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Sept 8 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Brent crude oil is now higher than it was a year ago, the first time since January that year-on-year price changes have been positive. In other words, all else equal, oil is now contributing to headline inflation rather than diluting it. Here are key developments that could provide more direction to markets on Friday:- Japan GDP (Q2, revised)- Japan current account (July)- Japan bank lending (August)By Jamie McGeever; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jamie McGeever, John Williams, Joe Biden, Xi Jinping, Josie Kao Organizations: Brent, Investors, New York Fed, nudging, Saturday, Saturday . U.S, Apple, Thomson, Reuters Locations: Japan, Asia, New Delhi, China, Beijing, Saturday .

That has put pressure on risky EM currencies, echoing the dynamics observed last year when the Fed began raising rates. In the Sept. 1-6 poll, almost all beaten-down emerging market currencies were forecast to move little, or trade modestly higher against the dollar in a year, with some making small gains in three months. The underperformance of China has probably been the biggest story holding back EM currencies." Earlier this year, many analysts expected China's reopening to boost the yuan and other EM currencies, especially those exporting commodities to the world's second-largest economy, but this scenario did not unfold as anticipated. Through the end of this year, we believe most EM Asia currencies can weaken," said Nick Bennenbroek, international economist at Wells Fargo.

Persons: Chris Turner, Nick Bennenbroek, Hugo Pienaar, Devayani Sathyan, Veronica Khongwir, Jonathan Cable, Sharon Singleton Organizations: Treasury, greenback, Fed, ING, Reserve Bank of India, Korean, Bureau for Economic Research, Thomson Locations: BENGALURU, JOHANNESBURG, China, Asia, Wells Fargo, Russian, South Africa, Bengaluru

☆ South African rand pares losses after Powell speech
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

South African Rand coins are seen in this illustration picture taken October 30, 2020. At 1528 GMT, the rand traded at 18.6550 against the dollar , about 0.9% stronger than its previous close, after gaining as much as 1% earlier in the day. The rand has had a turbulent week, contributing to its over 4% losses month-to-date. The risk-sensitive rand often takes cues from global factors like U.S. monetary policy in the absence of domestic economic data cues. South Africa's benchmark 2030 government bond was weaker, with the yield up 1 basis points at 10.210%.

Persons: Mike Hutchings, Jerome Powell, Danny Greeff, Jackson, Greeff, Tannur Anders, Sonia Cheema, Devika Syamnath, Jonathan Oatis Organizations: REUTERS, Rights, U.S . Federal Reserve, Treasury, Analytics, Johannesburg Stock Exchange, Thomson Locations: Rights JOHANNESBURG, United States, Johannesburg

A selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, U.S., March 31, 2023. REUTERS/Jim Vondruska/Illustration/File Photo Acquire Licensing RightsFRANKFURT, Aug 24 (Reuters) - Supplies of Novo Nordisk's (NOVOb.CO) popular weight-loss drug Wegovy are limited in Germany less than a month after its launch in Europe's largest drug market, major drug distributors and doctors told Reuters. The volumes of the weekly injection that the Danish drugmaker has delivered to the country so far have fallen short of strong demand, the wholesalers said. "Demand is by far exceeding the available volumes," a spokesperson for Noweda, which has almost a quarter of the German drug wholesale trade, told Reuters, adding the problem was nationwide. The distributors, which act as go-betweens for drug companies and pharmacies, declined to give details of volumes.

Persons: Jim Vondruska, Thomas Horbach, Sanacorp, Pharmahandel, Pharma Privat, Helios St, Elisabeth Klinik, Jodok Fink, ”, Ludwig Burger, Maggie Fick, Josephine Mason, Mark Potter Organizations: REUTERS, Rights, Reuters, Noweda, Novo, Pharma, Thomson Locations: Chicago , Illinois, U.S, Novo, Germany, Europe, Munich, Oberhausen, Freiburg, Frankfurt, London

Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. The dollar hit a one-month high against a basket of major currencies, before steadying, as investors sought a safe haven on concerns about China's economy. Japan's currency weakened to as low as 145.22 per dollar in early Asian hours, its lowest since Nov. 10, before quickly reversing course in a volatile start to the week. Japan intervened in currency markets last September when the dollar rose past 145 yen, prompting the Ministry of Finance (MOF) to buy the yen and push the pair back to around 140 yen. With the yen loitering around the 145 level again, traders expect Japanese officials to start warning of intervention soon as they did in June.

