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Asian stocks follow US tech selloff; Gold jumps past $5k, silver & oil dip. Warsh nomination & China data weigh.
Asia-Pacific markets dip, mirroring Wall Street's tech pullback. Silver & oil extend losses. Divergent China data adds to woes.
Nomura assigns a 60% chance that the BoJ delivers three rate hikes by mid-2027, lifting the policy rate to 1.50%. A more hawkish scenario sees four hikes by end-2027, taking rates to 1.75%, last seen in the early 1990s.
PBOC sets USD/ CNY mid-point today at 6.9533 (vs. estimate at 6.9385) PBOC CNY reference rate setting for the trading session ahead. Strongest for yuan since 16 May 2023.
US eyes Venezuela oil revival: licenses for production, aiming for $100B investment. Current output <1M bpd vs. 3M peak.
Burry warns BTC's 40% drop may trigger $1B gold/silver sell-off; mining firms face bankruptcy if BTC hits $50K.
Bitcoin plunges to $72.9K, then rallies 5% amid tech turmoil & govt shutdown deal. Liquidations hit $740M.
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