Asian Stocks Track US Peers Higher on Fed Cut Bets: Markets Wrap

Oil prices have maintained a modest gain as investors assess the potential for a ceasefire in Ukraine and the implications of rising tensions between the US and Venezuela. The market remains cautious, reflecting the ongoing geopolitical uncertainties that influence oil supply and demand dynamics.

Silver prices have remained near an all-time high following the release of US payroll data, which has strengthened expectations for an interest rate cut by the Federal Reserve in its upcoming policy meeting. Gold prices showed little change during this period.

Chevron has announced plans to invest up to $19 billion in 2026, primarily focusing on oil production in the United States and Guyana. This strategic investment underscores the company's commitment to expanding its operations in key markets, particularly as it navigates the evolving energy landscape.

Chevron has announced its capital budget for 2026, setting it between $18 billion and $19 billion, with a primary focus on investments within the United States. This decision reflects the company's strategic priorities as it navigates the evolving energy market landscape.

Japan has experienced a significant decline in the number of listed companies, reversing a decade-long trend of growth. This year, the number of listed firms has sharply decreased, despite Japan having nearly as many listed companies as the US, which has a much larger economy.

Stocks gained while U.S. yields dropped as markets reacted to expectations of a potential Federal Reserve interest rate cut. This shift in sentiment was influenced by recent economic data, including a decline in private payrolls, which raised concerns about the labor market's health.

The Bank of England's Mann has expressed concerns that the United States' retreat from its allies could undermine the status of the dollar in global markets. This statement highlights the potential risks associated with shifting U.S. foreign policy and its implications for international economic stability.

LendingClub CEO Scott Sanborn discussed the company's customer base and the current state of the US credit market, including credit card rates, during an interview on Bloomberg Television. This discussion highlights the company's position and strategies in a competitive financial landscape.