EUR/USD 1.16259
0.010%
Gold 4543.49
-0.003%
Oil 98.475
0.215%
USD/JPY 158.858
-0.039%
GBP/USD 1.34331
-0.013%
GBP/JPY 213.399
-0.050%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Japanese Finance Ministry officials said that Japans crude oil imports in April saw the largest year-on-year decline since 1980.Japans Ministry of Finance: Japans exports to the United States rose 9.5% year-on-year in April, exports to Asia rose 16.1% year-on-year, and exports to the European Union rose 26.9% year-on-year.Japans seasonally adjusted merchandise trade balance for April was 236.4 billion yen, compared to a forecast of -200.2 billion yen and a previous reading of 90.7 billion yen.On May 21st, according to foreign media reports, soybean oil futures on the Chicago Board of Trade (CBOT) closed lower on Wednesday, with the benchmark contract down 1%, mainly due to a sharp drop in international crude oil futures. International crude oil futures fell sharply on Wednesday after Trump claimed that negotiations with Iran had entered the final stage, though he did not provide details. Since soybean oil is a key feedstock for biofuel production, oil prices influence the soybean and soybean oil markets. Analysts say that Chicago soybean oil futures have risen more than 50% so far in 2026, a price that is actually unfavorable in the global vegetable oil market, but at $0.75 per pound, it still makes it profitable for biofuel production. S&Ps assessment data shows that the break-even point for biodiesel producers in the U.S. Midwest is $0.89 per pound, while the break-even point for renewable fuel producers in California is $0.91 per pound.Futures News, May 21st - According to foreign media reports, Chicago Board of Trade (CBOT) corn futures closed lower on Wednesday, with the benchmark contract down 1.9%, mainly reflecting a decline in international crude oil futures and generally favorable weather conditions in the Midwest. President Trumps statement that negotiations for a peace agreement between the US and Iran have entered the final stage prompted the grain market to give back its risk premium. AgResource stated that although the prospects for peace remain uncertain, hopes for the reopening of the Strait of Hormuz triggered some selling. According to the National Oceanic and Atmospheric Administration (NOAA) 72-hour cumulative precipitation map, most of the Corn Belt is likely to receive rain from Thursday through Sunday, with some areas potentially receiving less than 0.1 inches of rain, while other areas could receive 2 inches or more.

Fears of Stagflation Caused by Tightening Policies Increase As Asian Stocks Fluctuate

Haiden Holmes

Jun 15, 2022 11:11

16.png


Asia-Pacific stocks were mixed this morning, Wednesday. Ahead of a U.S. Federal Reserve meeting that is likely to provide strong tightening decisions, U.S. share markets continued to decline.


Nikkei 225 dropped 0.67 percent at 10:49 PM ET (2:49 AM GMT).


The KOSPI decreased by 1.21 percent.


Australia's ASX 200 index declined 0.38 percent.


Hong Kong's Hang Seng gained 1.14 percent .


Shenzhen Component rose 0.49 percent and Shanghai Composite rose 0.90 percent.


China's industrial output climbed by 0.7% year-over-year in May, according to statistics released on Wednesday, which was marginally higher than market estimates. In April, a decrease of 2.9% was seen, whereas Investing.com had expected a decrease of 0.7%.


Nonetheless, as Beijing saw clusters of COVID-19 breakouts, the city's officials warned on Tuesday that the city was in a "race against time," heightening concerns that the reinstatement of harsh restrictions might harm the city's economy and global supply chain.


The S&P 500 finished down for the fifth consecutive day due to concerns that Fed measures to tighten monetary policy to calm raging inflation might lead to stagflation.


Investors are now betting on aggressive interest rate rises, such as 75 basis points from the Fed, which would be the largest increase since 1004


Steve Englander, director of global G10 FX research at Standard Chartered Bank, wrote in a note, "Inflation is front and center in the headlines and asset markets, and few are voicing worry about over tightening the monetary policy."

After their greatest decline in decades, Treasuries stabilized. Two-year rates recovered after reaching a level not seen since 2007, while 10-year yields retreated from around 3.5 percent.


Barbara Ann Bernard, chief investment officer of Wincrest Capital Ltd., told Bloomberg, "The sooner they are explicit about how rapidly they would increase interest rates and what amount of inflation they consider acceptable, the sooner the markets will settle down."


The Bank of England will announce its policy decision on Thursday, while the Bank of Japan will announce its decision on Friday.


Bitcoin's value on the cryptocurrency market steadied at $22,000.


Suggestion