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USD/JPY drifts lower, nearing 152.50 as Fin. Min. Katayama speaks
US Dollar rally has been capped at the 153.30 area earlier on Monday, the same area as in early October, and the pair trimmed gains to reach intra-day lows at 152.60 as Japan’s Finance Minister Satsuki Katayama spoke to the press, following a meeting with US Treasury Secretary Scott Bessent.
Fxstreet
Mon, Oct 27
Gold weakens as US-China trade optimism lifts risk sentiment, focus turns to Fed
Gold (XAU/USD) kicks off the week with a negative tone, as improved risk appetite curbed demand for safe-haven assets. At the time of writing, XAU/USD is trading around $4,025, down over 2.0%, extending its retreat from last week’s record high of $4,381 after a wave of profit-taking spurred by progr
Fxstreet
Mon, Oct 27
Silver Price Forecast: XAG/USD hits fresh lows near $47.30 on risk appetite
Silver (XAG/USD) extends losses on Monday amid a positive market sentiment, following upbeat reports regarding a potential China-US trade deal. The white metal’s reversal from mid-October highs above $54.00 is approaching the $47.00 level.
Fxstreet
Mon, Oct 27
Soybeans hit four-month highs on US-China trade deal hopes
Chicago soybeans rose on Monday on anticipation the United States could restart its soybean exports to China after U.S. President Donald Trump said he hoped to reach a trade deal with China during his visit to Asia this week.Reuters
Mon, Oct 27
Japan's Nikkei tops 50,000 mark for first time on stimulus euphoria
By Rocky Swift TOKYO, Oct 27 (Reuters) - Japan's Nikkei share average closed above the 50,000 level for the first time on Monday, continuing a run of successive records on expectations of sizeable spending from the nation's new prime minister.Crossing the key psychological threshold is th...Reuters
Mon, Oct 27
China, Hong Kong stocks rise on Trump-Xi trade talk optimism
tocks in China and Hong Kong rallied on Monday, driven by renewed hopes for a U.S.-China trade deal after top officials from both sides outlined a framework aimed at defusing tensions ahead of a key leaders' meeting later this week.Reuters
Mon, Oct 27
WTI edges higher to near $61.50 as US, China reach preliminary trade deal
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.45 during the Asian trading hours on Monday. The WTI edges higher as progress between the US and China on trade talks boosts the outlook for oil demand.
Fxstreet
Mon, Oct 27
Copper jumps to 16-month high on trade deal optimism
Copper climbed to a 16-month high on Monday, driven by optimism over a potential U.S.-China trade agreement after officials from the world's two largest economies outlined the framework for negotiations ahead of their leaders' discussions.Reuters
Mon, Oct 27
Toyota September output grows for fourth stright month, aided by strong US demand
Toyota Motor 7203.T on Monday said its worldwide production increased by more than 10% in September and rose for a fourth straight month, as both sales and output increased in the U.S., the Japanese automaker's top market.Reuters
Mon, Oct 27
Soybeans jump as Bessent points to possible Trump-Xi talk optimism; corn, wheat gain
Chicago soybean futures touched a more than two-month high on Monday, as renewed optimism over Chinese buying lifted sentiment after U.S. Treasury Secretary Scott Bessent said the two nations' leaders could discuss "substantial" soybean deals.Reuters
Mon, Oct 27
US government shutdown threatens the spending power of Congress
WASHINGTON, Oct 26 (Reuters) - As Republican and Democratic lawmakers trade blame for the U.S. government shutdown, some have begun to worry that the impasse is ceding their authority over federal spending to an increasingly assertive President Donald Trump.Reuters
Mon, Oct 27
US and China tee up sweeping trade deal ahead of Trump–Xi meeting
Top Chinese and US economic officials on Sunday have agreed on the framework of a potential trade deal that will be discussed when US President Donald Trump and Chinese President Xi Jinping meet later this week, CNBC reported on Sunday.Fxstreet
Mon, Oct 27
Wall St Week Ahead-Megacap-led earnings deluge, Fed meeting headline busy US markets week
NEW YORK, Oct 24 (Reuters) - The U.S. stock rally confronts a potentially consequential week to keep its momentum heading into year-end, including a flood of corporate results headlined by megacap companies and a likely interest rate cut by the Federal Reserve after its two-day policy meeting.Reuters
Mon, Oct 27
South Korea's Lee says trade talks deadlocked over $350 billion investment in US, Bloomberg reports
SEOUL, Oct 27 (Reuters) - South Korean President Lee Jae Myung said talks aimed at lowering U.S. import duties on South Korean goods remain deadlocked over the details of a $350 billion investment in the U.S. that was pledged by Seoul as part of a tentative deal, Bloomberg reported on Monday.Lee'...Reuters
Mon, Oct 27
Bessent says China to delay rare earths rules by a year, buy U.S. soybeans
WASHINGTON, Oct 26 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Sunday that he anticipates that China will revive substantial purchases of U.S. soybeans for several years and will delay its expanded licensing regime for rare earths by a year and re-examine it after two days of trade talReuters
Mon, Oct 27
