simpson, senior market analyst at StoneX, in an email. Among the worst performers on Japan's benchmark index, Kioxia Holdings slid 16.1%, Sumco Corp. slipped 15.2%, and Screen Holdings dropped 12.0%. Bucking the downtrend, Seven & i Holdings rose 3.6%. The company said that it was in talks to potentially invest in Poland's largest convenience store chain Zabka, but added that no decisions have been made at this time. The dollar was at 162.37 yen versus Y162.14 around Thursday's Tokyo market close. (ronnie.harui@wsj.com)

0641 GMT - The dollar edges lower as oil prices stabilize after rising recently, even as hostilities between the U.S. and Iran continue. Oil prices have risen due to renewed Middle East conflict, which should typically benefit the dollar because the U.S. is a net oil exporter. However, weaker-than-expected U.S. consumer-price and producer-price inflation figures have sent confusing signals and leave the dollar struggling for direction, Commerzbank's Volkmar Baur says in a note. "In addition to the rise in oil prices, there are also falling inflation numbers, which point in a different direction," he says. The DXY dollar index edges down 0.1% to 100.689 as the price of a barrel of Brent crude is steady at $84.25. (jessica.fleetham@wsj.com)

0625 GMT - Australia's economy is set to create a further 20,000 jobs in June, reflecting seasonal moderation after a particularly strong May, says Josh Williamson, chief economist for Australia and New Zealand at Citi. With the participation rate expected to hold steady, unemployment should tick down to 4.3%, he adds. Risks to Citi's forecast, however, are skewed to the downside given threats to growth such as weak productivity, low potential growth and elevated inflation, he adds. The employment report is out on Thursday. (james.glynn@wsj.com; X @JamesGlynnWSJ)

(END) Dow Jones Newswires

July 17, 2026 03:26 ET (07:26 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.