Interest Rates
Der Nuveen Municipal Credit Income Fund erreicht ein 52-Wochen-Tief von 11,22 US-Dollar
Der Fund erreichte 11,22 US-Dollar, ein Rückgang von 9,51% im vergangenen Jahr. Er bietet eine Dividendenrendite von 8,37% und verfügt über 2,21 Mrd. US-Dollar an Aktiven unter dem Druck auf Kommunalobligationen.
BlackRock MuniHoldings California Quality Fund fällt auf das 52-Wochen-Tief von 9,99 USD
Der BlackRock MuniHoldings California Quality Fund (MUC) sank auf ein 52-Wochen-Tief von 9,99 USD, ein Rückgang von 6,45% im vergangenen Jahr, während die Dividendenrendite nach 29 Jahren Auszahlungen weiter bei 6,35% liegt.
Moulin warnt, dass die EZB die Stabilität des französischen Staatsverschuldens nicht garantieren kann
Emmanuel Moulin, der Gouverneur der französischen Zentralbank, wies den Rückgriff auf die EZB zur Bekämpfung steigender Kreditkosten zurück und betonte, die fiskalische Disziplin müsse weiterhin hoheitlich bewehrt bleiben.
Die Rendite der 10-Jahresanleihen brach auf 5,23% und erreichte damit ihren höchsten Stand seit 2007
Die Referenzrenten für 10-jährige Treasuries stiegen am Freitag auf 5,23% und erreichten damit ihren höchsten Stand seit 2007, da sich festgelegte Inflationserwartungen sowie eine starke Zinserhöhung bei der Emissionserhöhung auswirken.
Die Rendite der US 10-Jahres-Treasuries erreicht 5,04% angesichts der Sorgen über Föderalarmerhöhungen
Die Rendite auf den Benchmark 10-jährigen US-Treasury-Note erreichte bei 5,04% ihren höchsten Stand seit Juli 2007, da die Märkte vor der geplanten Zinsentscheidung der Federal Reserve am Mittwoch höhere Kreditkosten einnahmen.
Bitcoin fällt unter 83.000 US-Dollar, da Händler vier Zinsschritte der Fed bis Juni 2027 angeben
Steigende Zinssätze für Staatsanleihen sowie ein stärkerer Dollar belasten Kryptowährungen und Gold angesichts der Erwartungen einer verlängerten Geldstraffung.
Die europäischen Aktien fallen angesichts steigender Zinsen und geopolitischer Risiken
Die Indizes gingen zurück, während die Zinserwartungen stiegen, US-Konjunkturdaten weitere Zinserhöhungen durch die Fed befürchteten und die Schwäche des Sektors anhielt.
Die Globalmärkte sinken vor dem Gipfel von Trump und Xi angesichts der Inflation und der geopolitischen Risiken
Die US-Aktien und die Zinserwartungen büssten an Wert, da es Bedenken hinsichtlich der Inflation und der Handelskonflikte gab, als Präsident Trump den chinesischen Präsidenten Xi zu einem Spitzentreffen empfing.
Die EZB sieht begrenzte Druckpunkte auf die Löhne bei der durch Energie verursachten Inflation
Philip Lane, Chefökonom der Europäischen Zentralbank, sagte, dass der Lohnwachstum trotz der explodierenden Energiekosten weiterhin moderat ist und dadurch die Inflationsrisiken begrenzt bleiben.
Bitcoin fällt unter 84.000 US-Dollar, da die 10-jährige US-Staatsanleihenrendite auf ein 19-jähriges Hoch kommt
Der Preisverfall von Bitcoin steht in Zusammenhang mit einem deutlichen Anstieg der Zinserwartung für US-Treuhandpapiere mit einer Laufzeit von 10 Jahren, die das höchste Niveau seit 2007 erreichte. Analysten prognostizieren eine hohe Wahrscheinlichkeit für eine Zinserhöhung durch die US-Notenbank im Oktober.
Die Kreditvergabe in der Eurozone sinkt stark aufgrund der Zinseudmassnahmen der EZB
Die Kreditverfügbarkeit von Unternehmen sank im August um die Hälfte, da höhere Kreditkosten die Unternehmensfinanzierung belasten.
UBS: Steigende Zinsen schmäler die Gewinnziele europäischer Aktien
Die Strategier des UBS beobachten, dass die US-10-Jahresrenditen auf 5 % gestiegen sind, was zu einem Breitenlück von 22 Punkten im MSCI Europe-Index geführt hat – das grösste in ihrer Stichprobe –, was auf eine Änderung des Rahmenbedingungen hinweist, wie die Märkte Zinsrisiken bewerten.
Der weltweite Verkauf von Staatsobligationen treibt die Renditen britischer Staatsanleihen auf ein 19-Jahres-Hoch vor dem Haushaltsentwurf
Ein Verkaufsrausch bei Staatsanleihen brachte die Renditen für 10-jährige britische Bonds auf 5,38 %, was einen grossen Teil des fiskalischen Spielraums unter dem Finanzminister John Healey wegnimmt, mit dem er für den nächsten Monatens Haushalt verfügen muss.
Die SNB hält die Zinssätze bei null, da Spekulationen über Zinserhöhungen schwelen
Die Schweizerische Nationalbank hat ihren Leitzinssatz bei 0,00% gehalten und ihren Inflationsausblick verbessert, obwohl die Ökonomen sich bezüglich des Zeitpunkts oder sogar der Tatsache, ob es zu einer Zinssatzanhebung komme wird, uneins sind.
Gold fällt unter die Marke von 4.300 USD, da das Stimmungsumfeld an der Wall Street und im Einzelhandel auseinander divergiert
Gold fiel auf 4.284,97 USD, was einem Wochenverlust von 2,17% entspricht, während eine Umfrage von Kitco einen bullishen Blick unter den Analysten an der Wall Street zeigt, aber einen stärkeren bullishen Blick bei Privatanlegern.
Die US-Aktien stehen unter Druck durch steigende Ölpreise und Renditen von Staatsanleihen
Wall Street erwartet Verluste, da die Ölpreise aufgrund der Befürchtungen im Nahen Osten steigen und die Renditen von 30-jährigen Treasuries auf einen Niveau klettern, wie es seit 2004 nicht mehr der Fall war, was den Aktien von Technologieunternehmen belastet.
Die SMI bleibt vor einem höheren Start leicht positiv, Meta erreicht ein Allzeithoch
Die asiatischen Börsen zeigen Widerstandsfähigkeit trotz globaler Anleihengeschäftsrisiken, während die US-Aktienmärkte und Währungskurse unter Zinserwartungen und geopolitischen Spannungen schwanken.
US-Aktien-Futures fallen, da die renditen steigen, Öl springt wegen der Spannungen im Nahen Osten
Die S&P 500, die Nasdaq-100 und die Dow-Futures sanken leicht, während die Zinserwartungen für das 10-Jahres-Bund der Vereinigten Staaten auf über 5,2 % stiegen und der Rohöl nach einem Huthi-Raketenangriff auf saudische Anlagen um über 3 % stieg.
Die US-Zinserwartungen für 10-jährige Anleihen steigen bereits die sechste Woche, da sich der Bond-Route weiter verschärft
Der Benchmark 10-jährige US-Anleihe neigt sich auf 5,23%, ein Niveau, das nicht seit 2007 erreicht wurde, während die 30-Jährige das Niveau von 5,50% überschritten hat – das höchste seit 2004 –, was Besorgnis auf den Aktien- und festverzinslichen Märkten auslöst.
Gold geht in die Woche mit Verlusten wegen der Steigerung des Dollars und der Fed-Zinsprognose
Das Spot-Gold fiel in der Woche um 2 % auf rund 4.288 USD, da ein stärkerer Dollar und hawkische Kommentare der Federal Reserve die Preise niedrig hielten.
ECB-Chef Vujcic warnt vor einer Erhöhung der Inflation in der gesamten Eurozone durch die Dieselpreise
ECB-Vizepräsident Boris Vujcic warnte, dass persistente hohe Energiekosten das Wachstum dämpfen könnten und die Markterwartungen für aggressive Zinserhebungen beeinträchtigen könnten.
Die Stärke des Dollars hält an, da die Zinsraten von Anleihen den GBP/USD steigern
Stellvertretend dafür erklimmen die Renditen der US-Staatsanleihen und die Energie-Märkte halten den Dollar aufrecht, obwohl resiliente Daten aus der Eurozone die Spreads begrenzen.
Der Kanadische Dollar bewegt sich nahe der Tiefstwerte, da der Aufwärtstrend des US-Dollars fortbesteht
Der Loonie befindet sich nahe den Multi-Wochen-Tiefen bei etwa 1,4149 Kanadischen Dollar gegenüber dem US-Dollar und wird durch die amerikanischen Anleiherenditen und schwachen kanadischen Einzelhandelsumsätze belastet.
Der kanadische Dollar bewegt sich nahe dem Niveau von 1,4150 US-Dollar, da die Stärke des US-Dollars anhaltet
Der Kanadische Dollar bleibt unter Druck nahe einem mehrwöchigen Tiefpunkt angesichts einer allgemeinen Aufwärtstendenz des US-Dollars und der Erwartungen einer strengeren Geldpolitik der Federal Reserve.
Hungary may cut rates this year if euro plan progresses, deputy governor says
The National Bank of Hungary left its rate steady at 5.5% and cut its inflation target to 2.5%. Deputy Governor Zoltan Kurali said another easing remains possible by year-end if fiscal clarity arrives and euro adoption advances.
FedWatch tool shows 56% chance of September 2026 rate hike
Market pricing shifts after Fed Chair Warsh’s Jackson Hole speech raise odds of a 25-basis-point hike to nearly 56% at the September 16 FOMC meeting.
S&P 500 Utilities index slides to 52‑week low amid rising 10‑year Treasury yield
The utilities sector fell to 400.07, its lowest level in a year, as the 10‑year U.S. Treasury yield rose to 5.16%, triggering oversold technical signals.
Anleger auf Wachstumskrisen und Zinserhöhungen fokussiert
Geopolitische Spannungen und Anleiherenditen dominieren die Börsenwoche – Brent-Olpreis bleibt stabil, SMI überquert 14'000 Punkte nur kurzzeitig
Morgan Stanley Upgrades BoE Hike Expectations to Two 25-BP Cuts Amid Fiscal Tightening
Analysts at Morgan Stanley revised their forecast for the Bank of England to two quarterly rate hikes—both 25 basis points—following a fiscal backdrop that limits monetary policy flexibility.
Dollar strength persists amid bond sell-off, euro under pressure
U.S. currency gains as global risk-off conditions reinforce dollar rally, while euro faces headwinds from yield spreads and political uncertainty
Bickel: Dollar set for mild gain, bonds favor corporates over sovereigns
Edmond de Rothschild's head of private banking research says AI fears may be strategic messaging, expects modest dollar strength and prefers high-quality credits at current yields.
UBS Forecasts SEK Weakness Amid Global Rate Pressures
Higher global interest rates and energy costs are expected to sustain downward pressure on the Swedish krona, despite domestic economic stability.
UBS Sees Dollar-Franc Strength From Yield Gap After SNB’s Rate Pause
Swiss National Bank’s cautious stance and rising Swiss inflation may support USD/CHF as UBS projects a range of 0.84–0.85 by mid-2027, with near-term targets at 0.81 in December and 0.79 in March.
Global bond sell-off continues amid rising interest rate concerns
Eurozone and US bond yields hit record highs, raising concerns about asset risks and inflation. Rising oil prices and government spending further fuel inflation fears.
SMI Holds Steady; ABB and UBS Rise, Nestlé Struggles
Swiss stock market shows resilience, with ABB and UBS gaining while Nestlé lags. Oil prices and bond yields remain key market drivers.
U.S. 10-year yield hits 6-week high, bond rout continues
The 10-year U.S. Treasury yield reached 5.225%, its highest level since July 2007, as the bond rout deepens. The 30-year yield also hit a 22-year high.
Eurozone M3 money supply growth accelerates to 3.5% in August
Economic expansion pressures persist as broad money supply M3 rises fastest since May 2025, while credit trends diverge between households and non-financial firms.
Schweizer Ökonomen erhöhen Wachstumsprognose für 2026 und 2027 auf 1,7 Prozent
Expertenrevisionen deuten auf stärkere Investitionen und stabilere Preisentwicklung hin, während der Arbeitsmarkt und der Franken stabil bleiben
SMI steigt, aber Zinsfront bleibt angespannt – Aktienratings und Ölpreise dominieren
Schweizer Aktien wie ABB und UBS erleben vorbörslich positive Kursbewegungen, während die Zinsentwicklung und Ölpreise die Börsenstimmung prägen. Neue Ratings und Kursziele sorgen für Aufmerksamkeit, doch die Risiken bleiben.
Asia stocks retreat amid bond market stress and geopolitical uncertainty
Global bond selloffs and unresolved tensions in U.S.-China trade negotiations weighed on regional equities, while oil prices remained volatile.
Swiss Stocks Set for Higher Open on Upgrades, SNB Holds Rates
The SMI looks to open 0.4% higher as UBS upgrades Glencore and analysts revise targets on Swiss shares; the SNB keeps rates at zero percent while oil prices ease.
Eurozone PMI hits 3½-year high amid Iran conflict, ECB inflation outlook raised
Business activity surged to its strongest level since April 2023 despite Middle East tensions and energy price pressures.
US-Aktienmärkte leiden unter Zinserwartungen und Ölpreisschocks
Meta und Logitech unter Druck; Schweizer SMI leicht im Minus, während Nestlé und Novartis stabil bleiben.
U.S. Treasury yields hit 20-year highs, pressuring global equities
A bond selloff pushed longer-dated U.S. yields to multi-decade peaks, raising borrowing costs and dampening Asian and global markets.
Asian Currencies Slide as Dollar Hits Two-Month High; Yen Nears 160
Dollar extends win streak for fourth day amid surging Treasury yields; yen tests 159 as Japan's rate decision looms, while Aussie dollar leads regional losers on worsening employment data.
ECB's Schnabel Expected to Leave Early for IMF Post
The central banker's eight-year tenure was set to run through late 2027, but a switch to the International Monetary Fund may be announced as early as Thursday.
Popular US Treasury ETF Hits Record Low on Bond Selloff
BlackRock's iShares 20+ Year Treasury Bond ETF fell 1.6% to $80.46, erasing more than half its value since 2020 as Fed rate expectations weigh on long-duration bonds.
Gold edges lower, set for weekly loss as oil fuels Fed hike bets
Gold posted a weekly decline exceeding 2% as rising oil prices and Treasury yields intensified expectations of additional Federal Reserve rate increases.
Philadelphia Fed President Paulson signals possible modest rate hikes to curb inflation
Anna Paulson said further tightening may be needed as underlying inflation stays around 2.5%-3%, after the Fed lifted rates to a 3.75%-4% range.
Wall Street Extends Losses as Oil Surge and Bond Yields Pressure Stocks
The Dow, S&P 500 and Nasdaq 100 all posted fresh declines on Thursday, weighed down by rising oil prices, a selloff in bonds pushing 30-year yields to their highest since 2004, and mounting inflation concerns.
Gold Prices Slip as Markets Anticipate Prolonged Fed Tightening
Spot gold eased 0.1‑0.3% to near $4,280 per ounce on Thursday as investors priced in higher‑for‑longer Federal Reserve policy, while oil rose and other precious metals showed mixed moves.
How Central Bank Decisions Move Currency Markets
Central banks are among the most influential forces in the forex market. Interest rate decisions, in particular, can trigger significant currency volatility within seconds of an announcement, as traders rapidly reprice…
U.S. Treasury Yields Rise to Multiyear Highs on Strong Data, Fed Rate-Hike Bets
The 10-year Treasury yield climbed to 5.165%, its highest since 2007, and the 30-year yield reached 5.455%, the highest since 2004, as robust economic data and expectations of another Federal Reserve rate increase drove bond selling.
Fed September Hike Odds Fall to 25% as Soft Inflation Data Lulls Markets
July CPI and PPI came in cooler than expected, pushing rate-hike probability from roughly 60% to a quarter and easing pressure on Fed Chair Kevin Warsh to tighten further.
Dollar hits two-month high as Swiss franc, yen weaken on hawkish Fed outlook
The dollar rose 0.14% to 101.27 for a fourth straight daily advance, pressing the franc to its lowest level since May 2025, as Fed officials opened the door to further rate increases.
SNB maintains zero rates amid inflation concerns, defends UBS capital rules
Swiss central bank leaves key rate unchanged at 0%, rejects calls for rate hikes despite inflation pressures and franc weakness.
Banco de Sabadell Looks to Standalone Growth as Spain Economy Accelerates
The bank's CEO highlighted strong volume growth in Spain and a target return on tangible equity of 16% by 2027, as nominal GDP expands faster than the EU average.
ECB projects euro area inflation spike to 3% in 2026, growth to slow
The European Central Bank raised its 2027–2028 inflation forecasts and upgraded 2026–2027 GDP growth, projecting headline inflation at 3% next year as energy costs rebound.
U.S. yields hit 5% as PMI data and bond auctions drive market sell-off
U.S. Treasury yields surge past 5% as strong PMI data and failed bond auctions spark sharp sell-off, with traders pricing in another Fed rate hike.
Pound steadies as stretched dollar rally meets Treasury yield peak
Sterling edges higher near 1.3248 as the dollar’s recent surge faces signs of exhaustion, with the DXY above 101.0 and the 10-year Treasury yield holding near its highest level since July 2007.
Euro Yields Surge on Strong PMI Data, Boosting Case for More ECB Rate Hikes
Germany's 10-year Bund yield hit 3.549% as flash PMI data showed euro zone business activity accelerating at the fastest pace in over three years, stoking expectations the ECB will continue raising rates.
EZB-Zinserhöhung im Dezember erwartet: Institute sehen weitere Anstiege im Euroraum
Die führenden Wirtschaftsforschungsinstitute erwarten eine weitere Erhöhung der Leitzinsen durch die EZB im Dezember 2024, mit einem möglichen Quartalszins von 2,75 %. Energiepreise und Inflation bleiben zentrale Treiber für die geldpolitische Entscheidung.
Bitcoin Falls Below $84,000 After Rally From $75K, Yields Climb on Fed Rate Hike
Bitcoin reversed a ~13% four-day rally to slip below $84,000 as the 10-year Treasury yield hit 5.058%, driven by the Sept 16 Fed rate decision and hotter-than-expected S&P Global PMI data.
SNB Leaves Rates at 0% Amid Rising Swiss Inflation
Swiss central bank maintains benchmark rate at zero percent despite inflation pressures, citing energy price spikes as key driver.
SNB Holds Rates at 0% Amid Rising Inflation and Global Uncertainty
Swiss National Bank leaves policy rate unchanged at 0% while noting elevated inflation pressures and geopolitical risks.
Switzerland's SNB Keeps Rates at 0% Amid Global Tightening
Switzerland's central bank defies global rate hikes, but markets expect a move by early 2027. The Swiss franc's strength and unique economic factors help keep inflation low.
U.S. Stock Futures Drop as Treasury Yields Top 5%; Trump-Xi Talks Begin
Futures fell across the board as the 10-year Treasury yield surged past 5%, its highest since 2007, while the Trump-Xi summit opened in Washington with trade and AI on the agenda.
Global bond sell-off deepens as US economy fuel rate-hike bets
US Treasury yields surge past 5% on both the five- and 10-year benchmarks as strong PMI data and rebounding oil prices stoke bets on further Federal Reserve rate increases.
Global Bond Yields Nudge Near 4% as Selling Pressure Mounts
The Bloomberg Global Aggregate Treasuries Index yield rose to 3.99%, its highest level since 2007, amid persistent inflation, fiscal concerns and geopolitical tensions.
ECB Chief Economist Sees No Major Wage Pressure Despite Rising Inflation
Philip Lane says inflation exceeding 3% is not being transmitted into pay demands, as firms cite Chinese competition and automation as reasons to hold wages steady.
Bitcoin Falls Below $84,000 as Treasury Yields Hit Highest Since 2007
Dogecoin led a crypto selloff as rising Treasury yields and strong U.S. business data pressured nonyielding assets.
Swiss Central Bank May Raise Rates as Inflation Outlook Improves: Swiss Life
Chief economist Marc Brütsch says the SNB could lift its policy rate from zero, while jobless recovery and AI-driven labor shifts shape the economic outlook.
Asian currencies mixed as dollar holds two-month high, yen lingers near lows
The greenback steadied near 101.09 on rising U.S. rate-hike expectations and geopolitical pressure on oil, while the yen remained anchored near multi-decade lows despite a Bank of Japan policy shift.
