Nasdaq futures edged 0.1% lower as S&P 500 futures traded near unchanged levels.
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The 2-year Japanese government bond yield increased to 1.385%, up 0.5 basis points.
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Fed’s Jefferson says the Fed’s credibility depends on clearly communicating and demonstrating commitment to restoring inflation to its 2% goal.
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Fed’s Jefferson says the central bank’s role is to ensure temporary shocks do not become entrenched through rising inflation expectations.
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ECB’s Lane says the ECB must ensure inflation expectations do not become persistently elevated across the economy.
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Shares of SoftBank Group fell 5% in trading.
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The Trump administration has reportedly instructed prosecutors to step back from pursuing the Venezuelan leader, according to the Associated Press.
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Fed’s Jefferson says energy shocks are a drag on economic activity, but robust AI investment is keeping growth positive.
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Israel’s army issued an evacuation warning for Tyre, urging civilians to relocate north of the Zahrani River and stay away from populated buildings.
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Fed’s Jefferson says central bank messaging should emphasize the risk of broader inflation effects tied to supply disruptions and surging investment demand.
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The 20-year Japanese government bond yield increased to 3.615%, up 2 basis points.
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BOJ Governor Kazuo Ueda: Multiple food and energy supply shocks, even if temporary, can lift the overall inflation rate because of their cumulative impact.
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Gold Edges Down as Middle East Tensions, Inflation Worries Persist-wsj
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Fed’s Jefferson says the American labor market has held up well in the face of recent economic pressures.
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Fed’s Jefferson says strong labor market conditions allow policymakers to prioritize restoring inflation to target.
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Tasnim reported that an unnamed military source claimed U.S. forces opened fire near Bandar Abbas following an IRGC confrontation with a U.S. tanker in the Strait of Hormuz.
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Fed’s Jefferson says long periods of price stability have historically enabled healthier long-term economic expansion.
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Tasnim reported, quoting a military source, that there were no reported casualties or material damage.
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WSJ: The Trump administration is discussing potential funding initiatives for American drone manufacturers.
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Neros and Unusual Machines, which is linked to Donald Trump Jr., are reportedly involved in deal discussions with the Trump administration, according to the WSJ.
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Taiwan overnight interbank rate edged up to 0.808% at the open from 0.807% in the prior session.
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