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Japanese bond yields, Fed rate cut bets, oil supply risks, sterling surge...
Jeudi 4 décembre 2025 à 05:50
Economy & Financial Markets
Japanese Government Bond Yields Climb on Rate Hike Fears
Japanese government bond yields surged to their highest levels since 2007, with the 10-year yield driven up by investor concerns over ballooning government spending and the prospect of imminent rate increases, the Financial Times reports. The Wall Street Journal adds that the 30-year JGB yield also hit a fresh high of 3.445% ahead of a major Ministry of Finance auction, signaling growing unease about long-term debt sustainability and policy normalization in Japan.
Financial Times
Wall Street Journal (Markets)
Gold Prices Edge Higher as US Rate Cuts Loom
Gold prices rose in early Asian trading amid mounting expectations for a Federal Reserve rate cut, according to the Wall Street Journal. The move was underpinned by weak US payroll data, which heightened concerns about the fragility of the US labor market and fueled investor demand for safe-haven assets such as gold.
Wall Street Journal (Markets)
Small Caps Rally, Dollar Slips as Rate Cut Bets Intensify
Shares of US smaller companies rallied on renewed hopes for a Fed rate cut, while the US dollar posted its longest losing streak since 2020, according to the Wall Street Journal. The shift in sentiment reflects growing investor conviction that monetary policy will turn more accommodative in the coming months, bolstering risk assets and contributing to a broad unwinding of dollar positions.
Wall Street Journal (Markets)
Sterling Jumps on Strong UK Business Data
The British pound surged to its highest level since October after a surprisingly robust UK business survey, the Financial Times reports. This stronger-than-expected economic activity triggered the unwinding of negative bets against sterling, with the movement further reinforced by concurrent weakness in the US dollar.
Financial Times
US Private Sector Employment Falls, Signaling Labor Market Softness
US private employers shed 32,000 jobs in November, according to the Financial Times, with small businesses sharply cutting their workforce. This marks the latest indication that the US labor market is losing momentum, a trend which could influence Federal Reserve policy and investor sentiment.
Financial Times
Abu Dhabi Fund Sues US PE Firm Over Self-Dealing Claims
An Abu Dhabi sovereign wealth fund has filed a lawsuit against a US private equity firm, Energy & Minerals Group, alleging self-dealing in the sale of a stake in Ascent Resources, the Financial Times reports. The dispute draws attention to potential conflicts of interest in so-called "continuation deals" and has implications for the transparency and governance of private market transactions.
Financial Times
Creditors Reflect on Profits from First Brands Bankruptcy
In the aftermath of First Brands' bankruptcy, a trade finance provider told the Financial Times that some lenders and creditors profited significantly before the car parts group's collapse. The situation highlights ongoing debates around creditor incentives and risk-taking in distressed company restructurings.
Financial Times
US Bond Investors Voice Concerns Over Political Influence on Fed
Bond investors have warned the US Treasury about the potential appointment of Kevin Hassett as Federal Reserve chair, fearing he may be susceptible to political pressure from Trump on interest rates, according to the Financial Times. This underscores market anxieties about the central bank's independence and the possible market volatility stemming from perceived politicization of monetary policy.
Financial Times
Commodities & Currencies
Oil Prices Rise Amid Geopolitical Tensions
Oil prices advanced in Asian trading as geopolitical frictions heightened concerns about supply disruptions, the Wall Street Journal reports. The Energy & Utilities Roundup adds further context, noting that investors remain sensitive to global risk factors impacting crude markets.
Wall Street Journal (Markets)
Wall Street Journal (Markets)
South Korean Won Set to Strengthen in 2026 on Policy Shifts
The South Korean won could regain ground against the US dollar in 2026, the Wall Street Journal reports, citing ING analysis. The projection is based on anticipated Fed rate cuts, the likely conclusion of the Bank of Korea's monetary easing cycle, and improving trade relations—all of which could help reverse the won's recent weakness.
Wall Street Journal (Markets)