US Dollar reaches two‑month high as PMI data stokes inflation fears
The greenback rose to a two‑month peak, pushing euro and pound to multi‑month lows while five‑year Treasury yields broke 5% for the first time since 2007.
Gold Flat as Fed Rate-Hike Bets Weigh on Precious Metals
Spot gold held near $4,282 per ounce as traders priced in a second consecutive Federal Reserve rate increase, while oil dipped on diplomatic signals from Iran.
Gold steadies at $4,295 as Treasury yields top 5% and Fed hike bets rise
Gold edged up 0.2% to $4,295 per ounce, halting a roughly 20% decline since the February U.S.-Iran conflict, as 5‑year Treasury yields broke 5% and markets price in three Fed rate hikes by next April.
Bitcoin Bull Market Targets $250K by 2029 as ETF Inflows Signal Strength
Analysts at Tiger Securities project a potential $250,000 peak for Bitcoin by 2029, citing ETF inflows and price recovery as signs of a maturing bullish trend.
Richmond Fed President Thomas Barkin comments on firming activity and inflation pressures
Richmond Fed President Thomas Barkin said economic activity is firming while inflation pressures persist.
Holley Performance Brands Makes $10 Million Voluntary Debt Prepayment
The automotive parts maker used free cash flow to prepay $10 million of its term loan, bringing total debt reduction since September 2023 to $125 million. CFO Jesse Weaver said the move keeps the company on track to hit a year-end leverage ratio below 3.5x.
Gold prices drop as higher-for-longer central bank interest rate outlooks weigh on market sentiment
Gold prices fell as expectations of prolonged higher central bank rates weighed on market sentiment.
US Treasury sells $70 billion in 5-year notes
The U.S. Treasury auctioned $70 billion of 5‑year notes.
Fed's Barr Cites Tariffs, Geopolitics, and AI Demand as Inflation Drivers
Governor Michael S. Barr said the FOMC increased the policy rate last week and further adjustments may be needed as shelter costs and broader inflation remain elevated.
Reinhart warns sovereign debt could spark crisis, calls for fiscal discipline
Harvard economist Carmen Reinhart cautioned that rising sovereign debt may trigger a sudden crisis, emphasizing the limits of low‑interest policies and the risk of fiscal dominance.
ING Raises 2027 Profit Targets on Revenue Growth, Cost Cuts
Dutch bank upgrades return-on-equity target to above 16% and lifts 2027 revenue guidance by EUR 1 billion, citing momentum in retail lending, mortgages, and wealth management.
OECD raises 2026 growth forecast amid high oil prices, warns 2027 risks
Global growth is projected to rise to 2.9% in 2026, defying elevated oil prices, but downside risks loom for 2027.
Swiss Franc Seen Gaining as Safe Haven, Analysts Say
Deutsche Bank and Goldman Sachs see upside potential for the Swiss franc as safe-haven demand and waning central-bank intervention weigh on EUR/CHF.
Pound falls to 1.3292 as dollar rebounds on Fed hawkishness
Sterling dropped 0.40% against the dollar while the euro slipped, as the greenback held firm on hawkish Federal Reserve rhetoric and resilient U.S. labor-market data.
Richmond Fed President Barkin says economy may be firming, inflation not limited to energy and tariff shocks
Richmond Fed President Barkin said the economy may be firming while inflation remains broader than just energy and tariff shocks.
SMI leicht vorab höher, UBS-Kapitalvorschriften und Ölpreis im Fokus
Schweizer Aktienmärkte zeigen leichte Gewinne vor dem Handel, während die US-Börsen uneinheitlich schließen und Ölpreise weiter sinken.
Gold Rises on Stabilizing Oil, Fed Rate-Hike Fears Ease
Spot gold climbed 0.4% to $4,359.40 an ounce as oil prices steadied after a 9% four-session slide, easing expectations of further Federal Reserve tightening.
US stock futures edge up as Treasury yields, inflation data weigh on markets
Futures move slightly higher while investors brace for upcoming wholesale and consumer inflation reports.
US dollar holds near a two-month high amid rate hike prospects and Middle East diplomacy
The US dollar stays near a two‑month high as markets assess rate‑hike expectations and Middle East diplomatic activity.
ECB's Kazaks says case for more monetary tightening is building
The ECB policymaker signaled that conditions are shifting in favor of additional rate increases.
Blue Owl Credit Income raises $1.3bn, expands credit facility to $4.2bn
Blue Owl Credit Income Corp increased its senior secured revolving credit facility to $4.2bn, extended its maturity to 2031 and completed a $1bn notes offering, bringing total new financing to about $1.3bn.
Switzerland Drops in Global Retirement Ranking as Inflation Pressures Pensions
Switzerland falls to fourth place in the Natixis Global Retirement Index as rising inflation, state debt and aging populations squeeze pension systems worldwide.
US Bond Yields Fall as Oil Price Slide Eases Inflation Fears
Fifth straight session of declining crude prices bolstered demand for Treasuries, pulling the 10-year yield below 5% for the first time in a week.
Columbus McKinnon reprices $1.95 billion in debt facilities, cuts spreads
Industrial manufacturer reduces interest costs by 50 basis points on both its term loan and revolver, expecting at least $7.3 million in annual savings.
German growth outlook revised up to 1.3% for 2024, 1.1% for 2027
Leading German economic research institutes raised their GDP forecasts, citing infrastructure spending and reduced geopolitical risks as key drivers.
US-Märkte vor Eröffnung ohne klare Richtung: SMI gedämpft, UBS unter Druck
Schweizer Aktienindex leidet unter globaler Unsicherheit; UBS fällt unter Regulierungsfragen, während On-Aktien durch Wachstumsprognosen und Rückkaufprogramm unterstützt werden.
BBVA CEO highlights 22.2% ROTE and strong Mexico growth at BofA conference
BBVA reported a 22.2% first‑half return on tangible equity, 62% loan‑book expansion since 2021 and a surge in digital customers in Mexico, while warning of higher inflation and rates in Turkey.
Deutsche Bank forecasts two BoE rate hikes in November and February as inflation eases
The bank shifted from expecting no further increases to projecting two quarter‑point rises, citing the September MPC minutes that showed waning tolerance for elevated inflation and limited second‑round effects. It notes the moves would be insurance hikes, with rates still guided by energy prices and a Taylor Rule estimate just above 4%.
Euro area sovereign yields rise as French debt risk spikes
French OAT yields hit 4.5% and CDS spreads surge to 2020 highs, while German yields stay near 3.2% after the ECB lifted rates to 2.5%, raising concerns over euro‑zone fiscal health.
US equities retreat as Brent crude hits 107 USD, Fed focus intensifies
Wall Street declines further amid Brent crude’s 107 USD peak and inflation concerns, with tech and mining sectors hardest hit
Europäische Aktien unter Druck: Schwäche vor Fed-Zinsentscheidung und Energie-KI-Konflikt
Europäische Indizes verlieren weiter an Wert, getrieben durch Erwartungen an eine Fed-Zinserhöhung und steigende Energiepreise, während KI-Investitionen neue Kapazitätsengpässe erzeugen.
St. Louis Fed President Alberto Musalem says further rate hikes may be needed to quell inflation
St. Louis Fed President Alberto Musalem said additional rate hikes may be required to curb inflation driven by strong demand and a commodity price shock.
Pound Slips as Fed Rate-Hike Bets and UK Inflation Uptick Weigh
GBP/USD fell to 1.3474 as expectations for a Federal Reserve rate increase and a rise in British inflation tempered sterling's momentum against the dollar.
Dimon Says Hyperscaler AI Spending Could Reach $1 Trillion Next Year
JPMorgan Chase CEO Jamie Dimon said AI investment across the hyperscaler ecosystem may top $1 trillion in 2027, up from roughly $700 billion this year, while warning the surge could add to inflation.
EU Gas Prices Rally on Storage Deficit and ECB Inflation Pressure
Dutch TTF and British NBP contracts climbed as Europe's underground storage lags the five-year average by 16 percentage points and ECB rate hikes reinforce inflation dynamics.
Frankfurt Stocks Fall on ECB Rate Hike and Oil Surge
Germany's DAX declined 0.84% after the ECB raised its deposit rate to 2.5% and inflation forecasts, while Middle East tensions drove crude prices higher and weighed on industrial shares.
ECB's Panetta: AI gain distribution will shape inflation dynamics
Fabio Panetta warned that whether artificial intelligence boosts demand through new tasks or suppresses it via automation will determine the timing and magnitude of inflationary or disinflationary pressures.
Bitcoin rallies 44% in Q3 as regulatory tailwind spurs market optimism
Bitcoin’s price surged 44% in the third quarter, outperforming major indices and altcoins, amid regulatory progress and a break above key resistance.
Federal Reserve Raises Target Rate to 3.75%-4% With 25-Point Hike
The Federal Reserve increased its federal funds target range by 25 basis points to 3.75%-4%, according to the primary announcement dated Sept. 16.
U.S. Treasury Yields Cross 5% as Fed Raises Rates for First Time in Three Years
BlackRock sees AI-driven financing demands of nearly $8 trillion annually by 2030 and a structurally steeper yield curve lifting the cost of capital.
Schweizer Inflation steigt weiter – SGKB warnt vor Basiseffekten
Die Teuerung in der Schweiz beschleunigt sich, doch Experten betonen statistische Gründe und begrenzte Risiken für eine nachhaltige Erhöhung der Preise.
Weidmann Warns EU Against Over-Reliance on Large Banks
Jens Weidmann, former Bundesbank president and ECB board member, urged Europe to prioritize banks with sustainable business models over sheer size, amid concerns over debt and regulatory burdens.
Eurozone yields near decade highs amid Brent crude surge and ECB-Fed watch
U.S. Treasury yields hover just below 5% as Brent crude climbs 3% ahead of ECB and Fed rate decisions.
Euro Yields Hold Multi-Year Peaks as Crude Surges Ahead of Central Bank Decisions
German bunds stay near 13-year highs as Brent crude jumps to $112 a barrel on Middle East tensions, with Fed and ECB policymakers bracing for fresh inflationary pressure.
SNB Faces Rising Risk of Earlier Rate Hike Amid Rising Swiss Inflation
UBS and other economists now assess a higher likelihood of the Swiss National Bank raising rates sooner than previously expected, driven by inflation pressures and geopolitical risks.
Frankfurt Stocks Edge Higher Ahead of US Rate Decision
Germany's Dax rose 0.17% to 25,450 as investors awaited the Federal Reserve's rate decision Wednesday, with AI-themed shares leading gains.
Federal Reserve faces an upcoming interest rate decision and messaging challenge under Chairman Kevin Warsh
The Federal Reserve is preparing for an upcoming rate decision while confronting a messaging challenge under Chairman Kevin Warsh.
SMI opens higher with Galderma, Sandoz debuts amid KI chip demand
Swiss equity markets expected to start the week on a positive note, with the SMI index poised for gains as pharmaceutical firms Galderma and Sandoz make their debut. Meanwhile, oil prices retreated despite escalating tensions in the Middle East.
SMI drops 0.47%, oil above $100 weighs on global equities
Swiss benchmark closed lower as crude prices surpassed $100 a barrel for the first time since May, while ECB raised rates as expected and US producer prices came in hotter than forecast.
Daily International Economic & Financial Calendar: 21 September 2026
Key corporate and macro events include Unicredit EGM, Societe Generale capital markets day, Chicago Fed activity data, and Fed speaker Goolsbee.
US stock futures inch up ahead of expected Fed rate hike
Dow, S&P 500 and Nasdaq futures rose modestly as traders priced in a 25‑basis‑point Fed increase to 3.75‑4% on Wednesday, the first hike since 2023.
Dollar steadies near record highs amid Fed rate hike expectations
Asian currencies fluctuated on Tuesday, with the dollar holding steady near its highest levels in months ahead of the Federal Reserve’s policy decision.
Euro zone bond yields hold near multi-year peaks ahead of Fed rate decision
German Bund yields remain at their highest level since 2011, with short‑term Schatz rates near a three‑year high, as markets price a 92% chance of a 25‑basis‑point Federal Reserve hike. Brent crude stays above $113 a barrel, reinforcing inflation concerns that keep euro‑area debt yields elevated.
Euro Zone Yields Hold Near Multi-Year Peaks Ahead of Fed Decision
German bunds and schatz yields traded at levels unseen since 2011 and three years respectively as traders weighed a likely Fed rate hike and soaring Brent crude above $113.
Nomura forecasts two additional European Central Bank interest rate hikes for December and March
Nomura projects two further ECB rate hikes, one in December and another in March.
SMI opens higher; Fed rate-hike odds near 93% as traders wait for Wednesday decision
The Swiss benchmark rose 0.1% to 13,815.84 as ABB led gainers. Investors stayed cautious ahead of the Federal Reserve's rate decision, where a 25-bp hike is priced in at over 90%.
Bitcoin dips below $77,000 as US PPI surprise lifts bond yields
Bitcoin fell about 2% to under $77,000 after US producer‑price index rose 5.4% YoY, pushing the 30‑year Treasury yield to 5.353%, its highest since 2007. Oil prices also surged past $100 per barrel.
Upcoming US FOMC Meeting Prompts Market Views on Potential Rate Cuts and Target Ranges
Markets are watching an upcoming U.S. Federal Open Market Committee meeting for possible interest‑rate cuts and the associated target range.
Ermotti: US-Dollar bleibt kurzfristig stabil trotz US-Schuldenrisiko
UBS-Chef Sergio Ermotti betont Stabilität des US-Dollar und verweist auf Fed-Zinspolitik sowie globale Liquiditätsströme als treibende Faktoren.
Donald Trump says US should have world's lowest interest rate ahead of Fed meeting
Former President Donald Trump said the United States should hold the world's lowest interest rate as the Federal Reserve prepares for its next policy meeting.
US Futures Rise as Brent Surges Past $100 Ahead of Oracle, Adobe Earnings
Stock futures gained on Thursday even as Brent crude topped $100 a barrel and the 10-year Treasury yield hit its highest level since 2023, with Oracle and Adobe set to report.
ECB lifts key rate to 2.5% as Iran war fuels energy-driven inflation
The European Central Bank raised its deposit facility rate by 25 basis points to 2.5%, citing sustained inflation pressures from Middle East conflict and energy shocks that will keep prices well above target.
Pakistan imposes market curfew and fuel austerity as protests cost Rs120bn daily
Pakistan is closing markets at 9pm and tightening fuel-austerity rules as Finance Minister flags protests and sit-ins are inflicting around Rs120bn in daily economic losses.
EUR/USD drops 0.3% after ECB raises rates by 25 bps
The euro slipped against the dollar following the European Central Bank’s 25-basis-point hike in key rates, testing critical technical support levels amid persistent inflation pressures.
Wall St Futures Steady as Investors Weigh Earnings, Oil
U.S. stock futures showed little movement Thursday after a strong close, with Nvidia rising on its $12.9B Hugging Face deal and the S&P 500 near all-time highs ahead of Friday's jobs report.
SNB Rate Decision Leads Busy Week of Global Central Bank Announcements
The Swiss National Bank joins Norges Bank, the Riksbank, and Banxico on Thursday's slate of policy meetings, alongside Chinese LPR decisions, global flash PMIs, and a US-China summit.
Fed Meeting Sets Up Hawkish Trap for Warsh; Bitcoin Awaits Verdict
Markets have priced in a near-certain quarter-point rate hike and further tightening this year, leaving Fed Chair Kevin Warsh little room to disappoint without triggering a sharp rethink of the dollar and bond yields.
Bitcoin consolidates near $76,500 amid US stocks rebound after Fed rate hike
BTC rallied slightly as investors shifted into US equities following the Federal Reserve’s 25-basis-point rate hike, while macroeconomic uncertainty weighed on Bitcoin’s near-term outlook.
Angola's central bank cuts its key lending rate by 100 basis points as inflation falls to single digits
Angola's central bank reduced its key lending rate by 100 basis points after inflation moved into single‑digit territory.
US Markets Slip on Higher Producer Prices; Oil Tops $100
The Dow fell 0.3%, the S&P 500 lost 0.5% and the Nasdaq dropped 0.7% as unexpected US producer-price growth stoked inflation worries and pushed WTI crude above $100 a barrel for the first time since May.
SMI Expected Higher After Tuesday Loss; Markets Await Fed Rate Call
The Swiss Market Index opens in positive territory ahead of a widely expected 25-basis-point rate hike by the US Federal Reserve, while oil retreats and crypto stocks stumble on regulatory headlines.
ECB Raises Rates to 2.50% as Mideast Conflict Stokes Inflation Fears
The European Central Bank lifted its main deposit rate by 25 basis points and flagged persistent price pressures from the Iran war, lifting its inflation outlook for 2027 and 2028.
Kashkari Says Inflation Pressures Extend Beyond Oil Prices
Minneapolis Fed President Neel Kashkari argued that US price pressures run deeper than energy costs, even as crude prices eased and the central bank holds rates at 3.75%-4.00%.
Brent crude surges past $100 amid tanker attacks and supply fears
Oil prices rose sharply on Thursday, driven by escalating tensions in the Red Sea and broader supply concerns as Brent crude climbed above $100 per barrel.
U.S. Treasury yields climb ahead of upcoming CPI data release
U.S. Treasury yields are rising as the market awaits the upcoming CPI data release.
Growthpoint Reports FY2026 Payout Rise Amid Slowed Growth, Office Challenges Persist
Growthpoint Properties Limited raised its dividend payout ratio to 87.5% in FY2026 but saw slower growth in the second half of 2026, with office vacancies and funding costs weighing on its outlook.
Tariffs, Fuel Costs and Rising Rates Squeeze American Companies
A triple bind of Trump-era tariffs, soaring diesel and jet fuel, and the Fed's rate hikes is compressing margins across manufacturing, logistics and retail.
DAX seen modestly higher ahead of US rate decision
The X-Dax out-of-hours indicator pointed to a 0.4% gain at 25,497 points as markets await Wednesday's Fed rate call.
German equities fall after ECB raises interest rates
The DAX lost 0.7% to 25,407 points, marking its lowest point of the day, as markets reacted to the ECB's second rate hike of the year and revised inflation forecasts.
SMI leitet sich mit Logitech an – US-Märkte profitieren von Fed-Unabhängigkeit und sinkenden Ölpreisen
Der Swiss Market Index schloss mit einem Plus von 0,6 Prozent, während US-Börsen nach der Fed-Zinserhöhung und fallenden Rohstoffpreisen wieder aufholten.
ECB Raises Key Rates by 25 Basis Points to 2.5%
The European Central Bank delivered its expected quarter-point hike, citing resilient growth and persistent Middle East-driven inflation pressures.
US producer prices rise 0.4% in August, adding to Fed rate-hike pressure
August producer-price data came in hotter than expected, pushing 30-year Treasury yields to their highest since 2007 and lifting probability of a September rate hike to roughly 65%.
ECB raises deposit rate to 2.50% amid sticky inflation
The European Central Bank delivered a fourth quarter rate hike as expected, bringing the deposit rate to 2.50% against inflation still at 3.3% in the euro area.
US Initial Jobless Claims Fall Slightly to 206,000
US unemployment claims dipped 1,000 to 206,000 last week, staying near historic lows and reinforcing the case for a potential Fed rate hike next week.
Asian Markets and Oil Prices Pause Ahead of U.S. Fed Policy Decision
Bond yields, crude benchmarks, and major equity indices across Asia are consolidating as traders await the upcoming Federal Reserve policy decision.
UK Inflation Expected to Rise to 3.1% in August on Fuel and AI Pressure
British inflation is forecast to climb from 2.9% to 3.1%, driven by higher fuel costs and an "AI-flation" effect from chip shortages, while gilt yields hit a 2007 high.
EZB erhöht Leitzins auf Rekordhoch – Inflation bleibt über Zielwert
Die Europäische Zentralbank (EZB) hob den Einlagensatz auf 2,50 % an, nachdem die Inflation im Euroraum bei 3,3 % blieb und über dem Zielwert von 2,0 % lag.
Asian Currencies Slip as Dollar Strengthens, Yen Holds Near Seven‑Month High
The U.S. dollar gained against most Asian peers after August inflation data raised expectations of a Federal Reserve rate hike, while the Japanese yen remained close to its strongest level since February. Markets also priced in a potential Bank of Japan tightening as oil prices rose on Middle East supply concerns.
ECB raises key rates by 25 bps, deposit facility to 2.50%
The ECB Governing Council lifted its deposit, main refinancing and marginal lending rates by 25 basis points to 2.50%, 2.65% and 2.90% respectively, citing persistent inflation pressures from the Middle East conflict.
