Rate Bets News Today

Asian shares touched five-month highs on Thursday as market wagers on ever-more aggressive rate cuts extended a huge rally in U.S. stocks and bonds, but also left plenty of scope for disappointment next year.

Stock futures lower, bond yields surge on hawkish Fed concerns; Fed minutes: balance sheet run-off in focus as rate bets hold; Musk refiles SEC paperwork, indicates active role from Twitter stake; JetBlue makes $3.6 billion offer for Spirit, bumping Frontier from gate and Big Oil bosses face gas price grilling from Congress.

The Euro gained versus most peers overnight after Russia reportedly pulled some troops from the Ukrainian border, easing tensions slightly. EUR/USD eyes ECB speakers and industrial production.

Gold prices failed to recover with the broader market, as a stronger US Dollar and falling inflation expectations hurt the yellow metal. Meanwhile, iron ore jumped higher as China readies blast fur...

Gold prices broke a multi-day losing streak and rallied before hitting Falling Wedge resistance. Inflation data and next week's non-farm payrolls report are on the radar for bullion traders.