JGBs consolidated in the morning Tokyo session as traders digest BOJ Gov. Ueda’s opening remarks at 2024 BOJ-IMES Conference this morning. https://www.wsj.com/articles/jgbs-consolidate-as-traders-digest-boj-gov-uedas-remarks-b57847a6
Japan’s central bank has scope to hike its benchmark rate to as high as 0.5% by the end of the year if economic conditions stay more or less on the same track, according to a former member of the Bank of Japan’s policy board. from Bloomberg Markets https://ift.tt/zpvZ1EL
The Australian real-estate developer plans to exit international construction amid what it called a prolonged market downturn, freeing $2.98 billion for capital returns, debt reduction and local growth. https://www.wsj.com/articles/lendlease-quits-international-construction-to-free-2-98-billion-1b8bb6f3
China’s official PMI figures will be out on Friday, as well as India’s fiscal fourth quarter GDP figures. https://www.cnbc.com/2024/05/27/asia-markets-australia-cpi-china-pmi-india-gdp.html
Takako Masai, a former board member at the Bank of Japan and now chairperson of SBI Financial and Economic Research Institute, discusses her views on the central bank’s policy and the local currency. She speaks on “Bloomberg: Daybreak Australia.” (Excerpt of the full interview) (Source: Bloomberg) from Bloomberg Markets https://ift.tt/6gthXo8
The Labour Party pledged to review plans to cut the UK government’s stake in NatWest Group Plc if it wins the upcoming general election. from Bloomberg Politics https://ift.tt/ONuUanD
At least 35 Palestinians were killed in an Israeli airstrike at a camp for displaced people in the southern city of Rafah late Sunday, the Hamas-run ministry of health said. from Bloomberg Politics https://ift.tt/HGlk6DT
Oil edged higher. Speculators have increased their net WTI crude oil positions but selling may be looming on weakening trend signals, commodity strategists at TD Securities said. https://www.wsj.com/articles/oil-edges-higher-in-possible-position-adjustment-52c06aa1
Liquidators of the beleaguered China Evergrande Group are in talks with a potential buyer to sell a significant stake in the property giant’s new energy vehicle unit. https://www.wsj.com/articles/evergrande-ev-unit-says-liquidators-in-talks-with-potential-buyer-81446fb1
Oil steadied after a weekly loss, with the focus on an OPEC+ supply meeting on Sunday and US demand at the start of the summer driving season. from Bloomberg Markets https://ift.tt/V7YOJtA