ECB Raises Key Interest Rate to 2.5%, Highest Since Early 2025
The European Central Bank hiked its deposit facility rate by a quarter-point to 2.50%, citing persistent inflation well above its 2% target amid Middle East conflict-driven energy costs.
Dollar strength, Fed hike push yen to one-week low
As the U.S. dollar index rose 0.4% to 99.89, Asian currencies showed mixed performance amid a hawkish Federal Reserve stance and elevated Treasury yields.
US jobless claims rise slightly amid stable but cautious labor market
Initial claims rose 2,000 to 206,000 in the latest week, while continuing claims climbed by 8,000 to 1.78 million, signaling persistent hiring caution.
Stournaras Warns ECB on Inflation Risks, Rates to Stay Cautious
ECB member cautions against hasty rate moves amid persistent inflation pressures and geopolitical risks.
Markets rally on Fed rate-hike bets, yen strength amid mixed signals
U.S. equities and bonds advanced on Thursday as investors weighed Federal Reserve commentary and a Bank of Japan rate decision, with the yen surging and crude prices fluctuating.
Markets Price 90% Chance of First Rate Hike Under Fed Chair Warsh
Financing-indicator odds sit near 90% for a 25-basis-point lift at Wednesday's FOMC meeting, pushing rates to 3.75%-4.00%. Inflation remains at 3.4%.
Bitcoin Falls Below $75,000 Amid Senate Regulation Setback, Rising Yields
Bitcoin shed up to 5% to trade around $75,600, its lowest since Aug. 21, as a failed US Senate crypto-regulation bill and 10-year Treasury yields hitting a 2007 high weighed on the market.
China holds benchmark lending rates for 16th straight month
The PBOC kept its one-year and five-year loan prime rates unchanged, reflecting narrow room for monetary easing amid U.S.-China policy divergence and weak credit demand.
Dollar Strengthens to Seven-Month High, Asian Currencies Come Under Pressure
The U.S. dollar index climbed to 99.39 as the 10-year yield briefly touched 5%, while crude oil's surge and rising Fed rate-hike expectations weighed on Asian currencies.
Trump Threatens Trade Cuts Over Fed Zinserhöhung
US President Donald Trump reiterated threats to impose trade restrictions on certain nations if the Federal Reserve fails to cut interest rates, amid a strong August jobs report and persistent inflation.
Gold rises to $4,328 as traders brace for Fed rate decision
Spot gold gained 0.8% to $4,328.39 as investors awaited the U.S. Federal Reserve's upcoming policy meeting, while oil prices eased.
US stock futures move lower as traders brace for upcoming inflation reports and elevated Treasury yields
US equity futures declined ahead of scheduled inflation data releases while Treasury yields remained elevated, according to market observations.
ECB Expected to Raise Key Interest Rate Amid Spiking Eurozone Inflation
The ECB is expected to raise its key interest rate as Eurozone inflation accelerates amid energy and geopolitical pressures.
Sep 16, 2026 Preview: Key Economic Data Releases and Corporate Events
The day features investor days for Salesforce and On Semiconductor, alongside a slate of UK, Italian and euro‑area inflation and activity data, US retail sales, trade prices, housing indicators and a Federal Reserve policy decision, plus legal and banking‑sector events in France and Germany.
SMI higher ahead; Fed wait, oil dip weigh on Wall Street
The Swiss Market Index opens 0.3% higher as traders position ahead of the US Federal Reserve's rate decision. Oil retreats after a sharp Tuesday rally.
Goldman Sachs now expects Fed to raise rates by 25 bps in September
The revision follows stronger-than-expected US producer price data and oil price rises above $100 per barrel, raising expectations of further monetary tightening.
Gold Holds Firm Near $4,386 as Fed Rate Hike Fails to Weigh on Safe-Haven Demand
Spot gold rises nearly 1% this week despite a 25-basis-point Federal Reserve rate increase, as investor demand remains resilient against elevated Treasury yields and traditional macro headwinds.
Eurozone stocks rebound from lows as weak payrolls temper rate bets
European indices recovered from one-month lows amid mixed economic data, with producer prices surging and U.S. payrolls falling short of expectations.
UBS Outlines Holdings to Favor and Avoid as Fed Rate Hike Looms
Wealth manager UBS has identified investments to own and steer clear of as expectations for a Federal Reserve interest-rate increase build.
Euro Zone Yields Hold Near Multi-Year Peaks Ahead of ECB Decision
German bund yields hovered near multi-year highs as energy-driven inflation pressured the ECB, while surging U.S. PPI data pushed Treasuries higher and reshaped rate-hike expectations.
Oil Near $100 Tests Private Credit Borrowers Stressed by High Debt Costs
Leveraged private credit borrowers face mounting pressure as oil approaches $100 amid concerns that inflation could once again push interest rates higher.
Eurozone yields near record highs ahead of ECB rate decision
German Bunds and U.S. Treasuries both hit multi-year peaks as inflation data and Fed policy expectations shape market expectations.
Frankfurt Stock Exchange Opens with Stability Amid EZB Zinsentscheidung
German equities recover from prior losses amid Brent crude stabilization, with markets awaiting the ECB’s policy decision and outlook on interest rates.
U.S. Stocks Fall on Higher Yields, Awaiting PPI and CPI Data
U.S. stock futures tick up after Wall Street falls on higher yields; PPI and CPI data awaited. 10-year Treasury yield rises to 4.961%.
Global central banks drive coordinated credit tightening amid inflation pressures
The Fed, ECB, Bank of England and Bank of Japan move in parallel as Middle East conflicts fuel energy-price inflation, with markets pricing nearly four more quarter-point hikes over the coming year.
Ahead of the upcoming Federal Reserve meeting, Donald Trump says US should have world's lowest interest rate
Former President Donald Trump said the United States should maintain the lowest interest rate globally ahead of the Federal Reserve's next meeting.
US Federal Reserve raises benchmark interest rate by a quarter point to 3.75%-4.00%
The Federal Reserve increased its benchmark interest rate by 0.25 percentage point, setting the range at 3.75% to 4.00%.
UK flight disruptions clear; Primark to offer home delivery
Flight schedules in the UK are expected to return to normal after a technical issue caused over 2,000 cancellations. Primark's parent company plans to spin off the retailer and introduce home delivery services.
Trump tariffs and Iran war pressure Fed toward first rate hike since 2023
Higher oil prices, new tariffs on Canada and ongoing Iran conflict have shifted market expectations to multiple Fed hikes, putting new chair Kevin Warsh’s credibility on the line.
European Central Bank raises interest rates in prior week's monetary policy decision
The European Central Bank announced an interest rate increase in its latest monetary policy decision.
Fed Survey Shows Modest Growth, Moderate Price Gains Across Districts
The Federal Reserve's latest Beige Book found economic activity rose modestly and prices increased at a moderate pace, with energy costs and tariff concerns weighing on sentiment ahead of the September policy meeting.
Frankfurt stocks expected steady as ECB decision looms
German equities open with modest gains as oil stabilizes, but ECB rate decision and forward guidance will set the day's direction for DAX and EuroStoxx 50.
European stocks recover on bond market calm ahead of ECB rate hikes
European equities advanced on Thursday after bond yields eased, reversing three straight sessions of declines as central bank expectations shifted toward further tightening in mid-2027.
Major European Central Banks Prepare for Policy Meetings Amid Diverging Rate Outlooks
European central banks are gearing up for upcoming policy meetings as inflation and interest rate expectations across the region continue to diverge.
Central banks face tricky calls as energy prices complicate inflation outlook
The ECB expects a September rate hike, but Fed policymakers are split on further moves, while the SNB sees room to hold steady.
Fed Turns Hawkish After August CPI Shows Sticky Inflation
Headline inflation held at 3.4% and core CPI remained at 2.4% in August, prompting the Federal Reserve to adopt a firmer stance and drive repricing across US rates and dollar markets.
UBS forecasts gold up to $5,400 by Sep 2027, sees near-term volatility
UBS projects gold reaching $5,400 per ounce by September 2027, citing the Fed's latest rate hike, elevated real yields and continued central‑bank buying as key drivers.
Gold Prices Stabilize After Sharp Rise Tied to Fed Rate Decision
Gold settles into a steady range after a sharp advance following the Federal Reserve's interest rate decision, as precious metals respond to recent US monetary policy moves.
Gold Holds Steady Near $4,346 Ahead of Fed Decision on Rate Hike
Spot gold trades at $4,346.46 an ounce as markets price in a 92% chance of the Federal Reserve's first rate hike since 2023, while the 10-year Treasury yield hits a 2007 high.
Daily Global Financial Calendar: Sept. 10 — ECB Rate Call Tops Busy Data Day
The ECB's interest-rate decision leads a crowded schedule that includes US wholesale trade, factory-gate prices, jobless claims, and major corporate earnings from Adobe and Macy's.
US stocks open higher; SMI extends gains as Fed decision calms markets
Wall Street leads gainers after the Fed raised rates 25 basis points. The SMI climbs, tech stocks surge pre-market, and UBS capital-rule debate is deferred.
European equities slide to multi-week lows amid yield pressures and Fed hawkishness
German and French indices hit record lows as U.S. Treasury yields rise to multi-year highs, pressuring risk assets.
SMI und US-Märkte unter Druck: Inflation, Zinsen und Nahost-Konflikt belasten Aktien
Der Schweizer Leitindex SMI und US-Aktienmärkte erleben am Donnerstag weitere Verluste, getrieben durch Sorgen um Inflation, Zinspolitik und geopolitische Spannungen.
Fed Hawkish Policy, Strong Macro Data Spark Global Fixed-Income and FX Repricing
A Federal Reserve policy decision alongside August core CPI of 0.3% month-over-month and retail sales rising 1.2% month-over-month drove global fixed-income and foreign-exchange repricing.
ECB, Fed, SNB Face Divergent Rate Paths as Energy Prices Complicate Outlook
Central banks navigate diverging inflation pressures and growth signals ahead of key September meetings in Frankfurt, Washington, and Bern.
Asian currencies steady as risk-off tone weighs, yen holds near highs
U.S. dollar rose on hotter-than-expected PPI data, pushing Fed September-rate-hike odds to 73%. The yen stayed near recent highs even as oil topped $100.
Trump Urges Fed to Cut Rates to Lowest in World Ahead of FOMC Meeting
President Donald Trump escalated pressure on the Federal Reserve, calling for the lowest interest rates globally ahead of the September 15–16 FOMC decision, amid rising expectations of a 0.25 percentage-point hike.
US 10-Year Treasury Yield Approaches 5% on Oil, Rate Hike Fears
The benchmark US 10-year Treasury yield nears the psychologically significant 5% level as elevated oil prices and growing concerns over potential Federal Reserve rate hikes weigh on markets.
Crypto Bills, AI Slowdowns, and Blockstream Refuses Hacker Ransom
The CLARITY Act heads toward a key Senate cloture vote amid ethics fights, while Anthropic and rivals call for an AI development slowdown over autonomous agent risks.
Ahead of the upcoming Federal Reserve meeting, Trump states that the US should have the world's lowest interest rates.
Former President Donald Trump said the United States should aim for the world's lowest interest rates ahead of the Federal Reserve's upcoming meeting.
Gold, silver extend rebounds as Fed hawks signal more rate hikes
Precious metals climb toward key resistance levels after the Federal Reserve's 25-basis-point increase, while oil and Treasury yields ease amid Strait of Hormuz tensions.
Frankfurt stocks extend rally on Fed rate hike and lower oil
DAX climbs 1% to 25,800 as Fed's first rate increase since 2023 calms markets and Brent crude continues to fall.
USA Compression raises $600M via 6.75% senior notes
Private placement at par secures funds for debt repayment and operational expenses, maturing in 2035
Bank of Canada holds 2.25% rate amid inflation risks, trade uncertainty
The central bank left its key overnight rate unchanged at 2.25% while weighing economic recovery against inflation pressures tied to oil prices and U.S. tariffs.
US Stocks Poised for Gain as Fed Lift, Softer Oil Ease Inflation Fears
Dow and Nasdaq futures point higher after the Federal Reserve's first rate increase in three years, while softer oil and easing inflation anxiety bolster sentiment.
US Stocks Retreat as Oil Tops $100 Ahead of Inflation Data
Wall Street gave up gains as crude prices crossed the $100 mark and Treasury yields climbed, with investors bracing for coming inflation figures.
FedWatch shows 25 bps hike in September still priced in
Market pricing suggests a 25 basis-point rate hike remains a key possibility for September, reflecting evolving inflation expectations.
ECB faces expectations of rate hike amid fresh inflation fears from Iran war
The European Central Bank is expected to raise rates as fresh inflation concerns linked to the Iran war affect the Eurozone.
AI-Picked Tech and Energy Strategies Extend Leads After 25-Basis-Point Fed Hike
Two robo-strategy portfolios built around AI-selected stocks have posted triple-digit returns since late 2023, outpacing the S&P 500 despite the Federal Reserve raising rates by 25 basis points.
US Jobless Claims Fall to 196,000, Defying Expectations
Initial unemployment claims dropped by 10,000 to 196,000 last week, well below the 207,000 economists projected, underscoring a resilient U.S. labor market that complicates the Fed's rate trajectory.
Trump Says US Should Have World's Lowest Interest Rate Ahead of Fed Meeting
The president stated his view that the United States should hold the lowest interest rate globally, just before a Federal Reserve policy meeting.
Aquila-CIO Marchesi: Bond Market Biggest Worry Amid Oil, AI and US Debt Pressures
The Aquila chief investment officer says the bond market poses the greatest risk as US refinancing costs surge, while AI capex cycles face scrutiny over circular financing.
Goldman Reiterates $5,400 Gold Forecast for End of 2027 Despite Fed Hikes
Goldman Sachs trimmed its year-end fair-value estimate to $4,650 an ounce but maintained a $5,400 target for late 2027, citing central bank buying as the primary driver of projected gains.
Bitcoin holds $78K amid Fed hike, Clarity Act setback as Q3 rally persists
Bitcoin’s September performance defies historical sell-offs, with a 1.5% drop contrasting a 32% Q3 gain—despite Fed rate hikes, oil spikes and regulatory setbacks.
SMI in Red, 8 of 20 Blue Chips Gain; Nestlé Loses After Russia Report; Gold Rises
Swiss stock market closes lower after a positive week; gold prices increase amid rising interest rates; Nestlé shares fall after Russia business report.
BoE Rate Hold Signals GBP/EUR Outlook Amid ECB Tightening
UBS forecasts EUR/GBP to dip toward 0.84 by year-end 2026 as BoE’s mixed vote signals potential future hikes, while ECB’s rate hikes and UK’s yield premium shape carry trade dynamics.
BoE Rate Hold Sparks EUR/GBP Forecasts to Fall Below 0.85
UBS projects the euro-to-pound exchange rate to dip to 0.84 by year-end, driven by BoE rate hikes and ECB tightening
Citi projects EUR/JPY below ¥175 in early 2027 despite short‑term rebound risk
Citi sees a near‑term recovery to around ¥183 per euro, a base case of ¥181 in December, and expects the pair to fall under ¥175 in the first half of next year as Japanese real rates rise.
Eurozone yields drop as Fed hike eases duration pressures
German Bund yields fell for the first time in six weeks as post-Fed rate action calmed investor concerns over long-duration assets.
Barclays projects BoE rate hikes in November, February amid inflation concerns
Bank of England holds rates at 3.75% as MPC votes 6-3 to pause, but Barclays forecasts further hikes in November and February 2027, citing inflation risks from energy prices and geopolitical tensions.
German Dax Opens Lower on Big Expiry Day as Oil Eases, Tech Stocks Mixed
The Dax slipped 0.4% to 25,621 points at the Frankfurt open, though it remains marginally up 0.1% for the week. Tech shares showed divergent moves, with Infineon and Siltronic gaining on analyst upgrades while Deutsche Telekom fell after a negative Orange rating.
Euro Zone Bond Yields Retreat From Weekly Spikes as Post-Fed Relief Takes Hold
German 10-year bund yields anchored near 3.49% after Tuesday's sell-off, while the Fed, BoE and BOJ delivered rates moves that steadied fixed-income desks across Europe.
Swiss SMI Mixed as Russia-Related Risks and Fed Zinserhöhung Weigh
The Swiss equity market closed mixed Friday amid geopolitical tensions, Fed rate hike expectations, and sector-specific developments. Nestlé faced losses tied to Russia-related regulatory changes, while Sandoz and Leonteq gained from new partnerships and institutional investments.
U.S. Jobless Claims Drop, BOE Holds Rates Amid Central Bank Divergence
Weekly initial jobless claims fell to 196,000 while the Bank of England kept borrowing costs at 3.75%, contrasting with the Fed's recent 25-basis-point hike that lifted stocks.
Japan raises rates to 31-year high; UK retail sales beat forecasts
The Bank of Japan hiked its target rate to 1.25%, joining a global tightening wave, while British retail sales rose unexpectedly in the summer.
ECB's Vujčić Says Central Banks Remain Cautious on AI's Productivity Impact
ECB Vice-President Boris Vujčić says persistent higher prices could erode purchasing power and food inflation may peak at 3.4% in Q3 2027, while noting uncertain AI productivity outlook.
Japan's Central Bank Raises Key Rate to 31-Year High
The Bank of Japan lifted its benchmark rate by 25 basis points to 1.25%, marking the highest level since 1995, in its second hike this year.
US dollar hits two-week high as surging oil prices lift Treasury yields and Fed rate hike expectations
The US dollar reached a two‑week high as oil price gains lifted Treasury yields and heightened expectations of a Federal Reserve rate hike.
Dollar Rises as Middle East Conflict Pushes Oil Higher and Fed Hike Looms
The U.S. dollar gained across the board Monday, buoyed by surging oil prices from Middle East fighting and nearly 90% odds of a Federal Reserve rate hike.
Wall Street Falls on Surging Oil Prices and Fed Rate-Hike Fears
Dow dropped 1.18% and Brent crude neared $99.32 as Middle East tensions and inflation readings ahead kept pressure on equities.
European Central Bank widely expected to hike interest rates amid surging oil prices and ongoing U.S.-Iran conflict
The ECB is anticipated to raise rates as oil prices climb and the U.S.-Iran situation persists.
Fed Rate Hike Raises Stakes in Inflation Fight as Markets Price More Moves
The US central bank raised rates for the first time since 2023, and traders now expect three additional hikes by mid-next year as inflation remains entrenched above the 2% target.
Nuveen California Dividend Advantage Municipal Fund hits 52‑week low at $11.20
Shares of the municipal fund fell to $11.20, its 52‑week low, while the fund maintains a 7.33% dividend yield and 28 years of uninterrupted payouts.
Fed raises rates; AI-picked stocks post double-digit gains
After the Federal Reserve delivered its first rate hike since 2023, several AI-selected equities continued climbing—led by Delek US Energy up 111% and Everforth up 84% since selection.
Bearish sentiment on emerging Asian currencies deepens as oil surges amid Middle East tensions and higher US yields
Emerging Asian currencies face growing bearish pressure as oil prices rise on Middle East geopolitical tensions and US Treasury yields increase.
SMI Gains as Fed Rate Hike Brings Relief; UBS Decision Deferred
Swiss shares post modest gains after the US Federal Reserve raised rates by 25 basis points as expected. UBS capital-rule debate resumes next week.
Bitcoin Rallies After Fed Hike, but History Suggests Caution
Cryptos surged on the Federal Reserve's first rate increase since 2023, defying the usual headwind from higher yields. But a 2022 pattern and weak ETF flows temper optimism.
Bank of England holds rate at 3.75% as inflation stays above target
The Monetary Policy Committee voted 6-3 to keep the Bank Rate unchanged, citing persistent price pressures and a possible rise to 4.00% in November.
US nonfarm payrolls rise 162,000, putting Fed rate decision on upcoming inflation data
Nonfarm payrolls increased by 162,000, making the Federal Reserve’s next rate move contingent on forthcoming inflation numbers.
Eurozone Stocks Drop as Brent Crude Surpasses $100
Oil price rises and geopolitical tensions weigh on European markets amid expectations of ECB rate hikes.
Rates Pose Limited Threat to AI-Driven Tech Rally, Bank of America Says
Analysts argue that substantial macroeconomic headwinds would be needed to derail the artificial intelligence‑driven equity rally, citing historical resilience despite rising long‑term bond yields.
Treasury Plans $6 Billion in Debt Repurchases to Battle Rising Yields
The Treasury announced a $6 billion debt repurchase program, after which bond yields rose, indicating investors were underwhelmed by the purchase size.
