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BlueScope Steel Bull Expects Data-Center Tailwind — Market Talk

BlueScope Steel bull Jefferies expects the data-center buildout to help keep the U.S. steel market tight. Jefferies' assumptions for the infrastructure buildout point to an incremental 2 million metric tons of steel demand annually by FY 2030, or about 3.5% of U.S. steel production, says the bank…

Dow Jones Newswires en
StocksAU
dow-jones

Gold Rises After Cooler-Than-Expected U.S. Jobs Report — Market Talk

Gold gains in early Asian trade as investors digest a cooler-than-expected U.S. jobs report. Employers in the country added 57,000 new jobs in June, the U.S. Labor Department said Thursday, lower than economists' expectations for growth of 115,000. A softer labor market is likely to ease pressure o…

Dow Jones Newswires en
Futures
dow-jones

Nikkei Falls 1.0%, Dragged by Electronics, Tech Stocks — Market Talk

Japanese stocks are lower in early trade as uncertainty over the Middle East conflict continues. Electronics and technology stocks are leading the declines. Kioxia Holdings is down 7.0% and SoftBank Group is 4.6% lower. The dollar is at 161.47 yen, down from Y162.25 as of Thursday's Tokyo stock mar…

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index
NEWS dow-jones

Nikkei Falls 1.0%, Dragged by Electronics, Tech Stocks — Market Talk

2020 ET - Japanese stocks are lower in early trade as uncertainty over the Middle East conflict continues. Electronics and technology stocks are leading the declines. Kioxia Holdings is down 7.0% and SoftBank Group is 4.6% lower. The dollar is at 161.47 yen, down from Y162.25 as of Thursday's Tokyo…

Dow Jones Newswires en
index
dow-jones

Yen Mostly Weakens on Possible Technical Correction — Market Talk

The yen weakens against most other G-10 and Asian currencies on a possible technical correction. The yen strengthened notably overnight as weaker-than-expected U.S. nonfarm payrolls report prompted traders to scale back Fed rate-hike expectations and unwind some long dollar positions, particularly…

Dow Jones Newswires en
Forex
NEWS dow-jones

JGB Yield Curve Steepens Amid Some Headwinds — Market Talk

The JGB yield curve steepens in early Tokyo trade amid some headwinds. The JGB curve has bear-steepened sharply this week on "concerns of a behind-the-curve BoJ and worries about [Japan's] fiscal outlook," two analysts at Barclays Securities Japan say in a research report. Hence, market participant…

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Bonds