Commerbank Says Oil Prices Higher, Treasuries Strengthen; Japanese Government Bonds, Yen Rally on Pension Comments
Oil prices edged higher and Treasuries consolidated into the New York close before strengthening during the Asian session, according to Commerzbank. Technical talks between the U.S. and Iran continue to find a peaceful solution to their conflict, said Commerzbank, noting that, according to The Wall Street Journal, Iran allegedly plotted to assassinate President Donald Trump. Japanese government bonds (JGBs) and the yen strengthened following remarks from the finance ministry urging local pension funds to increase investment in domestic assets, said the bank. The euro has strengthened relative to the US dollar, added Commerzbank. New York Fed President John Williams said that Artificial Intelligence-driven demand has become his primary focus as a potential source of inflation, said the bank. In Europe, France's central bank raised its second-quarter GDP growth forecast to 0.2% quarter over quarter, no longer expecting the economy to stagnate.
Oil prices edged higher and Treasuries consolidated into the New York close before strengthening during the Asian session, according to Commerzbank.
Technical talks between the U.S. and Iran continue to find a peaceful solution to their conflict, said Commerzbank, noting that, according to The Wall Street Journal, Iran allegedly plotted to assassinate President Donald Trump.
Japanese government bonds (JGBs) and the yen strengthened following remarks from the finance ministry urging local pension funds to increase investment in domestic assets, said the bank.
The euro has strengthened relative to the US dollar, added Commerzbank.
New York Fed President John Williams said that Artificial Intelligence-driven demand has become his primary focus as a potential source of inflation, said the bank.
In Europe, France's central bank raised its second-quarter GDP growth forecast to 0.2% quarter over quarter, no longer expecting the economy to stagnate.