Bank of England Holds Interest Rate Steady at 3.75%
The Bank of England kept its benchmark interest rate unchanged at 3.75% on Thursday, matching economist expectations and leaving rates level for the rest of the year.
BlackRock Corporate High Yield Fund Drops to 52-Week Low
The high-yield corporate bond fund HYT fell to $8.22, reflecting pressure on credit investments as economic uncertainty and interest-rate shifts weigh on yields.
Crypto rallies on Fed’s rate-hike forecast, but ETF outflows persist
Bitcoin and altcoins advanced as the Federal Reserve signaled only one more hike in 2026–27, though spot ETF outflows and funding pressures remain concerns.
European Stocks Edged Higher as Oil Prices Continued to Slide
EuroStoxx 50 gained 0.58% to 6,302.86 as falling crude supported equities, while the Fed's latest rate hike drew mixed reactions from analysts.
Swiss Market Index holds gains amid Fed hike, UBS gains amid Ständerat vote
The SMI advances modestly as the Swiss market reacts to the Fed’s 25 bps rate hike and UBS’ capital rules vote, while Roche and Rieter face profit-taking pressures.
Gold rebounds above $4,300 as dollar eases after Fed rate hike
Gold rose 1.1% to $4,311/oz following the Fed's first rate increase in three years, while officials signaled the hiking cycle may not be over.
Fed Raises Rates; Chairman Warsh Leaves Open How Much More
Federal Reserve Chairman Kevin M. Warsh said on Wednesday that the extent of future rate increases to combat inflation remains undecided.
Gold Rises 1.5% to $4,327/Oz, Recovers Post-Fed Rate Hike Losses
Gold climbed to roughly $4,327 an ounce in London Thursday morning, erasing most losses from Wednesday's US rate decision as Treasury yields retreated from post-hike peaks.
U.S. 10-year Treasury yield eases in the afterglow of Fed hike
The yield on the U.S. 10-year Treasury note declined after the Federal Reserve's latest interest‑rate increase.
Pound Holds Steady as Dollar Rally Pauses Ahead of BoE Decision
Sterling barely moved as GBP/USD held at 1.3381, with markets awaiting the Bank of England's rate decision and assessing the Federal Reserve's latest hawkish signal.
Bitcoin Tests 2022 Parallel as Fed Resumes Rate Hikes
The Federal Reserve delivered its first increase in over three years, lifting rates to 3.75%-4%. Bitcoin, down roughly 40% from its October high, mirrors its position before the 2022 tightening cycle began.
Pound holds steady as dollar rally stalls ahead of BoE decision
USD strength stalls amid mixed expectations for BoE’s monetary policy stance and Fed’s rate hike
ECB and Fed rate hikes prompt global policymakers to reassess policy trajectories
ECB and Federal Reserve rate increases are leading policymakers worldwide to review their policy paths.
U.S. 10-Year Treasury Yield Retreats Below 5% After Fed Rate Hike
The 10-year yield fell past the 5% threshold to 4.96% as markets digested a 25-basis-point Federal Reserve rate increase to 3.75%-4%.
U.S. Federal Reserve raises rates, signals further tightening, boosts dollar
The Federal Reserve announced an interest rate increase and indicated possible additional tightening, contributing to a stronger U.S. dollar.
US stock futures rise after hawkish Fed rate decision dents Wall Street
S&P, Nasdaq and Dow futures extended gains into overnight trading after the Federal Reserve delivered its first rate hike in three years with a hawkish tone.
FTSE 100 Rises as Fed Hike Lifts Mood Ahead of BoE Decision
UK stocks gained ground Wednesday on the back of a 25-basis-point Federal Reserve rate increase, with investors looking ahead to Thursday's Bank of England policy meeting.
Swiss Market Index rises; Roche downgraded, Rieter hit by UBS rating cut
Swiss equities mixed as SMI gains, but Roche and Rieter face downgrades; oil prices dip amid geopolitical uncertainty and Fed rate hike expectations.
German equities expected to rise after Fed rate hike
Investors may turn to German stocks after the Federal Reserve's expected rate increase, with the X-Dax signaling a 0.4% rise ahead of trading. However, Bilfinger and Wacker face challenges due to market conditions.
Bank of England likely to keep rates at 3.75% and trim bond‑selling pace
The BoE is expected to hold its policy rate at 3.75% and reduce quantitative tightening to about £50bn a year, down from £70bn, amid rising inflation and a weakening labour market.
SMI set for higher open; oil eases; Fed lifts rates again
Swiss markets brace for a firmer start as oil retreats from four-month highs, the Fed delivers its first hike in over three years, and AI-focused semiconductor names remain in demand despite broader US equity weakness.
Federal Reserve raises rates and hints at more hikes
The U.S. Federal Reserve announced an interest rate increase and indicated the possibility of additional hikes.
Bank of England Expected to Hold Rates Steady Despite Rising Inflation
The BoE is widely expected to keep rates unchanged on Thursday even as UK inflation climbs to 3.1%, diverging from the Fed and ECB which both hiked earlier this week.
Putin Faces Economic Stress Test as Russia Holds First Wartime Duma Election
Russia's State Duma vote on Sept. 18–20 tests public patience amid a shrinking economy, tax hikes, and fuel crisis, even as United Russia is expected to retain its supermajority.
U.S. Federal Reserve hiking interest rates again, sparking global tightening cycle concerns
The U.S. Federal Reserve has raised interest rates again, prompting concerns about a renewed global tightening cycle.
Market Schedule: ECB Meeting, US Housing Data Lead Sept 17
UK rate decision, eurozone consumer prices, and US building permits anchor a busy data day alongside corporate capital-market events from DHL, Bechtle and Wacker Chemie.
Swiss Economic Calendar: SNB Policy Readings, Corporate Earnings Key This Week
Switzerland's economic and corporate calendar features SNB assessments, major results, and strategy launches across banking, real estate and industrials.
Goldman Sachs forecasts Fed to raise rates in October
Goldman Sachs now expects the Federal Reserve to lift its benchmark rate by 25 basis points in October, reversing an earlier September outlook.
US-Märkte eröffnen mit Ölpreisen und Zinssorgen im Fokus
Ölpreise über 100 USD/Barrel und Inflationsängste drücken den Dow Jones und S&P 500 um jeweils 0,8 % und 0,4 %, während Luxusgüterkonzern Richemont im Angebot bleibt.
Dow Jones und S&P 500 sinken unter Druck von Ölpreisanstieg, Nasdaq profitiert von Meta-KI-Ankündigung
US-Aktienmärkte zeigen Schwäche, während Ölpreise und Fed-Erwartungen die Stimmung belasten – Meta-KI-Start treibt Tech-Aktien an.
Bitcoin Holds Near $76,600 as Fed Raises Rates, Eyeing Further Tightening
Bitcoin absorbed the Fed's 25-basis-point rate hike with little movement, but analysts warn resilience may be tested if officials follow through on expectations of additional increases.
Federal Reserve Raises Interest Rates, Signals More Tightening Ahead
The US central bank moved rates higher and indicated additional tightening could follow as US prices accelerate.
Federal Reserve releases Beige Book with quarterly US economic snapshots
The Federal Reserve publishes its Beige Book eight times annually, summarizing anecdotal economic conditions across all 12 districts via director reports and expert interviews.
Morgan Stanley sees ECB 25 bps hike to 2.75% in Dec 2026
Morgan Stanley now expects the European Central Bank to raise its deposit rate by 25 basis points to 2.75% in December 2026, sees no hike in October and forecasts a single cut in December 2027 as inflation stays above target.
Bessent Defends Bond Market Intervention Ahead of Congressional Testimony
The Treasury secretary addressed bond market intervention efforts and proposed $5,000 dividends for Americans if Republicans take control in November.
Dollar strength, oil surge push Treasury yields to 2007 highs ahead of Fed hike
U.S. currency climbs as oil prices near four-month peaks and Fed rate-hike expectations rise, while euro falls to one-month lows amid geopolitical tensions.
US stocks slip ahead of Fed decision as oil prices rise
The Dow Jones, S&P 500 and Nasdaq 100 declined on Tuesday amid higher oil prices and ahead of the Federal Reserve's expected 0.25 percentage point rate increase, while Bitcoin and related equities fell.
Stablecoin Growth Could Reinforce Dollar Dominance, Boost Treasury Demand: BoE
A Bank of England official warned that the expanding market for dollar-pegged stablecoins could deepen global dollar reliance and tighten demand for US government debt.
US Stock Futures Eye Fed Decision as Yields and Oil Prices Rise
US equity futures and markets are focused on the upcoming Federal Reserve policy decision amid rising Treasury yields and climbing oil prices.
Eurozone Stocks End Slightly Down Amid Fed Decision Prep
European markets closed with modest losses on the eve of the Federal Reserve’s rate decision, despite rising oil prices.
Bitcoin slides to $75,560, September low as global bond yields hit multidecade highs
Bitcoin fell to $75,560, its lowest level this month, as US 10‑year Treasury yields rose above 5% and other major bond yields reached multidecade peaks. The dip came ahead of a Senate vote on the CLARITY Act.
BoE MPC Faces Energy Inflation Risk as September Rate Decision Looms
Market expectations lean toward a hold at 3.75%, but three members signal potential for a 25 bps hike amid Middle East tensions and rising energy costs.
SMI closes down 0.5% amid Fed hawkishness, oil price rises
Swiss market leaders UBS and Partners Group fell sharply; Swisscom and ABB outperformed. US indices declined as Fed rate hike expectations weighed on risk appetite.
Dow Jones, Nasdaq 100 Expected to Decline as Rising Oil Prices Weigh
US stock markets anticipate further declines amid rising oil prices, fueling inflation concerns and raising interest rate expectations. Oil prices surge amid renewed attacks in the Persian Gulf, with Brent crude exceeding $100 per barrel for the first time since July.
Wall Street dips ahead of Fed rate decision; bond yields breach 5%
U.S. indexes fell in cautious trading on Tuesday as investors await Wednesday's Federal Reserve rate decision, while 10-year Treasury yields surpassed 5% amid Middle East-driven inflation concerns.
US stocks open lower; BlackRock maintains overweight on equities
Wall Street starts in the red ahead of a likely Fed rate hike. BlackRock sees corporate earnings providing a buffer against higher borrowing costs and oil above $100 a barrel.
US Stocks Fall Ahead of Fed Rate Decision
Wall Street opened lower on Tuesday as investors adopted a cautious stance one day ahead of the Federal Reserve's interest rate decision under new chair Kevin Warsh.
European Stocks Slide as Bond Yields Surge and Energy Inflation Fears Mount
STOXX 600 fell 0.2% to 645.94 as German 10-year yields hit their highest since April 2011 and Brent crude stayed above $94 a barrel amid escalating US-Iran tensions.
Fed watchdog urges tighter controls on information sharing with regional bank boards
The Federal Reserve's inspector general warned that board members at regional reserve banks may have access to confidential FOMC information through informal briefings, calling for stronger safeguards.
Fed Rate-Hike Odds Jump Past 50% After Warsh Jackson Hole Speech
Market pricing shifted sharply after Federal Reserve Chairman Kevin Warsh's keynote, with CME FedWatch showing a nearly 56% chance of a quarter-point increase at the September 16 meeting.
US markets open lower; SMI falls 1.2% with UBS leading declines
The SMI dropped 1.22% to 13,708.71 as oil prices near $108 and the 10-year Treasury yield hit 5.041% weighed on equities. UBS led losers in Switzerland.
UBS's Kunkel sees broadening rally, warns of three key risks
The UBS global family and institutional wealth CIO anticipates widening equity gains driven by earnings, while flagging oil shocks, AI monetisation doubts and fiscal pressures as top threats.
US Stocks Slip Ahead of Fed Rate Decision
Dow Jones and Nasdaq 100 dip pre-market as investors brace for Wednesday's Fed rate meeting under new chair Kevin Warsh, while Chinese steel curbs lift Steel Dynamics 4.5%.
Pound eases, dollar steadies ahead of CPI and ECB moves
GBP/USD slips to 1.3534 as traders position ahead of U.S. inflation data and an expected ECB dovish rate hike next week.
Canadian dollar slips as oil prices surge, rate worries rise ahead of Fed decision
The loonie fell to C$1.3929 per U.S. dollar as Brent crude topped $107 a barrel, pushing U.S. 10-year yields above 5% and stoking expectations of higher U.S. rates.
Oil, Inflation and Interest Rates: The Connection Traders Should Understand
Oil is usually associated with petrol stations, transportation and energy companies.
Fed September Rate Decision Approaches Amid Split Market Pricing
Markets show divided expectations as the US Federal Reserve prepares to announce its September 2026 rate decision alongside pending inflation data.
Citi Sees Limited EUR/USD Gains Despite Hawkish ECB Hike Outlook
A fully priced 25-basis-point ECB rate increase is unlikely to move the euro, even as risks skew hawkish and further hikes are already discounted through mid-2027.
Markets Price Near-Certain Rate Hike Ahead of Wednesday's FOMC Meeting
Futures traders see a 93% chance of a 25-basis-point increase as August core CPI eases only slightly and oil surges, testing the Fed's credibility.
US 10-year yield forecast to hit 24-year high of 5.2% by year-end
Standard Bank's Steven Barrow sees the 10-year US Treasury yield reaching 5.2% by year-end and 5.3% in Q1 2027, after it rose to 5.01% on Monday.
European Gas Prices Hit 2023 Highs Amid Iran-Saudi Tensions
Geopolitical tensions in the Persian Gulf and constrained storage levels push front-month gas prices to record levels in Europe and Great Britain.
Swiss shares fall as SMI slips below 14,000; DocMorris jumps on bond
SMI trades below 14,000 after weak US cues and high energy prices; Novartis lag after downgrade, luxury names fall, DocMorris rises on 100m CHF convertible.
NVIDIA Stock Drops 2.8% Amid AI Hardware Sell-Off, but Supply Chain Remains Unaffected
Analysts dismiss concerns over Anthropic CEO Dario Amodei’s essay as overstated, citing no hardware slowdowns or production disruptions in the AI chip sector.
UK Mortgage Rates Expected to Rise as Bond Sell-Off Pushes Swaps to 3-Year High
UK five-year swap rates climbed above 4.52%, their highest since October 2023, as a global bond sell-off driven by oil prices and inflation fears threatens to raise borrowing costs for mortgagors.
Asian currencies rise as yen steadies near seven‑month high, dollar slips
The yen rallied 4% in September, touching 152.89 per dollar, while the U.S. dollar index edged up to 98.83 and the euro rose to $1.1629.
Gold Reclaims $4,400 as Dollar Eases, Fed Pressure Lifts
Spot gold added 1% to $4,399.14 an ounce on Wednesday, buoyed by a weaker dollar and fading immediate probability of a September rate hike. Brent crude topped $100 for the first time since May.
Citi Sees BoE Rate Hikes After Rate-Cut Cycle, Revises Inflation Up
Citi Research warns the Bank of England could resume raising rates in November 2026 and February 2027, revising its inflation outlook higher as Middle East tensions push energy prices up.
US Futures Slip; SMI Tumbles 1.3% on Oil, Rates, Bank Woes
The SMI fell 1.3%, with UBS leading declines as Powell's 5.041% yield and Brent crude near $108 weigh on stocks.
Global stocks fall on energy shock fears and rising yields
Equity markets worldwide face selling pressure as investors react to surging global bond yields and growing concerns about a potential energy disruption.
Morgan Stanley turns hawkish, sees two Fed hikes and an ECB move
Morgan Stanley has shifted to a more hawkish stance, forecasting two upcoming Federal Reserve rate hikes and a move by the European Central Bank.
DAX slips 0.4% as oil, AI worries and weak bank shares pressure Frankfurt
German equities fell Tuesday as elevated oil prices, lingering AI concerns and downgrades weighed on banks and chemicals ahead of the Fed's decision.
European Gas Prices Ease from 2023 Highs amid Shipping Risks
Storage levels remain low, while geopolitical disruptions and crude oil gains add pressure to gas markets.
German Stocks Fall, DAX Hits 7-Week Low on Oil and Rate Worries
The DAX dropped 0.7% to 25,260 as persistently high oil prices and AI-sector anxieties weighed on European equities. Fed decision looms.
German Bund Yields Edge Lower as ECB Hike Path Weighs on Sovereign Debt
Traders price in three more ECB rate increases through early 2027 after last week's 25-basis-point hike, pressuring European sovereign debt even as Germany's 10-year Bund eased from multi-decade highs.
Pound Falls on Disappointing UK Jobs Data as Dollar Gains Strength
Sterling dropped after UK private-sector payrolls fell 34,000 in August, while the dollar index approached 100 ahead of Wednesday's Federal Reserve decision.
Partners Group Stock Hits Lowest Level Since 2018 on Redemption Pressure and Short-Seller Attacks
Private-equity manager Partners Group fell to around 621 CHF on Tuesday, the lowest level since early 2019, weighed down by fund redemption requests, Grizzly short-seller criticism, and rising interest rates.
US-10Y Treasury yields hit 19-year high on inflation, oil fears
Rates rose past 5% threshold as markets price in potential Fed rate hikes and inflation risks from rising oil prices.
U.S. Stock Futures Flat as Fed Rate-Hike Bets Clash With AI Slowdown Fears
Wall Street held steady ahead of Wednesday's Fed meeting despite a 5% tumble in semiconductors on slowing-AI concerns, while markets price in a 25-basis-point rate hike.
UK firms shed jobs as wage growth slows to 3.9%
Payrolled employee numbers fell 26,000 in August, while total pay growth eased to a near six-year low. State pension set to rise 3.9% under triple lock.
DAX expected to hold after weak start as oil and Fed decision draw focus
The X-Dax points to a flat DAX open at 25,454 after Monday's 0.5% decline, while elevated oil prices and a likely Fed tightening decision shape the session.
Macro calendar: ZEW, ADP, Empire State among key data releases Monday
The German ZEW survey, UK jobs data, French consumer prices, and US ADP and Empire State manufacturing reports round out the Monday schedule.
Inditex to Report H1 Results; Apple Holds Product Event on Sept. 9
Inditex releases half-year figures and Apple hosts a product launch, while central banks in Hungary and Poland announce rate decisions alongside U.S. ADP job data.
Dow Futures Slide as Nvidia, Micron, Sandisk Drop on AI Concerns
Dow Jones futures fell Monday as Nvidia, Micron and Sandisk tumbled on an artificial-intelligence warning, with a widely expected Federal Reserve rate hike looming later that week.
Chip Stocks Fall as Oil Gains, Treasury Yields Stay Elevated
U.S. stocks dropped Monday as crude hit $109 a barrel and the 10-year Treasury neared 5%, while tech and semiconductors sold off on AI-safety concerns.
Palo Alto Networks shares fall after weak outlook offsets earnings beat
Cybersecurity maker missed on guiding a sequential revenue drop for Q1 despite reporting Q4 results that topped consensus estimates.
SMI fällt weiter, US-Märkte unter Zins- und Ölpreisdruck
Asiatische KI-Aktien dominieren, während globale Risiken und Zinserwartungen die Stimmung dämpfen
Loonie Holds Near 12-Day Low as Oil Support Fails to Offset Dollar Strength
The Canadian dollar traded near C$1.392 against the U.S. dollar Monday, pressured by rising Fed rate-hike odds and a firmer greenback despite Brent crude topping $108.
US Treasury par yield curve rates updated for January and February 2026
The Treasury's Daily Treasury Par Yield Curve rates for 2026 show 10-year yields from 4.15% to 4.30% and 30-year yields from 4.79% to 4.91% across January and February.
Gold Slips as Oil Rally Fuels Rate Hike Bets Ahead of Fed Meeting
A continuing energy rally is intensifying expectations for a Federal Reserve rate hike, weighing on gold prices.
KeyCorp Maintains Full-Year Guidance on NII, Margin, Loan Growth
KeyCorp CFO said the bank expects 9%–11% NII growth, 3%–3.05% core NIM in 2026, and 4.5%–5% overall loan growth, with investment banking fee guidance raised.
Fed set for two‑day policy rate decision as markets anticipate hike after inflation data and Warsh speech
The Federal Reserve will hold a two‑day policy rate meeting, with markets expecting a rate increase following hot inflation reports and Chairman Kevin Warsh’s Jackson Hole remarks.
Bitcoin climbs above $79,000 as oil prices dip on Trump’s Iran war comments
Bitcoin rose about 3% to breach $79,000 while WTI crude fell below $100 as President Trump hinted the Iran conflict could end, pushing Fed‑rate‑hike odds above 90%.
Treasury Chief Bessent Backs Using U.S. Financial Power as Foreign Policy Tool
Scott Bessent says the U.S. balance sheet should build allies in the Western hemisphere, citing Argentina and a rare yen intervention — even as Treasury efforts fail to curb long-term borrowing costs.