Persons: Yen, Dado Ruvic, Charu Chanana, Chris Turner, Russia's rouble, Sterling, Joey Chew, Ankur Banerjee, Harry Robertson, Shri Navaratnam, Lincoln, Susan Fenton Organizations: REUTERS, Bank of Japan, Ministry of Finance, Saxo Markets, International Trust Co, ING, Australian, Federal, Asia FX, HSBC, Thomson Locations: SINGAPORE, Japan, United States, China, U.S, Russian, Ukraine, Asia, Singapore, London

☆ Oil prices fall as China woes offset boost from high U.S. fuel demand
▼ + stars: | 2023-08-10 | by ( ) www.cnbc.com time to read: +1 min

Oil prices fell in early Asian trade on Thursday after reaching fresh highs in the previous session as concerns about the Chinese economy offset the positive impact of steep drawdowns in U.S. fuel stockpiles and Saudi and Russian output cuts. Brent crude fell 20 cents, or 0.2%, to $87.35 a barrel by 0006 GMT, after settling at its highest since Jan. 27 in the previous session. West Texas Intermediate crude fell 23 cents, or 0.3%, to $84.17, after settling at its highest since November 2022. Chinese data on Tuesday showed crude oil imports in July fell 18.8% from the previous month to their lowest daily rate since January. Also supporting prices were top exporter Saudi Arabia's plans to extend its voluntary production cut of 1 million barrels per day for another month to include September.

Persons: Brent Organizations: West Texas, Saudi, Investors, U.S, Consumer Locations: New Mexico, U.S, Saudi, Russian, Russia

Over the last decade, U.S. corn yield in August was lower than in July four times, including the past two years. The recent years with higher August corn yields versus July have featured some sizable moves. The government's corn and soybean yields will rely heavily on survey data next month and field observations will be added in September. Last month was the Midwest’s driest June since 1988, though USDA left U.S. soybean yield untouched from the 52-bpa trendline. August soybean yield has come in lower than in July only twice in the past 10 years (2013, 2021).

Persons: Karen Braun, Matthew Lewis Organizations: U.S . Department of Agriculture, USDA, Reuters, Thomson Locations: NAPERVILLE , Illinois, USDA

[1/3] A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly/File PhotoSummaryCompanies U.S., European shares tick up as traders eye CPI, earningsChina inflation surprisingly weak in JuneDollar, oil prices declineJuly 10 (Reuters) - Wall Street stocks rose slightly on Monday, while oil prices and the dollar dipped, as investors digested Chinese economic data and looked ahead to a key U.S. inflation report and corporate earnings. "Stubbornly high U.S. CPI inflation data this week could bolster the recent bond yield surge as markets expect the Fed to hike rates." Currently futures imply around a 90% probability of a rise to 5.25%-5.5% this month, up 25 basis points. The yield on 10-year U.S. notes fell 4 basis points on Monday to 4.008%.

Persons: Andrew Kelly, Matthias Scheiber, Wells, Michael Barr, Brent, Lawrence Delevingne, Nell Mackenzie, Mark Heinrich, David Evans, Will Dunham, Christina Fincher Organizations: Wall, New York Stock Exchange, REUTERS, Dow Jones, Nasdaq, Allspring Global Investments, Citigroup, JPMorgan, Citi, PepsiCo, BlackRock Investment, U.S, Federal Reserve, Federal, Thomson Locations: New York City , New York, U.S, China, reflating, London, Europe, Wells Fargo, BlackRock, Saudi Arabia, Russia, Boston

As widely expected, the BOJ maintained its -0.1% short-term interest rate target and a 0% cap on the 10-year bond yield set under its yield curve control (YCC) policy. The yen fell broadly following the decision and hit a fresh 15-year low of 154.70 per euro and was set for the biggest weekly decline against the single currency in three years. Reuters GraphicsFED FACES GRIM DATAThe ECB's monetary policy decision came a day after the U.S. Federal Reserve left interest rates unchanged, snapping a string of 10 consecutive rate hikes. Production at U.S. factories almost stalled in May as manufacturing struggled under the weight of higher interest rates, while U.S. import prices similarly fell last month. Against a basket of currencies , the dollar index edged up 0.03% to 102.17, after slipping to a one-month low on Thursday.

