RootData無料プッシュ:最初の資金調達情報を提出し、審査に合格すればアプリのプッシュサービスを利用できます。 [すぐに連絡する]
API RootDataアプリをダウンロードする

Bitcoin Rises on Optimism Over U.S. Regulation — Market Talk

Dow Jones Newswires

2025-07-18 15:06:00

に共有します

0706 GMT - Bitcoin rises on optimism that U.S. regulation will encourage wider cryptocurrency adoption. The House on Thursday passed the Genius Act bill that will create a new regulatory framework for stablecoins, a cryptocurrency pegged to another asset such as the dollar. The House also passed a broader crypto market structure bill known as the Clarity Act. Meanwhile, the Financial Times reported that Trump will sign an executive order that opens the retirement market up to alternative investments including cryptocurrencies. "The regulatory environment remains supportive and we see further upside in crypto assets," Jefferies economist Mohit Kumar says in a note. Bitcoin rises 0.8% to $120,444, LSEG data show. (renae.dyer@wsj.com)

0650 GMT - Market reaction on Wednesday provided a taste of how investors might react if President Trump followed through his threat to fire Federal Reserve Chair Jerome Powell, Capital Economics' Stephen Brown says in a note. The dollar, equities and short-dated bond yields are likely to fall but long-dated yields would potentially surge, the deputy chief North America economist says. Trump pushed back against reports that he was trying to fire Powell, saying that was "highly unlikely". Still, a new Fed chair will likely be announced well before Powell's tenure ends in May 2026. Even under a new chair, it's highly unlikely that the Fed would cut interest rates by 300 basis points as Trump has called for, Brown says. (emese.bartha@wsj.com)

0646 GMT - India needs to introduce deep reforms to spur both credit and economic growth, HSBC economists write in a note. While the country's central bank has cut its repo rate and infused domestic liquidity to boost weak credit growth, the RBI can't entirely solve the credit slowdown process that stems from slow gross domestic product gains and the pivot to the informal sector from the formal sector. The HSBC economists say that if India can become a meaningful producer and exporter of goods amid global supply-chain changes, that could encourage investment, raise credit demand and improve GDP growth. Some possible reforms include lowering tariff rates on intermediary inputs, more trade deals, increased reception to foreign direct investment inflows and reforms to improve ease of doing business across states. (megan.cheah@wsj.com)

0645 GMT - The dollar eases after reaching a three-and-a-half-week high in the previous session on the back of better-than-forecast U.S. data. On Thursday, U.S. retail sales data and the Philly Fed manufacturing index were stronger than forecast while U.S. weekly initial jobless claims were below expectations, adding to signs of economic resilience. The market was also relieved after President Trump denied reports about trying to fire Federal Reserve Chair Jerome Powell. Friday's key focus is the University of Michigan's consumer confidence survey at 1400 GMT. The DXY dollar index falls 0.2% to 98.546 after reaching a high of 98.950 Thursday. (renae.dyer@wsj.com)

0642 GMT - Beijing appears to think that any near-term support for the property sector wouldn't be worth the risk, as it could further exacerbate China's housing market oversupply, Capital Economics economists write in a note. The recent Central Urban Work Conference didn't deliver an expected revival of the shantytown redevelopment program, which helped stabilize China's housing market a decade ago. The program that Beijing is focusing on instead is much smaller in scope and won't provide much support to construction or sales, the economists say. The readout from the conference says that China's urbanization has moved from "rapid growth" to "steady development," and that urban policy will now focus on improving the quality of existing stock rather than large-scale expansion, they add. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

0636 GMT - TSMC is likely to raise wafer prices by around 3%-5% globally in USD terms given strong demand for advanced chips and unfavorable foreign-exchange rates, Morgan Stanley analysts say in a research note. They think TSMC's gross profit margin next year will be significantly above its guidance of "53% and higher" following the potential price hike. Nvidia's resumption of H20 chip shipments to China is good news for TSMC given the country's sizable AI market, the analysts add. AI graphics processing units in China are expected to contribute 2%-3% of TSMC's revenue in 2025. Meanwhile, TSMC's planned $165 billion investment in the U.S. could increase its chances of a tariff exemption, the analysts say. MS raises the stock's target price to NT$1,388.00 from NT$1,288.00 while maintaining an overweight rating. (sherry.qin@wsj.com)

