Stock Futures Drift as Treasury Selloff Continues
The selloff in Treasurys showed no signs of easing, though markets were little moved as investors looked ahead to crucial inflation and jobs data from the U.S. later this week.
----
U.S., European Government-Bond Yields Fall
U.S. Treasury yields reversed course and declined in early European trade, while eurozone government bond yields also fell as the rise in oil prices slowed slightly.
----
Oil Prices Rise as U.S.-Iran Talks Remain Uncertain
Oil prices rose Tuesday as investors assessed uncertainty around U.S.-Iran ceasefire efforts against recovering Middle Eastern crude flows.
----
Japan Finance Minister Reaffirms U.S. Coordination on Yen Stability
Finance Minister Satsuki Katayama agreed in a recent call with U.S. Treasury Secretary Scott Bessent to strengthen cooperation in the currency market, saying that "reconfirming this stance at this time holds great significance."
----
Australia's Central Bank Raises Rates Again as Inflation Fears Materialize
The Reserve Bank of Australia voted unanimously to raise the official cash rate by 25 basis points to 4.60%, citing continued pressure on energy prices from the conflict in the Middle East.
----
Fed's Cook Expects Continuing Inflation Pressure From AI Buildout in Coming Months
Looking ahead, Federal Reserve governor Lisa Cook said she will consider what policy rate may be needed to continue to guide inflation down to target.
----
Treasury Takes Aim at Tax-Avoiding Investment Strategies
The government moved to block some versions of an ETF maneuver known as "351 conversion transactions," while flagging others.
----
Why the Midterm Elections Matter for the Stock Market This Year
----
Trump Administration Ends Tougher Fuel-Economy Rules
The new mandate will require an average of 34.5 miles a gallon by model year 2031, down from the 50.4 miles a gallon standard.
----
Eurozone Inflation Set to Rise, but No Signs Yet of Becoming Entrenched, ECB's Lagarde Says
Inflation in the eurozone is expected to rise further due to the energy crisis, but there is little evidence yet of higher energy costs feeding into broader price pressures in the economy, President Christine Lagarde said.
----
Trump Unveils $15 Billion Iowa Steel Project
President is looking for wins ahead of a tough midterm election for Republicans.
----
U.S. Pressure Is Awakening an Energy Giant in Canada
America's trade hostility and war in the Middle East could fuel a renaissance in Canada.
----
BOE's Ramsden Sees Case for Raising Key Rate if Inflationary Pressures Build
The rise in government bond yields will help limit the impact of higher energy costs on U.K. prices, but the Bank of England may have to raise its key interest rate if inflationary pressures build, Deputy Governor Dave Ramsden said.