{
  "id": 5303665,
  "title": "Global stocks, bonds gain ahead of US data, yen rallies",
  "url": "https://urgent.news/2026/09/03/global-stocks-bonds-gain-ahead-of-us-data-yen-rallies",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T09:41:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/09/03/global-stocks-bonds-gain-ahead-of-us-data-yen-rallies"
  },
  "original_language": "en",
  "account": "Global stocks and bonds experienced a surge on Thursday, while the Japanese yen strengthened ahead of crucial US data and remarks from central bankers that could further support the belief that the Federal Reserve will raise interest rates this month. Japanese government bond yields dropped from record highs, mirroring a recovery in global bonds, and the yen surged to its biggest two-day rally since early August due to official intervention. Oil prices edged lower, hovering around US$95 a barrel, with uncertainty surrounding potential military strikes between the US and Iran. European markets saw a slight uptick, while US futures showed a modest rise. Tech companies Broadcom, Snowflake, and Hewlett Packard Enterprise were closely watched following their earnings reports on Wednesday. The impending US payrolls report on Friday, following weak private labor data for August, is of immediate interest for investors. Fed Board Governor Christopher Waller is scheduled to speak, following New York Fed President John Williams' comments on Wednesday that higher long-term bond yields reflect a strong economy. Analyst Samy Chaar from Lombard Odier believes that higher yields could be beneficial for multi-asset portfolios if strong demand keeps them elevated, as it presents a favorable environment for equity growth and credit exposure. Current money market forecasts indicate a 60% probability of a Federal Reserve rate hike this month, up from less than 40% a week ago. Sovereign bond yields decreased as concerns grew about tighter monetary policy and worsening fiscal conditions. The 10-year US Treasury yield fell to 4.766%, while 10-year German yields dropped to 3.363%. The yield on the 30-year Japanese government bond (JGB) also declined to 4.085%. The dollar index weakened by 0.34% to 99.25, largely due to the yen's rise, which has gained nearly 2% in two days, setting the stage for its largest two-day increase since early August. The euro increased by 0.16% to around US$1.1606, and the pound rose by 0.1% to US$1.349. The Swiss franc strengthened to 0.8093 francs, causing the dollar to drop by 0.44%. In commodities, oil prices fell for the first time in nearly a week, but investors remained cautious following the largest exchange of attacks between the US and Iran in seven months, reigniting fears of a wider Middle Eastern escalation. Brent crude LCOc1 dropped to US$94.57 per barrel, down 1.1%. Gold, however, rose by 1.14% to US$4,436.34 an ounce, now nearly 13% above its seven-month low, as geopolitical uncertainty and concerns about the US dollar's devaluation have driven investors back into the market. The Dutch central bank recently transferred a significant portion of its gold reserves from North America to London vaults to prepare for potential crises.",
  "summary": "Japanese government bond yields slid from historic peaks, tracking a recovery in global bonds, while the yen powered towards its biggest two-day rally.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Global stocks, bonds gain ahead of US data, yen rallies",
        "url": "https://urgent.news/2026/09/03/global-stocks-bonds-gain-ahead-of-us-data-yen-rallies-5309211",
        "published": "2026-09-03T09:41:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}