Bessent Faces Pressure as Treasury Yields Approach 5%
Yields surged nearly 19 basis points this week, pressing Secretary Bessent to deploy larger bond buybacks as the Fed prepares for a quarter-point rate hike.
U.S. inflation data remains pivotal for upcoming Federal Reserve rate decisions after surprise hiring jump
U.S. inflation data is viewed as pivotal for upcoming Federal Reserve rate decisions after a surprise jump in hiring.
Yen strengthens as BOJ hawkish signals lift government bond yields
USD/JPY fell to 157.6 on fresh rate-hike expectations from the Bank of Japan, while the 10-year JGB yield hit 3% and U.S.-Japan officials agreed to coordinate on currency stability.
Fed Rate-Hike Odds Rise to 59% Ahead of August CPI
August CPI data due Friday could decide whether the Fed hikes on Sept. 16, after strong jobs data lifted 25bp move odds to 59% from about 50%.
Upstart sees core-loan surge as macro stress climbs at Goldman Sachs conference
CEO Paul Gu highlighted accelerating personal-loan growth and a conditional bank charter, even as a rising macro index signals 50% higher default risk versus pre-pandemic.
Japanese Yen Jumps on Fed Rate Hike Expectations, BOJ Policy Shift
The yen strengthened sharply against the dollar amid rising expectations of a Bank of Japan rate hike and coordinated U.S.-Japan efforts to manage exchange-rate volatility.
Fed rate decision focus on inflation after employment reports
The Federal Reserve's upcoming rate decision is expected to be guided by inflation data following recent employment reports.
US Treasury Yields Dip Before Key Inflation Data and FOMC Meeting
US Treasury yields fell slightly as investors position ahead of August consumer inflation data releases and an upcoming Federal Open Market Committee meeting.
Swiss pension funds: full reserves linked to higher credited interest
PPCMetrics data show Swiss pension funds with full volatility reserves posted a 5.00% median credited interest, versus 3.25% for funds with partial reserves.
Trump Says U.S. Should Have World's Lowest Interest Rate Ahead of Fed Meeting
The U.S. president made the comments days before the Federal Reserve convenes its latest policy meeting.
Nuveen Municipal High Income Opportunity Fund Hits 52-Week Low at $9.77
The Nuveen Municipal High Income Opportunity Fund closed at a 52-week low of $9.77, continuing pressure from rate volatility in the municipal bond market.
Novartis plunges as oil and rate worries push US and Swiss stocks lower
Novartis fell more than 9% after a phase-III miss, dragging the SMI lower as US stocks slipped on rising oil prices and rate-hike expectations.
HSBC raises 2026 S&P 500 year‑end target to 8,100
HSBC lifted its year‑end 2026 forecast for the S&P 500 to 8,100 from 7,650, citing 33% earnings growth, a 22.5‑times P/E multiple and AI‑driven strength in technology, financials and industrials.
UK pays record 5.82% on 30-year bond
Britain sold £4.25bn of 30-year bonds at 5.8168%, the highest comparable yield since 1998, as inflation and oil-price concerns raised long-term borrowing costs.
EUR/USD Trades in Narrow Range Ahead of ECB and Fed Rate Decisions
The pair held between 1.1590 and 1.1650 as investors price a 25‑basis‑point ECB increase to 2.50% and assess whether the bank will signal the end of its tightening cycle; Fed hike odds rose to roughly 58% after a stronger‑than‑expected US payrolls report.
US Stocks Expected to Open Mixed After Holiday; Oil Prices Pressuring Sentiment; SMI Continues Decline; Novartis Targets Record Daily Loss
US stock indices show slight movements before market open; oil prices rise, fueling concerns over rising interest rates; Swiss Market Index (SMI) continues to fall; Novartis shares plunge, potentially setting a record daily loss.
White House pressures Fed on rate decisions amid Wall Street hike expectations
The White House is applying pressure on the Federal Reserve as Wall Street prices in expectations for interest rate hikes.
Citi expects BOJ rate hike to 1.25%; political votes and Fed key to yen
Citi Research expects the BOJ to lift its policy rate to 1.25%, while USD/JPY near 154.52 and the Fed's next decision could determine near-term yen direction.
Citi Sees BOJ Raising Policy Rate to 1.25%, Cites Political Alignments and Fed Path
Citi Research projects the Bank of Japan will lift its key rate to 1.25%, with the Federal Reserve’s stance and appointments by Prime Minister Sanae Takaichi shaping the path forward.
U.S. Bond Yields Approach 5% Milestone as Debt Tops $40 Trillion
The 10-year Treasury yield nears 5% for the first time in nearly two decades, while U.S. government debt surpasses $40 trillion and real rates climb to fresh highs.
Marktvolatilität vorerst gebremst, aber Risiken für September und Oktober steigen
Finanzmärkte zeigen nach ruhigem August Anzeichen von Spannungen durch Zinsentscheidungen, US-Wahlen und geopolitische Faktoren.
USD/JPY Breaks Below 155 as Yen Strengthens on Policy Shift Fears
The dollar-yen pair fell below 155 on September 7 after two failed breakdowns, driven by U.S. pressure on Tokyo, a hawkish BOJ pivot, and speculation over pension-fund capital repatriation.
Pound slips to $1.3523 as yen rally fuels dollar uncertainty
Sterling fell 0.12% to $1.3523 amid a yen‑driven rally in the dollar, while euro and yen pairs also weakened and markets priced modest Fed tightening.
Euro yields rise as crude nears $100 and ECB hike looms
European bond yields climbed as Brent crude approached $98 and an ECB rate hike loomed, while U.S. Treasuries firmed ahead of Fed and CPI data.
Euro yields rise as Brent nears $100 and ECB rate hike looms
Euro yields climbed on Tuesday as US Treasury yields hit multi‑year highs and Brent crude approached the $100 a barrel mark, sharpening expectations of an ECB rate increase.
EUR/USD holds near 1.1627 ahead of ECB rate decision
EUR/USD traded around 1.1627 after US payrolls beat forecasts; markets price a 25‑basis‑point ECB hike to 2.50% on Sep 10, with guidance likely to set the euro’s next move.
GBP/USD climbs as UK finance minister pledges fiscal discipline
Sterling gains against the dollar as Finance Minister John Healey stresses fiscal discipline, while the pair trades in a rising technical channel ahead of U.S. inflation data.
US Stocks Post Weekly Losses on Rising Oil, Bond Yields
Wall Street stumbled to weekly losses as surging oil prices and bond yields fueled concerns about inflation and Federal Reserve policy.
Bank of Canada holds key rate at 2.25% as tariffs and oil prices cloud outlook
The central bank kept its overnight rate at 2.25% and warned that new U.S. tariffs and volatile oil prices increase inflation risks despite a strong Q2 rebound.
Yen strengthens as USD weakens amid BoJ hike odds, U.S. payrolls
Japanese yen surged to a seven-month high against the dollar amid rising expectations of a Bank of Japan rate hike, while U.S. nonfarm payrolls exceeded forecasts, dampening dollar demand.
Speculators Turn Bullish on Yen for First Time Since February
CFTC data shows net non-commercial yen longs surged past 10,000 contracts, reversing a nine-week stretch of shorts as the currency strengthened to 152.89 versus the dollar.
Citi Flags Five Market Worries Investors Should Watch
Citi strategists maintain a long-risk stance while outlining five key threats: a hawkish Fed, rising bond yields, Japan carry unwind, oil disruption, and European gas pricing.
Yen Speculators Turn Net Long for First Time Since February
CFTC data show non-commercial yen futures positions swung to 10,796 net long contracts, reversing a 92,227-contract net short stance as the yen strengthened.
US stocks post weekly losses as oil and bond yields fuel inflation concerns
Rising oil prices and bond yields weighed on US equities this week amid inflation fears and uncertainty around Fed policy.
Yen Gains Ground as BOJ Rate-Hike Bets Intensify Ahead of September Meeting
The dollar slipped below 153 against the yen as markets price in a near-certain Bank of Japan rate lift, buoyed by upgraded growth data and rising real wages.
Yen extends gains as BOJ rate-hike odds intensify
USD/JPY hits lowest level since February on rising expectations for a Bank of Japan September tightening; real wages up 2.4% and GDP revised higher.
U.S. stocks fall as jobs data lifts Fed hike odds and Brent tops $99
Dow futures slipped after August payrolls beat expectations and Middle East strikes pushed Brent crude above $99, boosting September Fed rate-hike odds to about 60%.
Robust US payrolls data reinforces rate‑hike expectations, prompting gold to ease while markets await inflation prints
Strong US jobs numbers have bolstered expectations of further Federal Reserve rate hikes, pushing gold lower as investors await upcoming inflation data.
Robust US payrolls data reinforces expectations for higher rates, impacting gold ahead of inflation data
Strong US payrolls data has heightened expectations for higher interest rates, influencing gold as the market awaits upcoming US inflation figures.
US stocks fall after hot jobs report
US equities declined after a stronger‑than‑expected employment report raised expectations for Federal Reserve rate moves.
ECB Widely Expected to Raise Interest Rates Ahead of Thursday Decision
Markets broadly anticipate the European Central Bank will implement another interest rate hike at its upcoming policy meeting.
UBS forecasts two US Federal Reserve rate hikes in 2026 following a strong jobs report
UBS forecasts two US Federal Reserve rate hikes in 2026 after a strong jobs report.
Bitcoin fund flows show investors trading Fed rate path, not exiting market
CoinShares says crypto fund outflows after a Fed speech reversed as rate-hike odds shifted, showing investors trading the rate path rather than exiting Bitcoin.
UBS expects Fed to lift rates twice by end-2026
UBS analysts expect quarter-point Fed hikes in September and December 2026, but say the forecast is not high conviction and depends on CPI and labor data.
Bitcoin Falls Below $80,000 as Low Liquidity Erases Weekend Gains
BTC drops nearly 2% ahead of US inflation data, with traders awaiting key macro catalyst amid thin Labor Day holiday markets.
Swiss SMI Edges Higher as Novartis Lifts Market Despite Broader Caution
The Swiss market index closed slightly firmer on Tuesday, buoyed by Novartis gains, though most blue chips fell as inflation and rising bond yields weighed on sentiment.
European Central Bank (ECB) is set to hike interest rates on Thursday
The European Central Bank plans to raise interest rates on Thursday, according to the latest information.
Fed's Warsh says inflation is top focus, lifting September hike odds
Warsh told Jackson Hole that prices remain too high and the Fed may need to tighten if underlying inflation does not clearly move toward 2%.
Bank of England Governor Warns AI Could Trigger Global Financial Downturn
Andrew Bailey told G20 finance ministers that frontier AI poses cyber-risk and amplifies leverage concerns, urging international safeguards on model deployment.
Bond Sell-Off Deepens as US-Iran Tensions Fuel Inflation Fears
UK 10-year gilt yields surge to their highest since mid-2008 as renewed Middle East fighting pushes oil toward $95 and raises the cost of sovereign borrowing worldwide.
Bitcoin rebounds toward $80,000 after CPI data lifts Fed rate-hike odds
BTC/USD recovered to $79,000 after August core CPI rose 0.3% month-on-month, while 30-year yields spiked and CME FedWatch odds of a September hike reached 85%.
Lagarde defends ECB rate hike as euro area inflation hits 3.3%
The ECB president said the rate increase is needed to contain inflation, which is 3.3% in the euro area, citing a longer-lasting energy shock and warning about AI valuations.
Why Is the Swiss Franc So Strong — and What Does It Mean for Switzerland?
The Swiss franc has a reputation that extends far beyond the borders of Switzerland.
ECB raises key rates by 25 basis points as inflation risks remain elevated
The ECB lifted its three key rates by 25 basis points, citing Middle East conflict-driven energy inflation. Staff projections keep inflation above target until 2027 while growth is revised up.
US August jobs beat forecasts, unemployment steady at 4.1%; oil explorer stocks slide on Argentina sanctions threat
Nonfarm payrolls rose by 162,000 in August, far above the 56,000 estimate, while the unemployment rate held at 4.1%. Shares of Falklands oil firms fell after Argentina warned of sanctions.
US Dollar Stalls Amid Inflation Risks and Narrowing Yield Gap
The dollar index hovered near its lowest level since last May as food and energy price pressures rise and the yield spread with Japanese bonds narrows, limiting upside from high Treasury yields.
US Jobs Report Preview: Potential Impact on Fed Rate Decision
Investing.com analysts expect the August NFP to show 55K jobs, 0.3% earnings growth and 4.1% unemployment, with leading indicators pointing to 75‑125K jobs, influencing a roughly 60% chance of a Fed hike.
USD/JPY weekly outlook: CPI, payrolls shape Fed hike odds after sharp slide
USD/JPY posted its biggest weekly loss since July amid dovish Fed comments and suspected BOJ intervention; strong August payrolls revived September hike bets, with CPI and PPI set to guide the pair.
U.S. 10-year Treasury yield spikes to 4.823% after strong August payrolls
The 10-year yield rose to 4.823% after the Labor Department reported 162,000 jobs in August, far above expectations, while Fed officials signaled a possible pause in rate hikes.
Canadian dollar slides as job losses surprise and US payrolls surge
The loonie fell to around 1.3862 per US dollar, down 0.5% on the day, after Canada posted a 41,700‑job loss in August while US payrolls added 162,000 jobs.
Dollar firms on strong US jobs data as yen posts best week since July
US non‑farm payrolls added 162,000 jobs, boosting the dollar index to 99.18 and 2‑year yields to 4.38%, while the yen rose to a one‑month high of 155.30.
European bond yields rise as ECB hike odds climb, oil prices surge
Bund yields near 3.36% as markets price a 25‑basis‑point ECB hike; Eurozone inflation hits 3.3% and oil benchmarks break $90 a barrel.
Yen jumps 1.1% to six‑month high as traders price BOJ rate hike
The yen rose to its strongest level since Feb. 23, 2026, gaining 1.1% against the dollar while the dollar index fell to 98.92. Markets also saw gains in the euro and South Korean won amid broader currency moves.
US payrolls surprise pushes Bitcoin below $80,000
August nonfarm payrolls rose by 162,000, far above the 56,000 forecast, prompting Bitcoin to fall from $81,300 to $78,600 before edging back to $79,500.
Yen spikes to one-month high as Japan intervenes and rate hike talk intensifies
The yen rose to 155.30 per dollar, its strongest level since early August, after Japan spent a record 15 trillion yen on market support, while the dollar index slipped and central banks signal tighter policy.
U.S. 10-year Treasury yield jumps to 4.823% after strong payrolls
The 10‑year yield rose from 4.746% to 4.823% following an August nonfarm payrolls report that added 162,000 jobs, reviving expectations of a September Fed rate hike.
Sterling rises as soft dollar outweighs UK gilt concerns
The pound climbed to $1.3545 after dovish Fed Governor comments, while euro gains were modest and UK gilt jitters lingered.
Canadian dollar slides as job losses surprise and US payrolls beat expectations
The loonie fell to around 1.3862 USD/CAD, down 0.5%, after Canada shed 41,700 jobs in August while the U.S. added 162,000, bolstering the greenback.
European bond yields rise, ending two‑day rally ahead of ECB meeting
German 10‑year Bund yields nudged up to around 3.36% as markets priced in a 25‑bp ECB rate hike, while euro‑zone inflation hit 3.3% in August and oil prices stayed above $90 a barrel.
Japanese yen rises 3% in two days, but rebound may be short‑lived
The yen gained about 3% against the dollar, closing at 156.25, while markets price over a 50% chance of two 25‑bp BoJ hikes this year; analysts cite limited intervention and a longer‑term outlook.
Yen jumps 1.1% to six‑month high as BOJ rate‑hike bets lift currency
The yen rose 1.1% against the dollar, its strongest level since Feb. 23, after Tokyo spent a record 15.4 trillion yen supporting the currency and markets priced a 25‑bp BOJ hike.
Trump Threatens to Halt Trade With Deficit Nations Unless Fed Cuts Rates
President Donald Trump said he could stop trade with countries where the U.S. runs a deficit if the central bank does not lower rates.
DAX slips below 26,000 points as rate outlook and oil prices tighten
The German benchmark index fell 0.37% to 25,951, breaking the 26,000 level amid ECB rate‑hike expectations, US inflation data and Brent crude trading above $97.
US 30‑Year Mortgage Rate Hits 14‑Month High, Dampening Housing Demand
The average rate on a 30‑year fixed mortgage rose to 6.71% from 6.66% last week, the highest level since July 2025, while pending home sales slipped 0.2% in August, the first YoY decline since November 2025.
Gold faces pressure from inflation worries and rising yields, analysis says
Investing.com analysis notes that higher oil prices, Treasury yields and a hot CPI could push gold below $4,310, with $4,100 and $4,000 as next support levels.
Trump pushes Fed for rate cut, Turkey warns of risks
Analysis links President Trump's demand for lower Federal Reserve rates to Turkey's costly rate‑cut episode, highlighting potential credibility risks for U.S. monetary policy.
Gold's structural bid persists despite near‑term rates headwind
Investing.com analysis says sovereign and institutional demand keeps a $4,000/oz support level alive even as strong US payrolls lift yields and the dollar.
Pound nudges up as dollar stays soft on Fed rate‑cut bets
GBP/USD rose 0.14% to 1.3535 while the dollar index is expected to hover between 99.00 and 99.50; markets price a 58% chance of a 25‑bp Fed cut on Sep 16 and await U.S. CPI data.
No, Friday's jobs report hasn't materially boosted Fed rate hike odds
BTC fell on Friday and Treasury yields rose, while Fed rate hike odds stayed largely steady.
Bitcoin drops 2.2% to $79,800 as Fed hike odds rise
Bitcoin fell to $79,802, ending a three‑week winning streak, while traders lifted the probability of a September rate hike to about 58% after a strong jobs report and stubborn inflation.
Citi's 'Warsh Shadow Rate' gauges Fed hike risk ahead of September meeting
Citi research has built a 'Warsh Shadow Rate' using indicators from former Fed Chair Kevin Warsh's Jackson Hole remarks. The metric, near historic highs, signals a potential September rate hike and could pressure Treasury yields.
Europe's sovereign yields diverge as France and Germany face higher deficits
Ten‑year bond yields in France and Germany are nearing 2007 highs, while Spain and Italy remain below 2023 peaks, reflecting differing fiscal outlooks across the euro area.
Warsh shadow rate gauges Fed stance, Citi says
Citi Research's Warsh shadow rate, built from Kevin Warsh's Jackson Hole remarks, tracks core inflation, money supply and jobless claims to anticipate 2‑year Treasury yields and Fed moves.
JPMorgan projects ECB third rate hike to 2.75% in December
JPMorgan forecasts a third ECB rate increase in December to 2.75%, a near‑certain second hike to 2.5% next week, and a policy pause through 2027, with cuts unlikely before 2028.
Gold targets $4,590‑$4,641 decision zone as recovery gains momentum
Gold trades near $4,527, above the daily VC PMI mean, with the analysis flagging a $4,590‑$4,593 resistance cluster as a key decision area and support near $4,458.
Why the Canadian Dollar’s One‑Week High Signals More Than a Temporary Bounce
The loonie’s modest rise on BoC’s inflation warning reflects a deeper policy divergence and commodity backdrop that could reshape its medium‑term trajectory.
Gold Futures Rise 2.5% as Rate-Hike Odds Slip, Analysis Warns of CPI Risk
Gold futures jumped to $4,526.20, driven by lower September‑rate‑hike odds, while the analysis notes the metal now behaves like a short‑duration rate instrument and could face pressure if August CPI comes in hot.
Swiss SMI edges up 0.2% as Logitech and Roche lead gains, Richemont and Nestlé fall
The Swiss Market Index closed at 14,394 points, up 0.22%, driven by Logitech (+3.3%) and Roche (+2.1%). Luxury stocks lagged, while US software shares surged on Snowflake’s outlook.
UK Debt Management Office to auction £5bn of 4⅝% Treasury Gilt 2030 on Sep 10
The UK DMO will sell £5bn of 4⅝% Treasury Gilt 2030 in a one‑hour auction on Sep 10, with settlement on Sep 11 and a post‑auction option for up to 25% additional allocation.
Canary Wharf Finance II drops Fitch rating coverage for mortgage debentures
Canary Wharf Finance II plc has ended its relationship with Fitch Ratings for seven classes of first mortgage debentures, including fixed‑rate notes due 2033 and 2037, while retaining coverage from S&P and Moody's.
