Morning Bid: Japan inflation eyed; yen and yuan slide [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
Japanese inflation goes under the microscope on Friday, with scrutiny likely to be magnified more than usual given the yen's slide toward record lows, rising oil prices and the Bank of Japan's cautious approach to normalizing monetary policy. Sentiment across the continent on Friday may be clouded by Thursday's fall in U.S. stocks and bonds and rise in the dollar, tempting investors to lock in gains - Asian stocks hit a two-year peak this week, and world stocks hit all-time highs. As seems to be the case more and more lately, China is the gloomy exception. Blue chip shares slid to a two-month low on Thursday and are on track for their fifth weekly loss in a row, and the yuan slumped to its weakest level against the dollar since November. Trade tensions between China and the West continue to unnerve investors. German Economy Minister Robert Habeck stirred the pot on Thursday, saying in Seoul that South Korea and Germany both aim to diversify away from China, broaden their raw ma
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