Japan’s consumer inflation outpaced expectations in data published hours ahead of the central bank’s policy decision, casting some doubt over the Bank of Japan’s price outlook.
Equity markets in Asia fell after US stocks suffered the biggest slump in six months, while the 10-year Treasury yield touched the highest level in 16 years in a sign investors expect higher US interest rates to endure.
A tool deployed by the People’s Bank of China to defend the yuan may result in some collateral damage: a weakening in demand from bond investors who like to hedge their currency exposure.
Binance Holdings Ltd. and Chief Executive Officer Changpeng “CZ” Zhao filed court papers Thursday seeking to have a lawsuit against them by the US Securities and Exchange Commission dismissed.
European Central Bank Chief Economist Philip Lane said interest rates have reached a level that could help inflation return to target if held for a sufficient amount of time, but stressed officials will be data dependent when assessing the restrictiveness of policy.
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