Bank of England’s Pill warns higher rates may be needed to curb inflation
Chief Economist Huw Pill signals a prompt rate hike could pre-empt persistent inflation risks, as markets price a 15% chance of a move this month and over 70% by November.
Canada 10-year yield falls as global bonds rebound
Canadian government bond yields eased after a broad recovery in global debt markets, with the 10-year yield slipping below 3.8% amid shifting rate expectations.
Canadian dollar strengthens to one-week high on Bank of Canada signals
Loonie gains 0.2% as BoC warns of rising inflation risks, while oil prices and policy divergence support the currency. Analysts see modest near-term weakness before rebound.
Dollar faces resistance at 100 as NFP looms, yields ease
The U.S. dollar index remains capped near 100 despite recent attempts to break higher, with Friday’s jobs report seen as a potential catalyst. Technical levels and Treasury yields are key to determining the next move.
Japan's top currency diplomat flags alert over yen gains
Japan's Vice-Minister of Finance warns of heightened vigilance as the yen extends gains, citing unease over recent market moves and interest rate speculation.
ECB seen raising rates once more in September before pausing: poll
Economists in a Reuters survey expect the European Central Bank to hike its deposit rate to 2.50% next week, marking its second increase in a brief tightening cycle. No further moves are anticipated through mid-2025.
USD/JPY slides as yen strengthens amid rate expectations and oil rises
The dollar fell to a two-month low against the yen as rate-hike bets firmed and oil prices pushed higher. Middle East tensions and U.S. jobs data loom.
Sweden's Riksbank flags uncertain inflation risks despite growth pickup
Sweden’s central bank governor says inflation pressures remain unclear even as GDP data points to a stabilizing recovery. The Riksbank will assess incoming data to guide policy decisions.
Putin says Russia’s budget deficit remains manageable despite 40% rise
Russian president cites low debt levels as justification for deficit expansion to 2.8% of GDP in January-July, despite war-related spending pressures.
HSBC lifts U.S. Treasury yield forecasts on shifting Fed expectations
Bank raises two-year and ten-year yield projections for 2026 and 2027, citing rising odds of a September rate hike and persistent fiscal deficits.
U.S. labor data, yen surge and oil steadiness in focus
Markets await Friday's jobs report as yen strengthens on intervention bets and oil prices stabilize after natural gas surges. Broadcom shares slip on cautious outlook despite earnings beat.
Global bond rout deepens on oil surge, fiscal fears
Yields hit multi-decade highs as crude nears $95, debt concerns mount in Europe and Japan amid Middle East tensions. Traders price 70% odds of a Fed hike.
U.S. services sector activity rises to 55.4 in August as demand strengthens
ISM Non-Manufacturing PMI climbs to highest since February 2023, led by new orders surge; Fed rate hike odds rise ahead of September meeting.
Fed's Waller signals September rate pause if inflation cools further
Federal Reserve Governor Christopher Waller said the central bank could hold rates steady in September if disinflation continues, while market odds of a hike have swung. Treasury yields and inflation expectations adjust.
Fed's Waller signals openness to holding rates steady if inflation cools
Federal Reserve Governor Christopher Waller said he would support keeping interest rates unchanged at the September meeting if inflation data continues to trend toward the 2% target. Traders now price a roughly 50% chance of a hike.
Wall Street opens higher as Fed’s Waller signals rate patience
U.S. stocks rise after Federal Reserve governor signals openness to steady rates this month amid easing inflation pressures. Dow leads gains with 0.47% advance.
White House urges Federal Reserve to cut interest rates, Vance says
Vice President JD Vance states administration seeks lower borrowing costs, citing supportive inflation data. Comments come as markets assess Fed policy outlook.
Fed’s Waller signals September rate pause if disinflation continues
Federal Reserve Governor Christopher Waller said a September rate hike remains possible but is not guaranteed, as policymakers await fresh inflation data. Treasury yields and equities reacted to his remarks.
Senegal transfers funds for 2048 bond coupon amid IMF deal
Government initiates payment for century-long dollar bond as IMF approves $2.2 billion loan package. Bond prices rise on announcement.
Citi initiates short position on USD/CAD at 1.3854, targets 1.35
The U.S. bank has taken a bearish stance on the U.S. dollar against the Canadian dollar, citing disinflation in the U.S. and hawkish signals from the Bank of Canada. The trade includes a stop-loss at 1.3990.
Poland’s central bank seen holding rates through 2026
Monetary Policy Council member signals benchmark rate of 3.75% will remain unchanged at least through year-end, with no cuts expected in 2025. Inflation rose to 3.4% in August.
HSBC raises U.S. Treasury yield forecasts on hawkish Fed shift
Bank lifts 2-year and 10-year yield projections for 2026-27, citing rising odds of a September rate hike and risks to the Fed’s dual mandate. Curve seen steepening amid fiscal deficits.
Barclays urges caution in September as risk-off stance advised
Strategists cite seasonal weakness, softer data and geopolitical risks while maintaining medium-term equity optimism. Oil near $91 amid U.S.-Iran tensions.
Swiss inflation hits two-year high, SNB rate hike odds rise
August CPI surge to 0.8% exceeds forecasts, lifting expectations for a potential Swiss National Bank rate increase by late 2027. Energy prices drive the jump while core inflation remains subdued.
Malaysia holds benchmark rate at 2.75% as growth remains strong
Central bank cites resilient economy and stable inflation as reasons for maintaining policy rate unchanged. Survey of 31 economists showed broad consensus on decision.
Barclays urges risk reduction in September amid seasonal, macro pressures
Strategist Emmanuel Cau cites September’s historically weak seasonality, slowing U.S. momentum and oil-market risks as reasons to trim beta and add tactical hedges, while keeping a constructive medium-term equity view.
Global bond rout pauses as European, Aussie yields retreat from peaks
German and Australian 10-year yields fall from multi-year highs after a week of aggressive selling, while U.S. labor data tempers rate-hike bets ahead of ECB meeting.
Global bond sell-off pauses as European, Australian yields retreat
European and Australian government bond yields fell on Thursday, halting a global sell-off amid mixed U.S. labor data and ahead of key economic reports.
European and Aussie bond yields retreat from multi-year highs
Germany and France saw two- and 10-year yields ease after seven-session climb; Australia’s 10-year yield slips from 15-year peak. U.S. private payrolls miss forecasts.
Gold steadies below $4,600 ahead of Fed’s Warsh speech at Jackson Hole
The metal’s 16% August rebound faces its first major test as traders await Friday’s Jackson Hole address by new Fed Chair Kevin Warsh. Market reaction to Wednesday’s sticky inflation data underscores the thin line between further gains and a reversal.
Canadian dollar hits nine-day low as trade tensions and Fed outlook weigh
Loonie falls 0.3% to C$1.3900 per U.S. dollar amid escalating Canada-U.S. trade disputes and hawkish remarks from Federal Reserve Chair Kevin Warsh.
Rising Rates Are Turning CFD Financing Into a Hidden Tax on Retail Traders
Central‑bank rate hikes are inflating overnight CFD financing costs, eroding returns for retail investors and prompting a rethink of long‑term positions.
ECB’s Vujčić highlights role of household expectations in monetary policy
Vice-President cites ECB’s Consumer Expectations Survey as critical tool for tracking inflation perceptions, spending plans and policy transmission amid geopolitical uncertainty.
EUR/USD consolidates near 1.1650 as ECB signals September hike
Pair holds above key support after failing to sustain gains above 1.1700; ECB minutes reinforce rate-hike expectations despite hawkish divergence with Fed.
Gold slumps 5.25% on week as yields surge past 4.8%, breaking key supports
Non-yielding metal falls to lowest since Aug. 19 as 10-year Treasury yield hits 4.81%, erasing year-to-date gains; Fed hike odds jump to 70% by Wednesday.
Broadcom shares fall 3% after weak guidance, AI revenue debate
Quarterly revenue outlook of $34.8 billion missed expectations, while fiscal 2027 AI revenue forecasts diverged sharply. Broader market slipped as Treasury yields rose on hawkish Fed signals.
JPMorgan strategist links bond yield rise to AI-driven productivity gains
AI investment surge boosts corporate borrowing and long-term yields, JPMorgan's U.S. head of investment strategy says. Semiconductor sector correction masks underlying growth potential.
Boston Fed's Collins flags 'mixed' U.S. inflation readings at Jackson Hole
Boston Federal Reserve President Susan Collins says July PCE data shows uneven price pressures, with some signs of easing but lingering risks. Fed policy remains data-dependent as officials assess disinflation progress.
U.S. stocks fall as Fed chair reaffirms inflation fight stance
S&P 500 and Nasdaq decline after Federal Reserve Chair Kevin Warsh signals no near-term shift in policy, raising September rate hike odds. PayPal drops 12.7% on acquisition deal collapse.
Boston Fed's Collins flags mixed inflation, keeps rate hike option open
U.S. inflation data showed divergent trends in July, with headline PCE rising 3.7% while core pressures eased toward the Fed's 2% target. Boston Fed President Susan Collins said policy remains data-dependent amid rising Treasury yields.
Michigan sentiment, Jackson Hole to headline Friday's data docket
Consumer confidence and the annual Fed symposium in Wyoming headline a busy Friday for U.S. economic data and policy signals.
Fed’s Hammack sees inflation easing slowly, rate hike still likely
Federal Reserve Bank of Cleveland President Beth Hammack forecasts U.S. inflation at around 3% by year-end, with limited progress toward the 2% target in 2025. She signals a rate hike remains on the table to address price pressures.
Brazil DI rates pare after jobs data but curve rises on hawkish Fed tone
Short-term Brazilian interbank deposit rates slipped after July job creation undershot forecasts, but the curve steepened as Fed Chair Kevin Warsh signaled a hawkish stance at Jackson Hole.
ECB faces dilemma as rate hike risks fueling market turmoil
A 25-basis-point hike expected next week tests the ECB's balancing act between persistent inflation and financial stability amid rising bond yields and debt concerns.
AI-driven borrowing fuels bond market optimism, JPMorgan says
Rising long-term yields may reflect expectations of AI productivity gains rather than inflation concerns, as AI-related debt issuance surges to $220 billion. JPMorgan Private Bank favors shorter-duration credit amid hawkish rate pricing.
Rising Treasury yields raise risks for U.S. stocks as earnings season fades
The 10-year Treasury yield has climbed over 80 basis points since March to 4.79%, testing equity valuations as the S&P 500 nears its August record. Analysts warn of mounting downside risks.
Warsh’s Jackson Hole speech to scrutinize Trump-era inflation legacy
Former Fed chief Kevin Warsh’s upcoming Jackson Hole remarks may reframe the debate over U.S. inflation under President Donald Trump, as markets weigh policy credibility and election-year pressures.
Dollar rises to R$5.20 after hawkish Fed remarks on U.S. inflation
Brazil’s real weakened 0.62% versus the dollar on Friday after Federal Reserve Chair Kevin Warsh signaled a more aggressive stance on inflation, while local jobs data underperformed expectations.
Nasdaq falls 0.7% as Fed signals possible rate hike
Tech-heavy index dragged by semiconductor stocks after Fed chief hints at tighter policy. Dow and S&P 500 decline modestly as markets weigh inflation risks ahead of September decision.
Fed’s Hammack sees inflation at 3% by end-2026, gradual decline in 2027
Federal Reserve Bank of Cleveland President Beth Hammack projects U.S. inflation will ease to around 3% by year-end 2026, with limited further progress toward the 2% target in 2027.
Fed’s Warsh signals resolve on inflation but leaves rate path unclear
Investors welcomed clearer inflation guidance from Federal Reserve Chair Kevin Warsh, though uncertainty persists over whether the central bank will raise rates in September. Treasury yields and rate-hike odds rose after his Jackson Hole remarks.
ECB’s Kocher says euro zone economy showing signs of momentum
Austrian central bank chief cites resilience in growth despite inflation pressures and geopolitical drags. ECB policy path remains data-dependent amid Jackson Hole remarks.
Warsh signals subtle shift in Fed guidance at Jackson Hole
Federal Reserve Chair Kevin Warsh outlines a more measured approach to policy communication while emphasizing inflation progress. Markets parse signals ahead of September decision.
HSBC sees 5% Treasury yield as key threshold for equities
HSBC warns sustained rise in 10-year Treasury yield above 5% could pressure stock valuations, though current levels remain below that level. Financials, energy and industrials favored if rates stay elevated.
U.S. debt tops $40 trillion under Trump amid rising borrowing costs
National debt surpasses $40 trillion in Trump's second term as tax cuts and spending outpace revenue growth, with yields on U.S. bonds near two-decade highs.
Bank of Canada poised to hold rates as growth, trade risks collide
Strong second-quarter expansion and 3% inflation pressure the central bank to maintain its 2.25% policy rate, despite escalating U.S. tariffs and retaliatory measures.
HSBC warns equities vulnerable if U.S. 10-year yield breaches 5%
Equity strategists flag a 5% threshold on the 10-year Treasury as the point where higher bond yields could pressure stocks, while the Fed is seen holding rates through 2027.
Brazil's central bank weighs measures to curb rising household debt
Authorities examine limits on credit card and unsecured loan exposure before imposing a debt-to-income ceiling amid record household debt-service commitments.
ECB's Kocher says European economy gaining momentum
European Central Bank council member Martin Kocher flags resilience and improving growth in the euro area, while warning inflation remains a concern ahead of September policy decisions.
Brazil weighs lending curbs as household debt ratio hits record 26.6%
Central bank considers lender-side restrictions to curb rising consumer leverage after household debt service-to-income ratio climbs to highest level in June. IMF urges stricter rules.
U.S. defends yen intervention, warns of borrowing cost risks
Treasury Secretary Scott Bessent says Tokyo’s yen support operations are justified amid volatility that could disrupt U.S. Treasury markets and raise borrowing costs for Americans.
China regrets G20 finance meeting failed to issue joint statement
Spokesperson cites divergent views on key issues as reason for absence of consensus during Wednesday's G20 finance leaders' meeting.
Fed’s Williams: Rising yields reflect strong economy, not inflation pressure
New York Fed chief attributes higher bond yields to robust growth and AI investment rather than price pressures, as tariffs and geopolitics keep inflation elevated.
Swiss shares rise as defensive stocks lead; gold rallies on softer jobs data
Swiss Market Index edges higher as Roche and other defensive stocks gain; gold jumps 0.63% on dovish US jobs report and weaker dollar. US semiconductor and software stocks diverge in premarket trading.
Dollar steadies near 1.5% YTD gain as Fed guidance remains sparse
Reuters poll shows strategists expect limited dollar movement through September, with 73% of respondents seeing little change in positioning. Treasury yields hit 4.82% as U.S. debt surpasses $40 trillion.
Swiss banks face CHF 12-24 bln mortgage funding gap under Basel III
New Basel III rules could leave a CHF 12-24 billion annual financing shortfall for Swiss real estate and development projects, while owner-occupied housing benefits from lower capital requirements.
ECB policymaker signals readiness for further rate hikes if inflation rises
ECB Governing Council member Gabriel Makhlouf warns the central bank must remain prepared to tighten policy further amid inflation risks. Upcoming decision next week seen as data-dependent.
Fed’s Williams says U.S. bond yield rise reflects strong economy
New York Fed chief cites AI and data center investment as drivers of higher long-term Treasury yields, dismisses inflation concerns. Labor market remains stable, he adds.
BofA trims UK 2027 growth forecast on energy price surge
Brokerage lowers 2027 GDP outlook to 1.2% as higher oil and gas costs weigh on outlook; inflation forecasts raised across 2026-27.
Dow edges higher as caution persists amid oil surge and Fed rate expectations
U.S. stocks opened modestly higher on Wednesday with the Dow up 0.3% as investors weighed rising oil prices and mounting expectations for a Federal Reserve rate hike in September.
Gold falls as Fed hike odds rise; Iran conflict adds pressure
Fed rate expectations surge after hawkish remarks, while geopolitical tensions in the Strait of Hormuz weigh on the metal. Gold tests August lows as traders reassess safe-haven demand.
Fed’s Hammack expects inflation near 3% by year-end, mid-2s in 2027
Federal Reserve Bank of Cleveland President Beth Hammack projects inflation will remain above target through 2026 before easing toward the mid-2% range in 2027. She reiterates the case for further rate hikes to curb price pressures.
Fed officials warn inflation remains sticky ahead of Jackson Hole meeting
Kansas City and Chicago Fed presidents flag persistent price pressures as the annual symposium convenes in Wyoming. Upcoming policy decision looms amid five-year stretch above target.
Fed officials Hammack, Schmid call for higher rates amid inflation concerns
Cleveland Fed's Hammack and Kansas City Fed's Schmid urge rate hikes, citing persistent inflation and lack of policy restraint. Second Fed call for hikes in a single day.
BofA cuts UK 2027 growth forecast on energy shock
Bank of America reduces UK growth outlook for 2027 to 1.2% due to higher energy prices and pre-Budget uncertainty, while lifting 2026 estimate to 1.2%.
ECB’s hawkish stance lifts real rates, UBS says, as bond yields rise
UBS argues the ECB’s shift toward tighter policy since March is driving real rate expectations higher, with limited impact on euro-area term premia. The bank sees scope for further tightening into 2027.
USD/JPY near 160.25 as yen weakens on carry trade, bond sell-off
The yen remains under pressure from rising global yields and fiscal concerns, while technical levels suggest a pullback before further gains. US jobs data due Friday may dictate next moves.
JPMorgan sets 30K-70K jobs range as ideal for Fed meeting
Bank says nonfarm payrolls in the 30,000 to 70,000 range would align with a 'goldilocks' scenario ahead of the Federal Reserve's September 16 policy meeting.
ECB September rate hike odds rise after July minutes, ING says
ING cites stronger-than-expected eurozone data and July meeting minutes as evidence mounting for a September rate increase by the European Central Bank.
Kansas City Fed’s Schmid says inflation remains persistent, rates not restrictive
Federal Reserve Bank of Kansas City president Jeffrey Schmid signals support for higher rates to curb stubborn price pressures amid 2% inflation target.
Swiss stocks slip as oil, rate fears weigh on markets
SMI falls 0.4% as Brent crude tops $95, inflation and ECB/Fed policy expectations drive defensive rotation; Roche, Swiss Life gain while Amrize, Holcim lag.
Canadian dollar weakens as Fed outlook, U.S. dollar weigh on loonie
The loonie slipped 0.06% to C$1.3885 per dollar as traders assessed U.S. inflation data and the Federal Reserve’s policy path. The dollar index rose to 99.158, extending weekly gains.
Gold consolidates near $4,600 ahead of Fed’s Jackson Hole speech
Bullish momentum stalls as traders book profits above $4,700; technical levels and geopolitical risks shape near-term outlook ahead of central bank symposium.
Six EU net contributors push for deep cuts to €2 trillion budget plan
Germany, Austria and four other net contributors demand reductions of several hundred billion euros to the EU's 2028-2034 budget, citing national consolidation needs and rejecting further joint borrowing.
U.S. manufacturing data, Treasury auctions set for Monday
Chicago PMI and Dallas Fed index releases, along with 3- and 6-month Treasury bill auctions, will provide fresh signals on U.S. industrial activity and short-term borrowing costs.
Canadian bond yields steady as global rates swing
Canada's government debt yields held firm while U.S. Treasuries gyrated on auctions and inflation data. No domestic catalysts drove movement.
Brazil central bank sells $2 bln in spot and swap auctions
Central Bank of Brazil conducts simultaneous $1 billion spot sale and $1 billion reverse currency swap auction to provide dollar liquidity.
U.S. jobless claims fall to 203,000; trade deficit widens in July
Initial jobless claims declined as the goods trade deficit expanded to $118.8 billion amid rising imports and falling exports. Continued claims also decreased, aligning with the August nonfarm payrolls period.
Swiss equities edge up as SMI hits 14,400; Zurich Airport slumps 7.7%
Swiss heavyweights lagged European peers despite improving macro signals, while Zurich Airport sank on profit outlook and India project delays. U.S. rate rhetoric had minimal impact on local markets.
US tech stocks fall as Fed signals rate hike risk
Nasdaq 100 drops 0.75% after Fed chief warns on inflation; S&P 500 and Dow slip. CME data show rising odds of a September hike.
Gold plunges 10% in six sessions after hawkish Fed remarks
December gold futures drop from near $4,755 to about $4,330 in six sessions as hawkish Jackson Hole comments shift rate expectations. Traders weigh further downside against potential technical rebounds.
Gold falls to two-week low as U.S.-Iran tensions and Fed hike bets weigh
Bullion drops for a fourth straight session on rising oil prices, stronger dollar and expectations for higher U.S. interest rates. Technicals point to further downside toward key moving averages.
