Macro update<\/p>\n
Asian equities extend gains: Regional stocks advanced after US consumer prices rose 0.1% in July as expected, bringing annual inflation down to 3.4% and reducing the market-implied probability of a September Federal Reserve rate hike to 40% from 54% a week earlier.<\/p>\n
Chipmakers lead the regional rally: South Korea’s KOSPI jumped 4.4% and Japan’s Topix reached a record high as semiconductor stocks followed overnight gains in US AI shares, with SK Hynix rising more than 7% and Advantest climbing over 5%.<\/p>\n
Yen strengthens as BOJ rate expectations move forward: The dollar eased towards \u00a5159 as investors brought forward expectations for Bank of Japan tightening to September, supported by Japanese wholesale prices rising 7.2% year-on-year in July.<\/p>\n
Oil prices retreat from recent highs: Brent crude slipped towards $90 a barrel and US crude eased to around $82 as weaker demand forecasts from OPEC and the IEA, combined with a surprise 17.4 million-barrel increase in US inventories, outweighed ongoing concerns over Gulf supply disruptions.<\/p>\n
Gold consolidates near a two-month high: Bullion held around $4,400 an ounce after rising almost 1% in the previous session to its highest level since 5 June, with investors now awaiting US producer price data for further evidence that inflationary pressures are easing.<\/p>\n
US-Iran tensions continue to support oil prices: Washington and Tehran remain at an impasse over efforts to revive June’s interim agreement, with no meaningful progress reported and the Strait of Hormuz still closed, keeping a geopolitical risk premium embedded in crude prices.<\/p>\n","protected":false},"excerpt":{"rendered":"Macro update Asian equities extend gains: Regional stocks advanced after US consumer prices rose 0.1% in July as…\n","protected":false},"author":2,"featured_media":583492,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,43,40,38,41,39],"class_list":["post-583491","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/583491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=583491"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/583491\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/583492"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=583491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=583491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=583491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}