Making it official, Ueda nominated.
- ex FSA head Himino to be a new dep gov.
Making it official, Ueda nominated.
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The BOJ held its policy rate at 0.75% by an 8–1 vote, with one member calling for an immediate hike. Core-core inflation forecasts were revised higher, reinforcing expectations of further tightening as wage and price pass-through strengthens.
Japan’s finance minister said authorities are monitoring markets with high urgency as volatility persists, adding the recent bond market rout appears to have eased.
Gold hits $5K all-time high on geopolitical fears & Fed uncertainty. Silver & platinum also surge. Goldman Sachs lifts year-end target to $5.4K.
Intel earnings - apx. 15% drop in apx. 15 hours
Chase CEO warns of credit card cap risks; BofA, Citi eye 10% rates. Bank stocks rise on potential policy shift.
Corn futures tick up 2-3 cents, supported by wheat strength. Ethanol output dips, stocks rise, but exports surge. Cocoa prices sink on demand fears.
Wheat futures rise on export data anticipation; cocoa sinks on demand fears. Traders eye USDA bookings.
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