U.S. and eurozone government bond yields held steady on Friday after a sharp two-day sell-off, as markets absorbed the inflationary shock from renewed U.S.-Iran military conflict and a resulting surge in oil prices.
The Japanese robotics giant saw its stock fall over 14% after reporting a 19% drop in operating profit, citing severe disruptions from a systems migration despite a 10% rise in revenue.
The digital asset recovered from a 22-month low but faces significant headwinds from expectations of higher interest rates and record outflows from U.S. spot Bitcoin ETFs.
The cryptocurrency EOS recorded its largest single-day percentage loss in years, falling over 15% even as market leaders Bitcoin and Ethereum posted gains. The token's price remains more than 99% below its 2018 all-time high.
Cardano (ADA) recorded its largest single-day percentage gain since late February, climbing more than 12% and pushing its market capitalization above $7 billion.
Wheat futures on the Paris-based Euronext exchange jumped over 4% to their highest level in six weeks amid speculation that Russia could close the Sea of Azov to shipping, threatening exports from the world's largest supplier.
Gold prices are on track for a weekly decline as a spike in oil prices, driven by escalating U.S.-Iran tensions, fuels concerns that persistent inflation will force the Federal Reserve to maintain a hawkish monetary policy stance.
China has implemented an immediate, temporary ban on helium exports, a move aimed at safeguarding its domestic supply as renewed conflict in the Middle East threatens the global availability of the gas, which is critical for semiconductor manufacturing.
Bitcoin's price is testing a critical resistance level near $63,300, but technical indicators like declining volume suggest the bullish momentum may be weakening, putting traders on alert for a potential reversal.
