The latest Market Talks covering FX and Fixed Income. Published exclusively on Dow Jones Newswires throughout the day.
1841 ET - MongoDB's established customers in industries like financial services, technology and media are still driving the bulk of its growth, but the company's AI business is picking up steam, the company says on its earnings call. "Smaller but accelerating growth drivers included early AI deployments with many of these same enterprise customers, and momentum with frontier labs and AI-native companies," Chief Financial Officer Michael Berry says. Companies are moving agentic AI applications into production "and choosing MongoDB as the data platform to power them," Chief Executive Chirantan Desai says. Shares up 1.9% to $332 in trading after hours. (nicholas.miller@wsj.com)
1546 ET - Demand for Treasurys picks up, lowering yields, as the U.S. economy gives signs of weakening and the U.S.-Iran standoff drags on. The 1Q GDP growth is surprisingly revised down to 1.6% annualized pace, while jobless claims tick higher. PCE inflation drifts away from the Fed's 2% target, as expected. Unconfirmed reports of a peace deal weigh on oil prices, which pare down early gains. The WSJ Dollar Index slips 0.2%. The 10-year yield falls 0.026 percentage point to 4.454%. The two-year slips 0.008 p.p. to 4.024%. (paulo.trevisani@wsj.com; @ptrevisani)
1342 ET - Travelers are compromising on their cruise preferences to adjust to rising airfares, according to Deutsche Bank in a note, citing a proprietary survey. The analysts say 45% of respondents are considering alternatives to cruises, such as land-based resorts or road trips, to avoid expensive air travel to get to a cruise. More than half of respondents said they are opting for cruises departing from a port closer to home to save on flights. Meanwhile, nearly half are looking for cruise packages that include airfare, "indicating a strong preference for transparent, all-inclusive pricing," say the analysts. These figures imply that consumers are prioritizing overall vacation cost over an "ideal" itinerary or ship, according to Deutsche Bank. (katherine.hamilton@wsj.com)
1307 ET - Wage gains, rate cuts and an ability to sock away savings helped Canada avert a much-feared financial squeeze from a wave of mortgage renewals at higher rates, says Bank of Canada's No. 2 official, Carolyn Rogers. Warnings were rampant that households would face financial risk when their mortgages--taken out at relatively low rates earlier this decade--were up for renewal. The BOC's Financial Stability Report indicates the worst-case scenario never materialized. Households "saw this wave coming too," Rogers says at a press conference. She says households benefited from a combination of higher wages, increased savings, and BOC rate reductions. "There were a whole bunch of factors I think that fed into that risk sort of gradually declining over time," she says. (paul.vieira@wsj.com; @paulvieira)
1210 ET - Bitcoin is trading around support levels now, says Matt Mena of 21Shares. BTC is down 3% to $72,895, but Mena maintains the resistance level for the cryptocurrency at $80,000. "The key level remains $80,000," says Mena. He explains that bitcoin remaining within the recent support-resistance range--even with a volatile situation around the U.S.-Iran conflict and the PCE report showing higher inflation--is a positive sign for prices. "The current consolidation suggests the market is cooling off before its next attempt higher," says Mena. He adds that a renewed run higher could lead bitcoin to a range of $85,000 to $95,000 by the end of the quarter. (kirk.maltais@wsj.com)
1117 ET - Eurozone goods exporters to the U.S. have seen competitiveness eroded, while other major trading partners have seen large gains, Oxford Economics' Daniel Kral says in a note. That suggests the stronger euro has been a more significant driver of the eurozone's loss of competitiveness than higher tariffs, contrasting with other major economies whose U.S. tariffs also rose but whose exchange rates have also depreciated, he says. That gap is likely to persist, posing a structural headwind for eurozone growth, he says. Given institutional constraints and the difficulty of raising productivity, the European Union could increasingly turn inwards and use protective trade measures, particularly against China, Kral adds. (edward.frankl@wsj.com)
1112 ET - Yields on U.K. 10-year government bonds fall to lowest level since April 20, after Axios reported that the U.S. and Iran have reached an agreement but they still need President Trump's final approval. Axios reported that negotiators from the two countries "reached an agreement on a 60-day memorandum of understanding to extend the cease-fire and launch negotiations on Iran's nuclear program". Ten-year gilt yields are down 4.4 basis points to last trade at 4.813%, having dropped to a 5.5-week low of 4.791% after the news, Tradeweb data show. (miriam.mukuru@wsj.com)
1101 ET - Outflows of money from bitcoin ETFs climbed to $733.4 million Wednesday, according to data from CoinGlass. That's more than double the outflow seen the day prior, underpinning today's slide in bitcoin prices. It's also the second-largest outflow seen in bitcoin ETFs this year, says Khaled Guerbouz of the Arbeat Group in a note. "Investor sentiment has deteriorated alongside the macro environment," says Guerbouz. BTC is down 3.1% to $72,834, according to LSEG. (kirk.maltais@wsj.com)
1035 ET - Bitcoin is down more than 3%, bringing it to under $73,000 for the first time in over a month, according to data from CoinMarketCap. Spurring the sell-off is this morning's April PCE report, which showed inflation rising to 3.8% year-over-year. Indications of higher inflation, and potential future rate hikes from the Federal Reserve, are making cryptocurrency less appealing to investors. This is being reflected in long positions in bitcoin, with $322.5 million in longs being liquidated in the past 24 hours, according to CoinGlass. More than half of that has occurred in the past 12 hours. Other major cryptocurrencies are lower as well, with bitcoin cash sinking 13.7% to $296.26 while solana falls 4.4% to $80.08 and ethereum is down 4.4% to $1,973. (kirk.maltais@wsj.com)
1026 ET - Bank of Canada officials say a range of risks related to artificial intelligence "are intensifying and require close monitoring." In its annual financial-stability report, BOC cites share-price drops among software companies, driven by worries about AI disruption, and the subsequent stress in private-credit markets. AI may also increase cyber security risks across the financial system by making it easier for software vulnerabilities to be identified and exploited, the BOC report says. And circling back to the stock market, BOC warns of a sharp repricing of AI-related stocks and corporate debt--used to finance the building of data centers--in the event of an earnings disappointment. (paul.vieira@wsj.com; @paulvieira)
1022 ET - Years of warnings from some economists and lawmakers of a loan-loss crisis at Canadian banks stemming from a wave of mortgage renewals appear to be for naught. Concern mounted recently about 5-year mortgage loans taken out at low rates at the start of the decade needed to renewed at sharply higher rates. The Bank of Canada's financial-stability report says many mortgage holders faced higher payments at renewal in 2025 and in the first half of 2026, "but most have been able to manage the increase. As a result, lenders have not seen a broad rise in loan losses." The BOC estimates that, by the second half of 2027, nearly all mortgage holders facing large payment increases will have renewed. (paul.vieira@wsj.com; @paulvieira)
1018 ET - The Bank of Canada judges that the country's financial system remains resilient, and that its banks are in a position to continue lending even if conditions deteriorate. The annual Financial Stability Report pays notice to previous issues related to elevated household debt, and reiterates that hedge-fund activity in the sovereign-debt market bears close monitoring. But overall, "households and businesses remain in stable financial condition," BOC says. Worries about US trade-policy uncertainty sparking financial stress have not materialized, it says. The financial system has functioned well despite hefty US tariffs on key industrial sectors like steel, automobiles and aluminum. (paul.vieira@wsj.com; @paulvieira)
(END) Dow Jones Newswires
May 28, 2026 18:41 ET (22:41 GMT)
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