Japan Manufacturing PMI On Tap For Friday

Japan will on Friday see preliminary June results for the manufacturing PMI from Nikkei, setting the pace for a light day in Asia-Pacific economic activity. The PMI had a score of 53.1 in May. Singapore will release May numbers for consumer prices and industrial production. In April, inflation was down 0.3 percent on month and…

Treasuries Close Roughly Flat For Second Straight Day

Treasuries showed a lack of direction over the course of the trading session on Thursday before closing roughly flat for the second straight day. Bond prices spent the day bouncing back and forth across the unchanged line. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by less…

Crude Oil Gets Brief Respite After Collapse

Crude oil futures were steady Thursday, rising slightly from 10-month lows in the previous session. A brutal sell-off drove oil into bear market territory over the past few weeks. Analysts have expressed doubts that OPEC and Russia can end the supply glut anytime soon. Should prices stay below $45 for much longer, it is thought…

Value Buyers Wading Back Into Gold

Gold futures inched higher for a second session Thursday, trimming steep recent losses amid speculation the sell-off in commodities was overdone. August gold settled at $1,249.40/oz, up $3.60, or 0.3%, up from 5-week lows earlier in the week. Markets were stable as crude oil found its footing after a sudden collapse in June. Reflecting widespread…