Bitcoin steigerte sich leicht, aber die Unsicherheit aufgrund der Spannungen im Iran begrenzt die Gewinne – Marktdiskussion

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0725 GMT - Bitcoin edges higher but remains below the key $80,000 level as heightened uncertainty over the Iran war keeps investors cautious. President Trump said Iran was "begging" to make a deal but the U.S. would launch fresh attacks if one wasn't reached in coming days. The WSJ reported that mediators saw little progress in the U.S.-Iran talks. "If you're looking for positives it seems there are three oil tankers currently navigating the Strait [of Hormuz] this morning, two Chinese and one South Korean," Deutsche Bank analysts say in a note. Meanwhile, investors are awaiting earnings from Nvidia after the U.S. close and the Federal Reserve's latest meeting minutes at 1800 GMT. Bitcoin rises 0.5% to $77,311, LSEG data show. (renae.dyer@wsj.com)

0722 GMT - Yields on U.K. government bonds fall after below-forecast inflation for April calmed fears about the possibility of aggressive Bank of England interest-rate rises in the coming months. U.K. annual headline inflation for April eased to 2.8% from 3.3% in March. "Headline inflation may drift lower in the near term, but the risk is that it proves short lived if energy costs continue to rise or if second round effects begin to take hold," Moneyfarm's Richard Flax says in a note. Ten-year gilt yields fall 4.6 basis points to last trade at 5.075%, Tradeweb data show. (miriam.mukuru@wsj.com)

0720 GMT - The Bank of England will breathe a sigh of relief following the release of April inflation data, Sanjay Raja at Deutsche Bank says in a note. Headline and core inflation fell more than expected in the month. The steep decline in services prices is likely to stick for the next year, Raja says. "Combined with the weaker trend in private wage growth--as seen yesterday--the Bank of England should have some confidence that domestic price pressures are still on a downward path," he says. Still, external prices pressures are expected to push up inflation ahead, with oil and commodity prices likely to rise further. "Core goods prices will also--at some stage--be less insulated from ongoing price rises," he says. (don.forbes@wsj.com)

0716 GMT - Eurozone government bond yields edge lower in early trade, tracking U.S. Treasurys as bond markets move to a calmer trading pattern after global selloffs earlier this week. The risk of further selloffs remains, however, as long as there isn't any credible solution to the conflict between the U.S. and Iran. "It is hard to shake off the bearish dynamic without a solution in the Middle East," ING's Benjamin Schroeder says in a note. Bond supply in the eurozone comes only from Germany which auctions 5 billion euros in February 2036-dated Bunds. The 10-year Bund yield falls 0.9 basis points to 3.176%, according to Tradeweb, albeit staying close to a 15-year high of 3.200% hit on Tuesday. (emese.bartha@wsj.com)

0708 GMT - The dollar struggles for direction amid uncertainty over the Iran war and ahead of the minutes of the Federal Reserve's last meeting. President Trump threatened fresh military action against Iran in coming days if a peace deal is not reached. Vice President JD Vance said "this is not a forever war" when asked about the length of the conflict during a White House briefing. The Fed's meeting minutes will be released at 1800 GMT. Markets are looking for further forward-looking views after policymakers were divided over the decision to keep rates steady, Danske Bank analysts say in a note. The DXY dollar index rises 0.1% to 99.383. (renae.dyer@wsj.com)

0638 GMT - Sterling is little changed, even after data showed U.K. inflation eased by more than expected in April. Inflation fell to an annual rate of 2.8% in April from 3.3% in March, reflecting government measures to reduce household energy bills. Economists in a WSJ survey expected inflation to fall to 3.0%. This will further take pressure off the Bank of England to raise interest rates in the near term, Aberdeen economist Luke Bartholomew says in a note. "But we are most certainly not out of the woods in terms of the impact of the Iran conflict on inflation," he says. Sterling trades flat at $1.3390. The euro is flat at 0.8661 pounds.(renae.dyer@wsj.com)