Persons: we're, Kazuo Ueda, Hirofumi Suzuki, Goldman Sachs, Christine Lagarde, Shaun Osborne, Joice Alves, Rae Wee, Philippa Fletcher, Sohini Organizations: LONDON, Bank of Japan, European, Bank's, U.S, ECB, Sterling, Bank of England, Reuters Graphics, U.S . Federal Reserve, Fed, Labor Department, Scotiabank, Thomson Locations: SINGAPORE, United States, Europe, Toronto, London, Singapore

☆ Yen falls after BOJ stands pat; hawkish ECB and soft US data dent dollar
▼ + stars: | 2023-06-16 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

The decision by the BOJ to keep its short-term interest rate target at -0.1% and its 10-year bond yield around 0% was widely expected. Even so, it was enough to pressure the yen further with the Japanese currency falling about 0.3% against the dollar to 140.72 . That and a run of soft U.S. economic data saw the dollar fall broadly as traders scaled back their bets on how high U.S. interest rates would need to rise. The euro stood near a one-month high at $1.0937, having surged over 1% on Thursday following the rate hike and hawkish forward guidance from the ECB. Production at U.S. factories almost stalled in May as manufacturing struggled under the weight of higher interest rates, while U.S. import prices similarly fell last month.

Persons: Christine Lagarde, Sterling, Rae Wee, Edwina Gibbs Organizations: Bank of Japan, European Central Bank, ECB, Deutsche Bank, Bank of England, U.S . Federal Reserve, Fed, Labor Department, Thomson Locations: SINGAPORE, Asia, United States

☆ Yen sags to 15-year low vs euro after BOJ rate decision
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: +2 min

Yen, euro and U.S. dollar banknotes of various denominations. The yen plunged to a 15-year low against the euro on Friday after the Bank of Japan (BOJ) kept its ultra-low interest rate policy and forecast that inflation will slow later this year, in contrast with the European Central Bank's (ECB) rate hike on Thursday. As widely expected, the BOJ maintained its -0.1% short-term rate target and a 0% cap on the 10-year bond yield set under its yield curve control (YCC) policy. The yen fell broadly following the decision and hit a fresh 15-year low of 155.22 per euro . The euro was flat against the greenback at $1.0940 after earlier touching a five-week high, having surged over 1% on Thursday following the rate hike and forward ECB guidance.

Persons: Kazuo Ueda, Erik Bregar, Christine Lagarde Organizations: U.S, Bank of Japan, European, Bank's, Bank of, Bull, Bank of England Locations: Bank of Japan, Toronto

☆ Yen slips after BOJ stands pat, soft data dents dollar
▼ + stars: | 2023-06-16 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

As widely expected, the BOJ maintained its -0.1% short-term interest rate target and a 0% cap on the 10-year bond yield set under its yield curve control (YCC) policy. The U.S. dollar was last roughly 0.1% higher at 140.42 yen . That and a run of soft U.S. economic data saw the dollar fall broadly as traders scaled back their bets on how high U.S. interest rates would need to rise. FED HAWKISHNESS CHALLENGEDThe ECB's monetary policy decision came a day after the U.S. Federal Reserve left interest rates unchanged, snapping a string of 10 consecutive rate hikes. Production at U.S. factories almost stalled in May as manufacturing struggled under the weight of higher interest rates, while U.S. import prices similarly fell last month.

Persons: Kazuo Ueda's, Hirofumi Suzuki, Christine Lagarde, Sterling, Rae Wee, Edwina Gibbs, Kim Coghill Organizations: Bank of Japan, U.S, European Central Bank, ECB, Deutsche Bank, Bank of England, U.S . Federal Reserve, Fed, Labor Department, Thomson Locations: SINGAPORE, Asia, United States

☆ What is eclampsia, the condition that may have killed Olympian Tori Bowie?
▼ + stars: | 2023-06-14 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

But it can develop in anyone, including someone who’s thin and super healthy,” said Dr. Nicole Calloway Rankins, a maternal health advocate and obstetrician-gynecologist in Richmond, Virginia. However, high blood pressure, often called the “silent killer,” does not always show signs, so the best prevention is regular checkups and blood pressure readings throughout pregnancy, experts say. That’s literally a hypertensive crisis.”For people worried about heart disease, blood pressure at those levels would be concerning, but not a crisis. What is it about pregnancy that makes high blood pressure so dangerous? “We really have to be vigilant and understand that blood pressure in pregnancy is different than outside of pregnancy.

