AGP Executive Report
Last update: 10 hours agoFed & FX Watch: The dollar index pushed above 100.5 after the Fed’s 25bp hike to 3.75%-4.00%, with markets now leaning toward another move in October; USD/JPY hovered near 157.5 as Japan’s currency diplomat Mimura urged traders to heed a “very clear” yen message from Tokyo and Washington. Rates, Oil & Equities: Global stocks were mixed as Brent climbed on renewed Strait of Hormuz risk and 30-year Treasuries hit 22-year highs, keeping bond yields elevated and pressuring chipmakers. UK Housing Boost: Europe’s rally got a lift from a new “Help to Buy” equity loan plan, sending UK housebuilders sharply higher. Commercial Real Estate: Landsec agreed to sell a Westminster office block for £211m, aiming to recycle capital into higher-growth assets. Energy Pricing Infrastructure: TotalEnergies initiated the first West African crude cargo trade on Argus Open Markets, pricing Nigerian Qua Iboe at a $4.10/bbl premium to Dated Brent. India Enforcement: India’s ED provisionally attached assets worth ₹442.35 crore in the RummyCulture/Gameskraft money-laundering probe. Crypto Regulation & Markets: South Korea weighed changes to market-maker rules after JPYC’s yen-linked stablecoin traded around 4x its peg on Upbit; in parallel, XRP saw a major exchange outflow as a whale withdrew 580m tokens. Corporate Moves: GoTo shares fell 14% after Indonesia’s lower floor price rule took effect; Zymeworks updated guidance after completing its Theravance Biopharma acquisition. Deal/IPO: Malaysia’s RedPlanet plans a RM13.3m IPO ahead of a listing transfer to Bursa Malaysia’s ACE Market on Oct 22.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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