Asian shares slump on chipmaker drag, bonds cheer cooler inflation

Asian shares slump on chipmaker drag, bonds cheer cooler inflation

Asian shares slump on chipmaker drag, bonds cheer cooler inflation
U.S. President Donald Trump speaks to members of the press aboard the new Air Force One on July 8, 2026. Win Mcnamee | Getty Images A Florida federal judge in a blistering order on Monday said that President Donald Trump had sued the Internal Revenue Service “for an improper purpose” — to gain the appearance…
Present Committee members: David Roberts, ChairAndrew Bailey, GovernorSarah Breeden, Deputy Governor – Financial StabilityClare Lombardelli, Deputy Governor – Monetary PolicySir Dave Ramsden, Deputy Governor – Markets & BankingSam Woods, Deputy Governor – Prudential RegulationJonathan BewesSabine ChalmersLord Jitesh GadhiaDame Anne GloverDiana NobleTom Shropshire In attendance: Sarah John, Chief Operating Officer Secretary: Sebastian Walsh, Secretary of the…
Image: Jamie Street/Unsplash The fourth in a series of extracts from Global Government Forum’s new study on future-proofing digital capability examines how a strong technical workforce alone is not enough – leadership is increasingly critical to digital delivery The Future-proofing government digital capability study, led by Kevin Cunnington, executive advisor at GGF and former director general of…
The Pound Sterling steadies during the North American session, as the week begins in a risk-off mood, as evidenced by overall US Dollar strength in the FX markets, even though soft jobs data and trimmed hawkish Fed bets for the rest of the year. At the time of writing, the GBP/USD trades at 1.3357 after…
We thank Andrew Chen (discussant), Ingrid Tierens, Stefan Nagel, and conference and seminar participants at The Future of AI in Asset Management Conference at Chicago Booth, the ABFR Seminar, Baruch College, Columbia University, and the University of Utah for helpful feedback and suggestions. For financial support, Koijen thanks the Center for Research in Security Prices…
OCBC strategists Sim Moh Siong and Christopher Wong note that S&P’s affirmation of Indonesia’s BBB/A-2 ratings with a stable outlook is mildly supportive for the Indonesian Rupiah (IDR) by removing immediate downgrade risk. However, they caution that IDR gains may be limited without clearer fiscal consolidation and better capital flows, while the recent rebound in…