The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.

0653 GMT - Eurozone government bond yields decline in early trading, benefiting from a rally in Japanese government bonds as well as lower oil prices as concerns about Middle East tensions ease slightly. Japanese bond yields fell after Finance Minister Katayama said the government will encourage pension funds to invest more in local financial assets, helping to reverse recent increases in yields. Government bond issuance will come from Italy, while France and Spain will announce details of their respective auctions for next Thursday. The 10-year Bund yield falls 2.2 basis points to 3.035%. Declines in other 10-year eurozone government bond yields are of similar magnitude, according to Tradeweb. (emese.bartha@wsj.com)

0637 GMT - The dollar falls as concerns about a return to full-blown conflict in the Iran war fade, sending oil prices lower and driving investors away from safe-haven assets. A U.S. official said technical talks with Iran are continuing despite recent exchanges of military strikes between the two sides, The Wall Street Journal reports. "Our view remains that we should get a deal near term, but we see it as a fudge rather than an agreement which can ensure long-lasting peace," Jefferies economist Mohit Kumar says in a note. The DXY dollar index falls 0.2% to 100.751. (renae.dyer@wsj.com)

0500 GMT - Mainland Chinese airlines are expected to post deeper 1H losses compared with a year ago due to fuel pressures, HSBC analysts write in a note. Though jet fuel is down 54% since the peak of the Middle East conflict, it still remains higher than the pre-war average, they write. The divergence between the Big 3--Air China, China Southern and China Eastern--and Cathay Pacific is deepening, with Cathay expected to log a profit for 1H on robust premium demand and cargo yields, they say. "The question is no longer whether fuel is falling, but whether it declines quickly enough to restore profitability for the Big 3 before peak summer demand fades," they add. HSBC retains a buy rating on Cathay and a hold for the Big 3's A and H shares. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

July 10, 2026 02:53 ET (06:53 GMT)

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