0636 GMT - China's retail sales growth likely faced some pressure in May due to the high base effect and weak travel data during the Labor Day holidays, HSBC Global Research analysts write in a note. Retail sales growth slowed to 0.2% on-year in April, owing to high bases of categories benefiting from the government's subsidy policy, such as household appliances, autos and furniture. Gold and jewelry sales also saw a 21% on-year decline last month as consumers remained on the sidelines due to gold price adjustments, they add. Among the consumer stocks, HSBC Global Research likes Yanjing Brewery, Midea Group and Yuto Packaging Technology. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

0606 GMT - The euro's downward momentum against the dollar is building, based on charts, says Quek Ser Leang of UOB's Global Economics & Markets Research in a research report. The weekly moving average convergence divergence indicator crossed into negative territory last week, indicating a build-up in weekly downward momentum, the senior technical strategist notes. On the daily chart, the euro's break below the daily Ichimoku cloud and the 21-day exponential moving average crossing below the 55-day EMA also indicate increasing downward momentum, the strategist says. The support level to watch is the ascending daily trendline, which is now at 1.1540, the strategist adds. The euro is 0.1% lower at $1.1594, LSEG data show. (ronnie.harui@wsj.com)

0601 GMT - Bond markets may stabilize on Wednesday, before Thursday's macro data serves as a reality check, Commerzbank's Hauke Siemssen says in a note. "There seems to be no place to hide with global bond markets selling off and yields reaching highs across all curve segments," the rates strategist says. Selloff in bonds continued Tuesday. "The ultra-long end is hit particularly hard, with 30-year U.S. Treasury yields reaching the highest levels since 2007 and 30-year Japanese government bond [yields] establishing themselves above their record highs of 4%," he says. The 30-year U.S. Treasury yield last trades largely flat at 5.182%, according to Tradeweb. (emese.bartha@wsj.com)

0543 GMT - U.S. Treasury yields edge lower as oil prices also fall, with a fragile ceasefire in the Middle East continuing. The reversal in direction comes after yet another selloff on Tuesday, as progress towards a U.S.-Iran peace deal remains elusive. The Federal Reserve's minutes from the April meeting are due later in the day. "We will look out for forward guidance on the balance sheet operations, which we did not receive during the meeting itself," says Danske Bank's Kristoffer Kjaer Lomholt in a note. The two-year Treasury yield falls 1 basis point to 4.111% and the 10-year Treasury yield edges 0.6 basis points lower to 4.662%, according to Tradeweb. (emese.bartha@wsj.com)

0524 GMT - Some super long-term JGBs extend price gains in the afternoon Tokyo session following the 20-year auction. The results show the lowest accepted price of 96.40 yen, above 96.20 yen, the upper end of forecasts compiled in Nikkei Quick News survey. However, the bid-to-cover ratio, a measure of demand in bond auctions, stood at 4.01, down from 4.82 at April's 20-year sale. Although the auction's outcome was mixed, this doesn't seem as bad as some feared, market observers say. The 20-year JGB yield is 7 bps lower at 3.710%, compared with a 5.5bp decline pre-auction. 30-year JGB yield is 10 bps down at 4.055%, versus a 6.5bps drop pre-auction. (ronnie.harui@wsj.com)

0516 GMT - Nuveen affirms its year-end forecast for the 10-year U.S. Treasury yield at 4.10%, says Laura Cooper in a note. "Barring a prolonged geopolitical escalation, moderating services inflation and fading tariff effects should gradually pull core inflation lower by year-end," the global investment strategist and head of macro credit says. This provides the Federal Reserve with scope for one rate reduction--though that remains a minority market view, she says. Even if the front end of the curve reprices lower, the long end is likely to remain constrained by ballooning fiscal deficits and a structurally higher term premium environment, keeping curve steepening pressures intact, she says. The 10-year Treasury yield last trades at 4.659%, down 1 basis point, according to Tradeweb. (emese.bartha@wsj.com)
source: https://www.tradingview.com/news/DJN_DN20260520002525:0/