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(Bloomberg) -- Hedge fund Fermat Capital Management expects the market for catastrophe bonds to grow 20% this year, as a product based on disasters gains ground in a world increasingly shaped by extreme weather, population density and inflation.Most Read from BloombergAs Coastline Erodes, One California City Considers ‘Retreat Now’How a Highway Became San Francisco’s Newest ParkPower-Hungry Data Centers Are Warming Homes in the NordicsA New Central Park Amenity, Tailored to Its East Harlem Neigh

Most economists now expect the Bank of Japan will hold interest rates through September as it pauses to assess the effects of U.S. tariffs, a Reuters survey showed, although a slight majority still see at least a 25-basis-point hike by year-end. Those results echoed views expressed by BOJ rate-setters that U.S. President Donald Trump's sweeping tariffs have disrupted but not derailed the bank's endeavours for slightly tighter monetary conditions, even as many peers are leaning toward reducing borrowing costs. In the May 7-13 survey, 95% of economists, 59 of 62, forecast no change to interest rates at the BOJ's next policy meeting concluding on June 17.

World shares and U.S. futures slipped Thursday after U.S. stocks drifted to a mixed close on Wall Street. Oil prices fell about $2 a barrel. China moved to reverse some of its “non-tariff” measures against the U.S. as agreed with Washington in their temporary trade war cease-fire and most markets traded in a narrow range.

World shares and U.S. futures slipped Thursday after U.S. stocks drifted to a mixed close on Wall Street. Oil prices fell about $2 a barrel. China moved to reverse some of its “non-tariff” measures against the U.S. as agreed with Washington in their temporary trade war cease-fire and most markets traded in a narrow range.

SINGAPORE (Reuters) -Stocks fell on Thursday while the dollar stumbled as the euphoria from market tailwinds earlier in the week fizzled out, with traders looking to U.S. data later in the day for further catalysts. Oil prices slid on expectations of a potential U.S.-Iran nuclear deal, with Brent crude futures and U.S. crude falling more than 2% each. U.S. Treasury yields were elevated and the benchmark 10-year yield rose to a one-month top, in part due to worries over President Donald Trump's budget package that would add trillions of dollars to the U.S. debt.

TOKYO (Reuters) -The U.S. dollar weakened on Thursday in tandem with a surge in the South Korean won amid persistent speculation that Washington is seeking a weaker greenback, which in turn also lifted other Asian currencies. News on Wednesday that officials from South Korea and the U.S. met last week to discuss the dollar/won exchange rate has led to a bout of dollar selling, underscoring a cautious mood in the market after initial euphoria over a U.S.-China tariff truce early this week fizzled out. "Reports of currency discussions between the U.S. and South Korea, coupled with signs the Trump administration may tolerate a weaker dollar, have fuelled won sentiment," said Kieran Williams, head of Asia FX at InTouch Capital Markets.