Persons: Tori Bowie, Bowie, ”, Nicole Calloway Rankins, “, Antonia Oladipo, Eclampsia, Eleni Tsigas, Alastair Grant, Rankins, Tori, ” Tsigas, “ We’ve, Tsigas, it’s, don’t, ” Rankins, something’s, Joe Biden, Iffath Abbasi Hoskins, Gynecologists, ” Hoskins, ” CNN’s Jacqueline Howard Organizations: CNN, US Centers for Disease Control, CDC, Cleveland Clinic, Hackensack Meridian School of Medicine, Preeclampsia Foundation, National Institutes of Health, Commonwealth Fund, Dimes, Century Foundation, Data, National Center for Health Statistics, American College of Obstetricians Locations: preeclampsia, Richmond , Virginia, New Jersey, Melbourne , Florida, Florida, London, Orlando , Florida, United States

☆ We're expecting a turnaround on sentiment toward China, strategist says
▼ + stars: | 2023-06-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're expecting a turnaround on sentiment toward China, strategist saysDaniel Morris, chief market strategist at BNP Paribas, talks about high U.S. inflation, tech valuations and China sentiment on CNBC's "Street Signs."

Persons: Daniel Morris Organizations: BNP Locations: China

ORLANDO, Florida, April 28 (Reuters) - With the U.S. debt ceiling crisis set to reach boiling point between June and August, it already promises to be a long hot summer for financial markets. - and inflation is high, while history shows the U.S. Congress certainly has the ability to push debt ceiling negotiations to the brink. "Markets are fundamentally intolerant of tightening liquidity conditions, and you could see this confluence of tightening liquidity where the debt ceiling and YCC come together," said Alex Lennard, investment director at Ruffer LLP. Default fears could suck more money out of bills and into safer parts of the money market universe like the Fed's RRP, exacerbating broader market liquidity conditions. Related columns:- 'Peak Fed' aggravates U.S. debt ceiling strains- Inequality and 'deposit glut' sowed bank instabilityBy Jamie McGeever; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

☆ US war game on Taiwan shows need for 'decisive action' to boost arms
▼ + stars: | 2023-04-20 | by ( Michael Martina | ) www.reuters.com time to read: +2 min

"We are well within the window of maximum danger for a Chinese Communist Party invasion of Taiwan, and yesterday's war game stressed the need to take action to deter CCP aggression and arm Taiwan to the teeth before any crisis begins," Gallagher said in a statement. The U.S. must clear a $19 billion weapons backlog to Taiwan, conduct enhanced joint military training and reinforce the U.S. military in the region, he said. Anxiety about a possible conflict over Taiwan, the self-ruled island that China claims as its own, has become a rare bipartisan issue in Washington. The U.S. is Taiwan's most important arms supplier but the island has complained of delayed weapons deliveries. Taiwan's de facto embassy in Washington did not respond immediately to a request for comment on the war game.

☆ Global money market funds see huge demand for a seventh straight week
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +2 min

Funds in the global money market drew a net $40.83 billion worth of inflows compared with a net $61.12 billion worth of purchases in the previous week, data from Refinitiv Lipper showed. The yield on the 3-month U.S. Treasury bill , in which money market funds invest the most, surged to near a 16-year high of 5.175% on Thursday. Reuters Graphics Reuters GraphicsGlobal bond funds saw inflows dipping to $3.43 billion in the week from $16.45 billion worth of net buying a week ago. Inflows in government bond funds slipped to a nine-week low of $2.33 billion, while high-yield funds faced outflows of $172 million. Data for 23,942 emerging market funds showed equity funds received a third weekly inflow, worth $227 million, while bond funds had $913 million worth of outflows after two weekly net purchases in a row.

WASHINGTON, March 30 (Reuters) - The U.S. House of Representatives on Thursday passed a Republican energy reform bill intended to bolster U.S. oil and gas production while scaling back climate initiatives, the first major legislation of House Speaker Kevin McCarthy's majority. The House passed the Lower Energy Costs Act by a mostly partisan 225-204 vote. The bill would deliver on a top 2022 Republican campaign pledge to lower Americans' energy costs but faces little chance of making it through the Democratic-led Senate, where Majority Leader Chuck Schumer has declared it "dead on arrival." "The Senate is not going to waste our time on a bill that sets America back decades on our transition to clean energy," Schumer said in a Senate speech shortly before the House vote. Party disagreement over the House bill partly reflected gaping divisions over how to streamline permitting for energy projects, a goal otherwise shared by both Republicans and Democrats.