0628 GMT - The prices of imports to the U.S. are rising, suggesting foreign exporters are not taking on the cost of higher trade tariffs, Wells Fargo's Sarah House and Nicole Cervi write in a note. Nonfuel import prices rose 1.2% on year in June, figures showed Thursday. Import prices exclude duties such as trade tariffs, so if exporters were absorbing the higher cost of President Trump's tariffs on goods, prices would fall in line with those tariffs, House and Cervi note. "With little relief on import prices, domestic firms are stomaching the cost of higher tariffs and starting to pass it on to consumers," they warn. (joshua.kirby@wsj.com; @joshualeokirby)

0617 GMT - Rates remain elevated across the U.S. Treasury curve, providing fixed income investors with attractive coupons for some time now, Federated Hermes' Karen Manna says in a note. The unusual and extended period of close-to-zero interest rates post Global Financial Crisis, and the subsequent period of yield-curve inversion, have given way to an old normal, the fixed income portfolio manager says. "It's hard to believe that we're now more than three years from the beginning of the Federal Reserve's dramatic rate-tightening cycle in response to not-so-transitory inflation," she says. (emese.barta@wsj.com)

0612 GMT - The 10-year French OAT-German Bund yield spread has widened over the past weeks but it is expected to stay stable during the summer before a rewidening in September/October, Societe Generale Research's strategists say in a note. "The autumn will be a tricky period, with rating reviews, intense budget negotiations, and a potential fall of PM [Francois] Bayrou," they say in a note. In this context, "we continue to take advantage of carry and remain defensive on France." The 10-year spread is currently 71 bps, having widened from around 66 bps in early July, according to Tradeweb. (emese.bartha@wsj.com)

0557 GMT - The European Central Bank's meeting next week, where a hold is highly likely, is expected to leave the door open for an interest-rate cut in September, says Citi Research's Jamie Searle. "The July ECB meeting is unlikely to send a signal for September, in our view, so as not to prejudge the staff projections or tariff outcomes," the rates strategist says. That likely means a repeat of the assertion that policy rates are in a "good place," leaving the market to focus on any emphasis over how high the bar is for further cuts, he says. (emese.bartha@wsj.com)

0547 GMT - The short end of the euro bond curve--segments below two years--is still driven by European Central Bank expectations, Bank of America's Sphia Salim says. Bank of America expects the ECB to cut interest rates two more times this year, when it releases new staff projections in September and December. "However 10-year yields seem to factor in some significant optimism on the fiscal change in Germany and European defence spending, in terms of their structural impact on medium term growth," the head of European rates strategy says. 30-year yields are also driven by completely different factors, namely concerns around supply-demand for long-dated debt at a global level, Salim says. "Political and budgetary uncertainty in the U.S., U.K. and Japan are adding to the steepening pressures," she says. (emese.bartha@wsj.com)

0542 GMT - Commerzbank Research is comfortable with its bond yield forecasts, which remain largely unchanged for longer maturities, Christoph Rieger, head of rates and credit research, says in a note. Commerzbank expects slightly lower 10-year U.S. Treasury and German Bund yields by the end of the third quarter. The backdrop is that both the European Central Bank and the Federal Reserve are expected to cut rates in September, which is not fully reflected in forwards, Rieger says. "As previously observed during this cycle, we anticipate that the additional Fed rate cuts will be fully absorbed by the curve with limited impact on long-end yields ('reverse conundrum')," he says. The 10-year Treasury yield falls 3 basis points to 4.432%; the 10-year Bund yield ended Thursday at 2.671%, according to Tradeweb. (emese.bartha@wsj.com)

最近の資金調達

もっと見る
-- 07-17
-- 07-17

最近のトークン発行

もっと見る
pjon PJN
07-17
07-16
Rizzy RIZZY
07-16

𝕏 最新の注目

もっと見る