US jobless claims fall for second straight week to 203,000
Initial unemployment claims declined by 4,000 to 203,000 last week, below expectations of 208,000, signaling continued labor market resilience amid mixed economic signals.
Gold holds near $4,600 as investors eye Jackson Hole Fed remarks
Gold steadies after three days of tight trading, up 13% this month as U.S. debt-buying plans lifted bullion demand. Focus shifts to Fed’s Warsh speech Friday.
Global bond selloff deepens as yields hit multi-decade highs
Rising inflation bets, soaring debt loads and central bank hawkishness have driven global bond yields to levels not seen in decades, with Japan's 10-year yield at 3% for the first time since 1996.
U.S. stock futures slip as rate-hike bets rise, Iran tensions escalate
S&P 500 and Nasdaq 100 futures fell in early trade as investors reassessed September rate-hike odds. Geopolitical risks in the Middle East added pressure after fresh U.S.-Iran strikes.
US Treasury Secretary urges G20 to prioritize growth over debt reduction
Scott Bessent tells G20 financial leaders in Asheville that economic expansion is the primary solution to global debt burdens amid post-crisis and pandemic-era obligations.
Fed’s Schmid says current rates not restricting growth, flags rate hike risk
Kansas City Fed chief says policy stance is not yet restrictive enough to curb inflation, signaling potential hikes despite economic resilience. Remarks made at Jackson Hole conference.
RBNZ’s Cautious Tone Signals a Longer‑Term Test for the Kiwi
A 25‑basis‑point hike to 2.75% couldn’t stop the NZD’s 1% slide – the RBNZ’s softer outlook may reshape the kiwi’s path amid a strong dollar and rising oil.
Fed's Warsh to deliver pivotal speech at Jackson Hole symposium
Investors await signals on U.S. monetary policy and inflation strategy as new Fed Chair Kevin Warsh addresses the annual Kansas City Fed gathering in Wyoming. Rising U.S. Treasury yields and debt sustainability concerns add urgency to the remarks.
ECB minutes show oil price swings, inflation risks remain
Governing Council’s July meeting minutes highlight persistent energy price volatility, upward pressure on food costs and rising medium-term inflation expectations despite recent oil price declines.
U.S. inflation remains stubbornly above Fed target ahead of Warsh speech
July data shows consumer prices rising at a 3.7% annual pace, defying the Fed's 2% target. Markets price in a September rate hike as policymakers debate the inflation outlook.
New Zealand dollar drops 1% after RBNZ signals cautious rate path
Kiwi falls to $0.5834 as central bank softens hawkish tone despite 25bp hike to 2.75%. U.S. dollar strength and oil surge add pressure.
Australia 10-year yields hit 15-year high on strong GDP, inflation concerns
Ten-year government bond yield climbs to 5.223% as economic growth and inflation data outpace forecasts, lifting rate hike expectations for the Reserve Bank of Australia.
Asian currencies drop as dollar strengthens; kiwi hits 2024 low
The New Zealand dollar fell to its weakest level since mid-August after the RBNZ raised rates, while the U.S. dollar advanced on expectations of a September Fed hike. The yen remained above 160 per dollar amid policy uncertainty.
Morning Bid: Who will police the bond vigilantes?
Markets await clarity on oversight of investor-driven bond market pressures.
Chicago Fed chief says no conflict with Treasury on debt policy
Austan Goolsbee says Treasury’s debt actions align with broader U.S. economic goals and won’t clash with Fed policy decisions.
U.S. Treasury Secretary urges G20 to prioritize growth over debt reduction
Scott Bessent tells finance leaders that economic expansion is the primary solution to unsustainable global debt levels, citing post-crisis and pandemic-era borrowing. G20 meeting in Asheville, North Carolina, begins Monday.
Gold rallies as dollar stumbles; analysts eye $5,000 target by 2026
Precious metal benefits from dollar weakness and rising inflation expectations, drawing inflows into gold ETFs. Analysts upgrade forecasts as Fed rate hike odds fade.
Brazil’s 2027 budget projects 0.1% primary surplus, below target
Planning Minister Bruno Moretti confirms the 2027 budget will forecast a 0.1% primary surplus, falling short of the 0.50% target due to court-ordered spending exclusions.
S&P 500 nears record highs as investors weigh Fed policy risks
Market valuations remain elevated despite overbought signals, with traders pricing a 60% chance of a September rate hike. Oil prices surge above $90 per barrel amid Middle East tensions.
Swiss mortgage reference rate held at 1.25% in September
The Swiss Federal Office for Housing left the key mortgage reference rate unchanged at 1.25% as widely anticipated, with no near-term decline expected under current conditions.
UBS warns Swiss bank capital rules could add $13 bln in costs
Swiss bank regulator proposals would increase Tier-1 capital requirements by $13 billion, on top of existing burdens, UBS says. Industry and authorities criticize the plan as excessive and impractical.
UBS warns Swiss bank capital rules proposal would add $13 bln burden
UBS estimates the Senate committee's compromise plan would require an additional $13 billion in Tier-1 capital, on top of $15 billion already mandated post-Credit Suisse takeover and $2 billion from federal rule changes.
UBS warns Swiss AT1 capital demands could rise $13 bln under WAK-S proposal
Bank estimates 13 billion USD in additional Tier-1 capital if WAK-S commission’s draft rules are enacted, atop 30 billion USD already required post-Credit Suisse takeover.
Gold falls below $4,400 per ounce as yields rise
Gold price drops 1.5% in London to $4,372 as investors favor higher-yielding bonds amid rising rate expectations. Eurozone inflation accelerates to 3.3%, fueling ECB tightening bets.
Bundesbank chief flags possible ECB rate hike, warns on Germany’s AAA rating
Joachim Nagel signals markets may be right on an ECB rate increase next week, citing persistent inflation, while urging Berlin to preserve Germany’s top credit rating amid a widening fiscal deficit.
U.S. ISM manufacturing index falls to 54.6 in August as new orders weaken
U.S. factory activity slowed more than expected last month, with the ISM index dropping to 54.6 from 55.6 in July. New orders and employment both declined, while prices paid remained steady.
Israel’s central bank cuts rates for third time as global tightening trend persists
The Bank of Israel reduced its benchmark rate by 25 basis points to 3.25%, the lowest since 2022, citing easing inflation and a strong shekel. Analysts had expected no change.
U.S. tech stocks slide as oil prices rise and rate hike bets grow
Nasdaq 100 drops 0.9% as oil price surge and rising Fed rate expectations weigh on rate-sensitive tech shares. S&P 500 and Dow Jones also fall ahead of Friday's jobs report.
US stocks fall as inflation fears weigh on tech amid oil spike
Nasdaq 100 drops 1.29% as oil prices surge on Middle East tensions; S&P 500 and Dow also decline. Apple leads gains on strong outlook, while GoPro surges 40% on merger news.
Dollar consolidates after hawkish Fed repricing ahead of key data
U.S. currency steadies near 99.5 after Friday’s sharp shift in September rate-hike odds, as traders assess whether elevated yields and geopolitical risks can sustain momentum.
Dollar slips as long-end yields fuel debasement trade ahead of Fed week
U.S. currency retreats from post-Fed gains as two-year SOFR holds above 4.20%, while ECB inflation data and RBNZ decision loom. Analysis flags risk of further losses unless hawkish repricing solidifies.
Global bond rout deepens as oil prices surge past $92; UK 30-year gilt yields hit 28-year high
Long-term UK borrowing costs rise to levels last seen in 1998 as oil climbs above $92 a barrel, while eurozone inflation hits a three-year high. Global bond markets extend sell-off amid inflation and fiscal concerns.
Central banks drive FX markets as September rate hike bets intensify
Global bond yields surge to multi-year highs as markets price aggressive tightening cycles from the Fed, ECB, BOJ and others. Traders face a crowded field of policy horses with uneven odds.
Gold falls to two-week low on hawkish Fed bets, geopolitical risks
Gold traded near $4,460 per ounce as rising oil prices and hawkish signals from the U.S. Federal Reserve intensified rate-hike expectations. Geopolitical tensions in the Strait of Hormuz added further pressure.
EUR/USD slips as dollar strengthens ahead of Eurozone inflation
Euro falls below 1.16 amid weak German retail data and rising oil prices, while USD/JPY approaches 160 as Japanese yields hit three-decade highs. Technical levels and U.S. payrolls data loom large.
Dollar slips after Warsh speech despite hawkish Fed repricing
Greenback weakens as front-end rates hold firm, but long-end yields and fiscal concerns weigh on the currency. This week's U.S. data will determine if the pullback deepens.
EUR/USD trapped between key moving averages as ECB-Fed hike bets converge
The pair remains confined between the 100-day and 200-day moving averages after Eurozone inflation data reinforced expectations for a September ECB hike but tempered bets on further tightening.
Fed's Barr signals readiness to hike rates if inflation fails to ease
Federal Reserve Director Michael Barr states the central bank remains prepared to raise interest rates by 25 basis points at its September meeting if inflation does not show sufficient moderation. Markets price in a 0.25% increase.
U.S. job openings fall short of forecasts in July JOLTS report
U.S. job openings declined to 7.27 million in July, below the 7.33 million expected and down from a revised 7.18 million in June, signaling a cooling labor market.
U.S. job openings rise in July as June data revised lower
Openings increased by 89,000 to 7.27 million, while June figures were cut to 7.18 million. Manufacturing sector saw a 79,000 rise in unfilled positions.
Brazil Q2 GDP growth beats forecasts, but outlook trimmed on credit risks
Second-quarter expansion of 0.5% exceeded expectations, but economists downgrade growth projections for H2 2026 and 2027 citing tight credit conditions and policy uncertainty ahead of October elections.
South Korea inflation rises 3.1% in August, below forecasts
Consumer prices accelerated from July but missed expectations as energy and telecom costs remained elevated. Core inflation climbed to 3.4%.
GBP/USD holds near 1.3535 as Fed, BOE decisions loom
Sterling struggles to extend gains above 1.35 as global yields surge and policy divergence risks weigh ahead of key central bank meetings. Gilt yields hit multi-decade highs.
Global bond rout deepens as U.S. 2-year yield hits 2025 high
Treasury yields surge to multi-year peaks as Middle East tensions and inflation concerns drive a broad sell-off. European and Japanese yields also climb to decade-plus highs.
Global bond selloff deepens as 2-year Treasury yield hits highest since 2025
Treasury yields surge to multi-year peaks amid Middle East tensions and inflation concerns, while European and Japanese debt markets follow. Upcoming U.S. jobs data and ECB meeting add to market focus.
German DAX edges higher as US tech earnings support, Jackson Hole looms
German blue-chip index gains 0.09% in early trade as strong US tech earnings offset modest gains; MDax climbs 0.34%. Focus shifts to Jackson Hole symposium and Fed remarks.
Jackson Hole Looms, Won Rises: Why the Dollar’s Calm May Be Anything but
The dollar’s steady march ahead of Fed Chair Warsh’s Jackson Hole speech masks a brewing divergence with Asia, as Korea’s rate hike lifts the won and reshapes risk‑on dynamics.
European stocks rise on Fed hawkish signals ahead of U.S. rate decision
Euro Stoxx 50 gains 0.95% as investors price in potential September Fed hike; FTSE 100 and SMI also advance. Warsh signals readiness for tighter policy amid persistent inflation concerns.
Euro zone lending growth accelerates in July, ECB data shows
Corporate loan growth rose to 4.4% annually while household lending increased to 3.1%, signaling modest expansion in credit demand after the ECB's June rate hike.
UK rate hike expectations pushed to early 2027 as bond yields ease
Market pricing shows no full quarter-point increase expected until February 2027, with 10-year gilt yields falling to a two-week low before reversing gains. BoE Governor cites geopolitical risks as a key driver.
ANZ flags November RBA hike risk as Australia inflation proves sticky
Trimmed mean CPI rose 0.5% in July, exceeding expectations and prompting ANZ to warn of a potential November rate increase by the Reserve Bank of Australia.
Australia's persistent inflation raises odds of November rate hike
Trimmed mean CPI rose 0.5% in July, exceeding forecasts and pushing the annualized three-month measure to a record 4.7%. Markets price in a 40% chance of a hike next month.
U.S. inflation cools market sentiment ahead of Jackson Hole
July PCE data shows sticky prices, stocks mixed as dollar strengthens and copper hits record high. Fed’s Warsh speech awaited.
ECB’s Schnabel says further rate hikes needed amid inflation risks
ECB board member warns policy rate is insufficient to return inflation to target, citing strong eurozone growth and geopolitical pressures.
EUR/USD steadies ahead of U.S. core PCE; Fed rate hike odds at 40%
The euro holds above key support as traders await the Fed’s preferred inflation gauge, with a 0.2% m/m core PCE reading expected to reinforce disinflation concerns before the September FOMC meeting.
European yields rise after Schnabel warns on rates
German Bund yields climb from two-week lows as ECB's Schnabel signals further hikes may be needed. U.S. Treasury yields also advance ahead of Jackson Hole remarks.
Asia FX mixed ahead of U.S. PCE data; Aussie gains on hot CPI
U.S. dollar strengthens 0.3% as investors await core PCE inflation data; Australian dollar rises after CPI beats forecasts. Yen holds below 160 after July intervention.
ECB seen poised for September rate hike amid persistent inflation pressures
Eurozone central bankers may raise benchmark rate to 2.5% next month to curb inflation near 3%, while markets expect one or two additional hikes. Robust growth outlook limits further tightening.
Dollar strengthens on Fed hawkishness; euro, yen and Aussie under pressure
The U.S. dollar extended gains after hawkish remarks by Fed Chair Warsh, pressuring the euro, yen and Australian dollar. European inflation data and oil price gains added to market focus.
US stocks edge lower on inflation, geopolitical risks; SMI slips 0.24%
Dow futures down 0.3% as investors weigh Fed hawkishness and Middle East tensions. Holcim leads SMI losers; Logitech gains 0.5%. Brent crude rises above $91/barrel.
Eurozone growth accelerates, ECB rate hike bets firm up
Eurozone GDP rose 0.45% in Q2, led by exports, while inflation pressures persist. Traders price in a September ECB rate hike as officials warn of prolonged energy risks.
Warsh signals Fed policy shift in Jackson Hole speech
Federal Reserve Chair Kevin Warsh’s remarks at Jackson Hole reaffirmed the central bank’s 2% PCE inflation target and aligned his stance with FOMC consensus. Markets reassess September rate hike odds.
EUR/USD nears two-week low as dollar strengthens after Fed remarks
The euro slipped toward a two-week trough as hawkish comments from Federal Reserve Chair Kevin Warsh boosted the dollar and raised September rate-hike odds to 57%. Markets now await Friday’s U.S. jobs data to gauge policy path.
Fed's Warsh signals shift toward traditional policy stance at Jackson Hole
Federal Reserve Chair Kevin Warsh used his first Jackson Hole address to align his communication with conventional central banking, reiterating the 2.0% inflation target and detailing his data-driven approach. Markets responded with expectations of tighter policy.
U.S. stocks end week mixed as jobs data, earnings loom
S&P 500 and Dow rise for the week, Nasdaq slips; Fed rate expectations shift ahead of August jobs report and corporate earnings.
UMH Properties secures $10.2 million Fannie Mae loan at 6.03%
UMH Properties Inc. obtained a 10‑year, fixed‑rate, interest‑only loan of $10.2 million from Wells Fargo, backed by Fannie Mae, to fund acquisitions, expansions and short‑term debt repayment.
Bitcoin holds key support as Fed September hike odds rise to 60%
BTC struggles to break above $86,000 resistance while oil volatility surges on U.S.-Iran tensions and Venezuela energy deal. Fed rate expectations shift ahead of August jobs data.
European stocks slip as Iran tensions, rate hike bets weigh
DAX falls 0.9% after record close as Brent crude jumps 3.8% to $91.45/bbl; investors eye Fed policy signals and oil sector gains.
India's April-July fiscal deficit narrows to $47.8 billion
Shortfall at 4.55 trillion rupees, or 26.8% of annual target, as revenue rises and spending increases. Deficit target remains 4.3% of GDP for FY27.
Eurozone growth accelerates, reinforcing ECB rate hike case
Barclays upgrades euro area GDP outlook as sentiment improves, while inflation pressures persist ahead of September ECB meeting.
European stocks slip on rising rates, oil prices
EuroStoxx 50 and SMI retreat 0.2% as bond yields climb and Brent crude tops $80/bbl. Real estate and tech sectors lag while energy shares advance.
TSX futures rise 0.2% ahead of Bank of Canada rate decision
Canadian benchmark futures gain as crude oil surges nearly 3% past $90 a barrel. Investors await Wednesday's BOC policy decision amid geopolitical tensions.
TSX futures rise ahead of Bank of Canada rate decision
Canadian benchmark index futures climb 0.2% as traders await Wednesday’s policy announcement amid steady inflation and geopolitical oil-price risks.
German 10-year Bund yield hits 15-year high as oil, rates rise
Ten-year German government bond yield climbs to 3.29%, highest since 2011, as U.S. rate hawkishness and Brent crude at $89.80 per barrel fuel bond selloff. Two-year Bund yield also hits multi-year peak.
Pinterest shares fall on CFO resignation, analyst downgrade
Pinterest stock slid 1.8% in pre-market trading after the company announced the resignation of Chief Financial Officer Julia Brau Donnelly. Analysts cited broader pressure on tech names amid hawkish Fed signals.
BOJ's Ueda skips Jackson Hole; Tamura to attend Fed gathering
Japan's central bank governor will miss the annual Fed symposium as focus shifts to the U.S. Treasury Secretary's remarks and next week's G20 finance talks in North Carolina.
Australia's July inflation exceeds forecasts, raises rate hike odds
Consumer prices rose 3.5% year-on-year in July, outpacing projections and keeping pressure on the Reserve Bank of Australia to tighten policy. Markets now price a 27% chance of a hike in September.
Australia's July inflation exceeds forecasts, fuels RBA rate hike bets
Consumer prices rose 1.0% month-on-month, outpacing expectations and keeping annual inflation at 3.5%. Traders boost September rate hike odds to 38% amid rising core pressures.
Silver slumps below $68.89, risks deeper correction to $63.67
Technical analysis points to further downside as price breaks below key mean, while hawkish Fed comments and stronger dollar amplify near-term pressure on spot silver.
Gold slips below key support as Fed bets weigh on prices
Technical breakdown below 4,571–4,593 shifts short-term momentum bearish but long-term trend remains intact. Downside targets set at 4,454–4,432 if support fails.
Gold holds near-term support as analysis flags seasonal S&P risks
Weekly losses for gold follow yield-driven volatility, with analysis warning of seasonal equity-market fragility despite the metal's longer-term resilience.
German bond yields hit multi-year highs after hawkish Fed signals
Eurozone sovereign debt selloff accelerates after U.S. Treasury yields surge on remarks by Federal Reserve Governor Kevin Warsh. ECB rate decision looms.
German yields surge to multi-year peaks after Fed's Warsh signals hawkish stance
Germany's 10-year Bund yield climbs to 12-year high as money markets price near-60% chance of a September U.S. rate hike. ECB decision looms amid rising inflation pressures.
Fed’s Warsh signals hawkish tilt on inflation but leaves rate path unclear
Investors welcomed clearer inflation guidance from Federal Reserve Chair Kevin Warsh, yet uncertainty persists over the timing and scale of potential rate hikes. Treasury yields and dollar gains reflect shifting expectations.
Gold dips from three-month high as oil, rate cut bets ease
Spot gold fell 0.7% to $4,624.97 an ounce after a three-week rally, while oil slipped below $90 a barrel amid Middle East de-escalation talks. Fed policy expectations remain the key driver.
Gold slips from three-month peak as oil, yields retreat
Gold prices eased 1.4% after hitting a three-month high, while U.S. Treasury yields and oil also declined. Fed Chair Warsh's Jackson Hole remarks and geopolitical tensions added to market focus.
Japan’s corporate services inflation accelerates to 3.6% in July
Corporate services price index rose above forecasts, signaling persistent inflation pressures as firms pass on costs. Bank of Japan rate hike bets intensify.
Tokenized deposits may raise U.S. credit costs, Dallas Fed economists warn
Research from Dallas Fed economists suggests programmable deposit tokens could destabilize bank funding, increasing borrowing costs for households and businesses. Banks are already building shared networks to support the technology.
U.S. stock futures slip ahead of PCE data, Nvidia earnings
Futures drifted as investors assessed July inflation readings and awaited Nvidia's quarterly report. Core PCE matched forecasts at 3.3% YoY, while durable goods orders topped estimates.