[1/3] CEO of Moderna Stephane Bancel looks up at the session "State of the Pandemic" during the World Economic Forum (WEF) in Davos, Switzerland, January 18, 2023. Moderna (MRNA.O) CEO Stephane Bancel was called to testify after the company flagged plans to raise the vaccine's price to as much as $130 per dose, drawing the ire of Democratic U.S. Senator Bernie Sanders, who chairs the influential Committee on Health, Education, Labor and Pensions (HELP). The government in May plans to end the COVID public health emergency, putting much of the vaccine purchasing in the hands of the private sector. Moderna in February forecast $5 billion in COVID vaccine sales this year, far less than the $18.4 billion windfall in 2022, due to decreasing demand for the shots.

Brent crude futures were down 76 cents, or 0.9%, to $82.02 per barrel by 11:51 a.m. EDT (1551 GMT). U.S. West Texas Intermediate crude futures (WTI) fell 75 cents, or 1%, to $75.93 a barrel. Fears of contagion from the failure of Silicon Valley Bank led to a sell-off in U.S. assets at the end of last week, while state regulators closed New York-based Signature Bank (SBNY.O) on Sunday. A weaker greenback makes oil cheaper for holders of other currencies and typically supports oil prices. Worries about further monetary tightening by the Federal Reserve have been exacerbated by high U.S. crude oil inventories.

☆ Oil prices fall 2% in choppy trade as banking fears rattle markets
▼ + stars: | 2023-03-13 | by ( ) www.cnbc.com time to read: +2 min

Oil prices fell over 2% in volatile trading on Monday as the collapse of Silicon Valley Bank roiled equities markets and raised fears of a fresh financial crisis, but a recovery in Chinese demand provided support. Brent crude futures settled down $2.01, or 2.4%, to $80.77. U.S. West Texas Intermediate crude futures (WTI) dropped $1.88, or 2.5%, to $74.80 a barrel. Worries about further Fed monetary tightening have been exacerbated by high U.S. crude oil inventories. Crude oil production in the seven biggest U.S. shale basins is expected to rise in April to its highest since December 2019, the Energy Information Administration said.

The yen weakened and Japanese government bond yields plunged after the Bank of Japan opted to keep stimulus settings steady at Governor Haruhiko Kuroda's last meeting in charge, as expected. The benchmark 10-year JGB yield, which the BOJ pins within 50 basis points either side of zero, pulled back sharply from that ceiling to last sit at 0.445%. The yen was last down about 0.4% at 136.615 per dollar after a knee-jerk drop of as much as 0.6%. Japan's Nikkei (.N225) pared declines to last be down around 1%, compared to a 1.23% loss prior to the central bank decision. S&P 500 futures were down 0.57%, following the cash index (.SPX) dropping 1.8% and falling below its 200-day moving average.

☆ Best Buy forecasts profit below estimates as electronics demand weakens
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +1 min

March 2 (Reuters) - Top U.S. electronics retailer Best Buy Co Inc (BBY.N) on Thursday joined peers with a cautious annual earnings forecast as uncertainty over the U.S. economy tempers expectations for a recovery in demand for discretionary products. The company's shares slipped 1.6%, despite a beat on holiday quarter revenue and profit estimates as steep discounts attracted inflation-weary shoppers to its stores. The company expects fiscal 2024 adjusted earnings per share of $5.70 to $6.50, below analysts' estimates of $6.71, according to IBES data from Refinitiv. It forecast full-year comparable sales to fall 3% to 6%, compared to analysts' estimates of a 1.9% decline. On an adjusted basis, Best Buy earned $2.61 per share in the fourth quarter ended Jan. 28, beating analysts' estimates of $2.11, according to IBES data from Refinitiv.

☆ Dollar advances, Aussie slides as Australia economy slows
▼ + stars: | 2023-03-01 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Australia's economy grew at the weakest pace in a year last quarter while the country's monthly consumer prices rose less than expected in January, separate data showed on Wednesday. The Aussie slumped in the aftermath of the data to a two-month trough, and was last 0.47% lower at $0.6697. "We see the Fed going to 5.5%, with a growing risk of 6%," said Michael Every, global strategist at Rabobank. Elsewhere, the dollar rose 0.12% against the Japanese yen to 136.38, after having spiked close to 5% against the yen in February, its largest monthly gain since last June. The kiwi fell 0.28% to $0.6167, while the Chinese offshore yuan slipped marginally to 6.9603 per dollar.

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