German stocks set for modest gain ahead of Jackson Hole; Nvidia rallies on earnings
Dax futures point to a 0.3% rise as Nvidia's quarterly results exceed expectations, lifting chipmakers and tech peers. Fed's preferred inflation gauge remains elevated ahead of central bank symposium.
UBS shares hit 18-year high ahead of Swiss capital rules vote
UBS stock rose 4.8% last week to CHF 44.53 as investors awaited a key Senate committee decision on stricter capital requirements. The debate centers on whether the bank must raise $20 billion in hard equity or may use cheaper AT1 bonds.
Barclays expects two more Fed rate hikes this year
Barclays projects two additional Federal Reserve rate increases in 2024 following a speech by Fed Governor Christopher J. Warsh.
U.S. Treasury's Bessent dismisses bond market turmoil concerns
Secretary Bessent says longer-dated debt buybacks aim to curb volatility, not distort markets, as 30-year borrowing costs hit 19-year highs.
Brazil Treasury to unveil debt financing plan changes on Wednesday
Changes to the 2026 Annual Financing Plan will be announced alongside July public debt data. Analysts expect adjustments to floating-rate bond issuance linked to the Selic rate.
Brazil unemployment rate falls to 5.3% as wage mass hits record
Jobless rate drops to lowest level since 2012, but robust wage growth keeps central bank policy cautious ahead of September rate decision.
Gold steadies near $4,465 after sharp selloff as Fed hike bets rise
Gold prices recovered slightly after a 3.2% drop on Friday, while silver and platinum advanced. Fed Chair Kevin Warsh’s hawkish remarks revived expectations for a September rate hike.
BOJ seen accelerating tightening with 1.25% rate hike in September: poll
A Reuters survey of economists shows 57% expect the Bank of Japan to raise its key rate next month to 1.25%, up from 1% in June, as yen pressure and inflation concerns mount.
IMF chief says global economy holding up to energy shock, flags fiscal risks
Kristalina Georgieva warns of a 'tug of war' between energy supply disruptions and AI-driven growth, as fiscal pressures mount ahead of G20 talks.
EUR/USD slips as dollar rebound tests rate-differential trade ahead of Jackson Hole
The euro retreated 0.09% to 1.1654 as a dollar bounce—driven by short-covering ahead of U.S. inflation data and the Fed’s Jackson Hole symposium—tests the single currency’s resilience. Positioning, not fundamentals, is dictating the near-term move.
Brazil DI rates end little changed after IPCA-15, U.S. data
Brazilian interest rate swaps for 2028 and 2035 ended flat to slightly lower as inflation data and U.S. yields offset modestly. IPCA-15 surprised to the downside while core services firmed.
Brazil DI rates fall as U.S. yields, oil decline
Brazilian interbank deposit rates eased Tuesday as U.S. 10-year Treasury yields and Brent crude retreated, while Copom rate-cut expectations firmed. DI Jan-2028 fell 8 bps to 13.80%.
Mexico's central bank lifts 2026 growth forecast, extends inflation target timeline
Banxico raises its 2026 GDP growth outlook to 1.5% from 1.1% while pushing back the timeline for headline inflation to hit its 3% target to Q4 2027. Core inflation forecast for Q4 2026 adjusted to 3.5%.
ECB seen raising rates in September as Iran war fuels inflation risks
Central bank officials plan a 25-basis-point hike to 2.50% next month, citing energy price pressures from the Middle East conflict and resilient economic activity.
ECB seen hiking rates in September without forward guidance
Central bank expected to raise deposit rate to 2.50% next month as inflation nears 3%, but policymakers unlikely to signal additional tightening. Next week’s data release may influence decision.
ECB poised to hike rates in September as Iran war stokes inflation risks
European Central Bank expected to lift borrowing costs to 2.50% next month amid energy price pressures tied to regional conflicts. Inflation remains near 3%, while policymakers signal limited scope for further tightening.
Euro yields rebound after Schnabel warns on inflation fight
German two-year Bund yield rises to two-week high as ECB policymaker signals further rate hikes may be needed. U.S. Treasury yields also climb ahead of Jackson Hole symposium.
U.S.-Iran conflict reshaping global trade, currency and defense spending
BCA Research outlines six structural shifts from the escalating conflict, including a shift away from dollar dominance, rising defense capex and nuclear proliferation risks. ProPicks AI’s Tech Titans strategy outperforms S&P 500.
Bank of Korea lifts rates by 25 bps to 3.0% in second straight hike
South Korea’s central bank raised its key rate to the highest since early 2025 as demand-driven inflation persisted. Only one more 25 bps increase is expected by 2027.
Brazil raises floating-rate debt share forecast to record high
Treasury revises annual financing plan, lifting floating-rate debt projection to 49%-53% of total as borrowing costs remain elevated. Gross debt reaches 81.9% of GDP.
Brazil's IPCA-15 inflation slows further but services pressure keeps Copom cautious
August's IPCA-15 fell 0.40% on the month, exceeding expectations, while core services inflation accelerated. Policy makers face a delicate balance ahead of the September 16 meeting.
IMF warns global economy faces persistent energy risks amid fiscal strains
Managing Director Kristalina Georgieva says the world economy has weathered recent energy disruptions better than expected, but warns of lingering inflation risks and rising fiscal pressures ahead of the G20 meeting.
Mexico's peso strengthens to near 16.92 per dollar, hurting exporters
The Mexican peso has surged nearly 20% since January 2025, trading below 17 per dollar, as high interest rates and trade stability draw capital inflows that erode competitiveness for exporters.
Boston Fed's Collins signals possible rate hike if inflation stalls
Fed policymaker warns rates may need to rise soon if upcoming data fails to show sustained disinflation, as core PCE inflation holds near 3.3% annually.
Brazil’s election rivals clash over fixing long-term borrowing costs
Presidential rivals propose opposing strategies to lower Brazil’s 7.5% real interest rates amid rising debt levels. Lula’s camp favors bond buybacks, while the opposition insists on spending cuts.
IMF says global economy weathered Iran-linked energy shock better than feared
Managing Director Kristalina Georgieva cites drawdowns in oil and gas reserves, AI-driven growth and lower energy demand as key buffers against the Strait of Hormuz closure. Risks remain tilted to the downside.
Four regional Fed boards pushed for July rate hike, minutes show
Dallas, Cleveland, Minneapolis and Kansas City Fed directors voted to raise the primary credit rate by 25 basis points ahead of the July FOMC meeting, but were overruled in the central bank's 9-3 decision.
Brazil’s Lula and Flávio Bolsonaro camps split on tackling high long-term rates
Divergent policy proposals from President Lula’s campaign and Flávio Bolsonaro’s team highlight competing strategies to reduce Brazil’s elevated real borrowing costs, amid rising debt levels.
SNB’s Martin says strong bank capital buffers not a competitive drawback
Swiss National Bank Vice Chairman argues robust capital levels help domestic banks weather downturns and gain market share from weaker peers.
Gold pullback seen as correction, not reversal, analysis says
Technical pullback tests $4,600 support after August rally; analysis flags $4,570–4,610 as key correction zone ahead of U.S. inflation data.
U.S. jobless claims, Kansas Fed data headline Thursday's economic calendar
Initial jobless claims forecast at 208K, Kansas Fed composite index among data due before the Jackson Hole symposium. Natural gas storage, retail inventories also on tap.
Brazil raises Selic-linked debt share target to 53% for 2026
National Treasury increases projected share of floating-rate bonds to 49%-53% amid economic uncertainty, while trimming inflation-linked and fixed-rate allocations.
Brazil’s Flavio Bolsonaro proposes public debt ceiling if elected
Senator Flavio Bolsonaro’s campaign plans to introduce a constitutional debt ceiling that would trigger spending caps if gross public debt exceeds 65% of GDP. Adviser Adolfo Sachsida outlines the proposal amid Brazil’s rising debt burden.
ECB officials alarmed by U.S. policy shifts at Jackson Hole
European central bankers cite U.S. Treasury interventions and debt strategy changes as signs of rising transatlantic policy friction. Fed swap lines remain secure, officials say.
Aussie dollar strengthens on hawkish RBA bets after hot inflation data
Australian inflation and spending data fuel rapid repricing of RBA rate hike odds, lifting AUD across major crosses. Technical breakdowns emerge in EUR/AUD and GBP/AUD, while AUD/NZD breaks wedge resistance.
Gold rallies on debt concerns; $5,000 target eyed as rates rise
Fidelity fund manager doubles gold exposure as rising yields reflect deeper fiscal strain. Analysis flags $4,800-$5,000 resistance zone and potential short-term pullback.
EUR/USD steadies near 1.1660 after PCE-driven pullback
Pair consolidates gains after July data tempers Fed dovish expectations; 1.1710 remains key resistance. Analysis suggests policy-convergence trade may have peaked.
Wall Street banks clash over Fed’s GSIB capital surcharge reform
JPMorgan and Bank of America warn of $22 billion in lost capital relief as Goldman Sachs and Morgan Stanley stand to gain. Fed faces mounting pressure ahead of 2027 House oversight shift.
U.S. July PCE inflation data meets expectations, Fed rate path in focus
Core PCE rose 0.2% month-on-month and 3.3% year-on-year in July, aligning with forecasts as markets await Fed commentary. Analysts see steady rates in September, with December hike odds rising.
Crypto traders await Fed Chair Warsh’s Jackson Hole speech
Markets are positioning ahead of a speech by Federal Reserve Chair Kevin Warsh at the annual Jackson Hole symposium.
Warsh at Jackson Hole: Fed keeps September rate hike in play, prioritizes inflation
Fed policymaker Kevin Warsh signals readiness to raise rates if inflation fails to cool, while Truist Wealth warns of shifting market dynamics. Treasury yields flatten on hawkish tone.
USD/JPY holds near 159.31 as BoJ policy bets firm ahead of Himino speech
The dollar steadied in a tight range as investors priced in an 87% chance of a 25bp BoJ rate hike in September. Focus shifts to Deputy Governor Himino’s remarks for fresh policy signals.
Boston Fed's Collins signals near-term rate hike if inflation progress stalls
Boston Federal Reserve President Susan Collins warns rates may need to rise soon if sustained disinflation evidence fails to materialize. Her remarks precede a key Fed symposium.
Boston Fed's Collins signals near-term U.S. rate hike unless inflation keeps falling
Fed official warns rates may need to rise soon if sustained disinflation evidence fails to materialize despite recent progress.
Nasdaq advances 0.47% as oil and yields steady; Nvidia rebounds ahead of earnings
U.S. tech-heavy index recovers after early-week slump, led by chip stocks including Nvidia, as oil prices slide and bond yields stabilize. Dow up 0.11%, S&P 500 gains 0.16%.
Morgan Stanley flags Brazil election as binary event, warns on fiscal risks
Analysts project Ibovespa could swing between 130,000 and 250,000 points by mid-2027 depending on outcome, as fiscal trajectory hinges on October vote.
Pakistan seeks $10 billion U.S. credit line to stabilize economy
Islamabad requests a five-year bilateral facility as economic pressures mount, citing constructive talks with Washington amid improved U.S.-Pakistan ties.
U.S. new single-family home sales drop 10.5% in July to 607,000 units
Decline follows June's downward revision and exceeds Reuters' 620,000-unit consensus estimate as high mortgage rates and elevated prices curb demand.
Jackson Hole focus shifts to who bears the cost of rising U.S. deficits
Annual Fed gathering examines fiscal dominance risks as budget gaps exceed 4% of GDP for five straight years. Central bank independence and inflation history frame the debate.
USD/CAD rises as U.S.-Canada trade dispute widens rate gap
Trade war escalation lifts U.S. two-year yield premium over Canada to 128 basis points, pushing the pair toward technical resistance near CAD1.3930.
U.S. stocks rise as tech rebounds ahead of Nvidia earnings, inflation data
Dow, S&P 500 and Nasdaq advance as semiconductor and AI-related shares recover from Monday’s losses. Focus shifts to Nvidia’s quarterly report and key inflation figures due later this week.
Druckenmiller criticizes US Treasury plan to suppress bond yields
Investor Stanley Druckenmiller argues that government efforts to artificially lower long-term U.S. Treasury yields will fail, citing a long-standing principle that markets ultimately prevail. The criticism comes as yields hit multi-decade highs amid rising debt and investor demand for higher compensation.
Record debt and election politics cloud France's 2027 budget outlook
France faces a budget battle with a 5% deficit target and rising borrowing costs as political uncertainty ahead of next year's presidential election weighs on fiscal credibility.
Bitcoin steadies near $79,400 as crypto market eyes U.S. regulation and geopolitics
Major cryptocurrencies consolidate gains after a volatile week; focus shifts to U.S. regulatory developments and Middle East tensions. Ether, Solana and XRP lead gains among top tokens.
Brazil’s central bank to auction $1 bln spot FX and reverse swap on Thursday
The Banco Central will conduct two simultaneous auctions totaling up to $2 billion, aiming to tighten dollar liquidity and stabilize the exchange rate.
SNB official urges expansion of countercyclical capital buffer for banks
Antoine Martin, SNB vice president, highlights the need for higher capital reserves to bolster financial stability amid debates over tighter bank oversight in Switzerland.
Hungary’s central bank cuts key rate to 5.5% in third consecutive move
The National Bank of Hungary lowered its benchmark interest rate by 25 basis points, citing a decade-low inflation reading of 1.2% in July. Governor Mihaly Varga signaled scope for further quarter-point reductions.
U.S. private payrolls rise 11,750 weekly in four weeks to Aug 8: ADP
Weekly private payroll growth averaged 11,750 jobs in the four weeks to Aug. 8, ADP data shows, up from 9,500 the prior week, as labor market momentum remains subdued.
Hungary’s central bank cuts key rate to 5.5% in third straight move
National Bank of Hungary reduces benchmark rate by 25 bps amid slowing inflation and currency appreciation. Governor Mihaly Varga to hold briefing on policy outlook.
Bitcoin falls below $78,000 as US PCE inflation exceeds forecasts
Digital asset declines alongside equities and gold after July PCE data misses estimates. Nvidia earnings due Wednesday expected to drive further volatility.
U.S. Treasury buybacks near $4 bln fuel bond rally, CTA short squeeze seen
Long-term Treasury purchases by Scott Bessent's team coincided with a 10-basis-point drop in 30-year yields after a 19-year high. Analysts warn of potential financial repression and fiscal risk compensation.
Swiss SMI edges up 0.12% as Roche, Novartis weigh on blue chips
Amrize and Holcim lead gains in the SMI, while Stadler Rail surges 22% on strong half-year results. US PCE inflation ticks up to 3.7%, lifting September Fed hike odds to 40%.
Japan seeks record $230 billion for debt servicing in FY2027 budget
Finance Ministry requests ¥36.6 trillion to cover interest payments and redemptions, a 17% rise from the current fiscal year's initial allocation. The provisional budget surpasses ¥130 trillion for the first time.
UK Chancellor Healey to unveil cautious budget amid £9 bln fiscal headroom loss
John Healey faces narrowing fiscal headroom as higher debt costs and spending commitments erode £23.6 bln buffer ahead of October 28 budget. Defense spending targets and windfall taxes on banks and energy firms under review.
Australia’s Investment Slump Signals a Softening AUD – Why the Greenback May Gain Ground
A 3.6% drop in Q2 business investment and a 53% plunge in IT equipment spending raise questions about the AUD’s near‑term outlook and could tilt risk‑on sentiment toward the dollar.
Citi sees limited impact from Warsh’s Jackson Hole remarks on dollar
Fed official’s speech unlikely to reverse dollar weakness as Citi shifts outlook bearish on the currency ahead of central bank symposium.
U.S. debt surge reshapes bond market expectations amid rising rates
Total U.S. debt surpasses $40 trillion as deficits near 6% of GDP, prompting bond investors to reassess long-term borrowing costs and fiscal sustainability.
U.S. core PCE inflation holds at 3.3% in July, matching forecasts
Analysts see sticky services inflation as a key risk, with Fed policy focus shifting to Jackson Hole and September FOMC meeting. Consumer spending growth adjusted for inflation flat.
Wolfe Research forecasts August payrolls growth of 65,000 jobs
Nonfarm payrolls seen rising by 65,000 in August, outpacing consensus, while unemployment rate edges up to 4.16%. Wolfe also expects annual revisions to add 180,000 jobs.
Dollar weakens vs Swiss franc after Iran sanctions boost fades
The U.S. currency slips to 0.8024 francs after earlier gains from Iran sanctions faded. Investors await U.S. economic data and the Jackson Hole central-bank symposium.
Winchester Bancorp shares flat as broader market rises
WSBK holds near $13 after strong loan growth and positive 2026 EPS, while U.S. indexes advance on softer inflation outlook.
German Ifo business climate index rises more than expected in August
The Ifo Business Climate Index climbed to 88.8 in August, its fourth consecutive monthly gain, as uncertainty eased despite rising energy costs and geopolitical risks.
U.S. stocks little changed ahead of Nvidia earnings as inflation tempers rate-cut bets
Equities showed limited movement Tuesday as investors awaited Nvidia's quarterly report, while persistent U.S. inflation data reduced expectations for imminent Federal Reserve easing.
Gold rises toward $4,600 as investors await Fed’s Warsh at Jackson Hole
Spot gold climbs 0.3% as July PCE data meets forecasts and U.S. debt tops $40 trillion; traders eye Friday’s Jackson Hole speech by Fed Chair Kevin Warsh for policy clues.
Japan debt-servicing costs to hit record 36.6 trillion yen in FY2027
Ministry of Finance data shows a 17.1% rise in debt-servicing costs to 36.64 trillion yen, driven by higher interest rates. The fiscal year begins in April.
Global yields steady as U.S. Treasury liquidity plan eases debt supply
Benchmark borrowing costs retreated after Washington's plan to use $940 billion in cash reserves to fund bond buybacks eased oversupply concerns. Brent crude fell as sanctions on Tehran underwhelmed.
Global bond yields ease as sanctions threat fizzles and Treasury cash plan gains traction
U.S. and European sovereign yields retreated as a widely anticipated sanctions package against Tehran failed to materialize, while a potential Treasury cash drawdown to fund bond buybacks eased supply concerns.
Central bank gold demand supports long-term outlook despite price drop
Gold faces short-term volatility after a 25% retreat in 2024, but structural central bank purchases remain a key support. U.S. semiconductor stocks correct after Micron's strong results, while Europe lags in AI-driven gains.
Gold nears $4,700 as Treasury bond buybacks, geopolitics lift prices
Spot gold advances toward key resistance as U.S. Treasury expands bond buybacks and Middle East tensions stoke inflation bets ahead of Jackson Hole. ETF inflows reach eight-month high.
UBS pushes for softer AT1 capital rules amid Swiss bank reform debate
Swiss lawmakers weigh compromise on Additional-Tier-1 debt as UBS-backed study argues for earlier loss-absorption triggers. Next vote set for Aug. 31.
Citigroup warns aggressive Treasury yield cap may weaken dollar
Citi’s asset allocation head cautions that capping long-end U.S. Treasury yields could divert investor flows from Treasuries, reducing dollar demand. The 30-year yield hit a 2007 high as fiscal and duration risks mount.
ECB’s Schnabel urges blockchain adoption to preserve monetary policy role
ECB board member Isabel Schnabel argues at Jackson Hole that tokenized central bank money could enhance policy flexibility and counter private digital currencies. Two ECB projects, Pontes and Appia, are cited as steps toward integration.
BoE’s Bailey says second-round inflation effects remain subdued
Bank of England Governor Andrew Bailey signals limited domestic inflation pressure despite energy market volatility. Markets price one rate hike by year-end.
German DAX hits record high after Fed’s Warsh signals rate hike risk
German blue-chip index climbs 0.77% to fresh peak after US central bank chief warns of inflation fight; automakers and chemicals lead gains. Euro Stoxx 50 advances 0.95% as risk appetite persists.
Canada's fiscal deficit narrows sharply in Q1 2026/27 to C$370 mln
Canada recorded a C$370 million budget deficit for the first three months of fiscal 2026/27, down from C$6.28 billion a year earlier. Program spending rose 4.3%, while revenues increased 9.8%.
Bitcoin falls below $79K as Fed’s Warsh signals no shift in inflation stance
Fed Chair Kevin Warsh cautioned that recent softer inflation prints do not indicate a sustained trend, weighing on crypto markets. Bitcoin slipped to $78.4K in volatile trading after his Jackson Hole remarks.
Canada posts C$370 million Q1 deficit as revenues rise 9.8%
First-quarter budget gap narrows sharply from C$6.28 billion year-ago shortfall amid 4.3% spending growth and 9.8% revenue increase.
Brazilian DI rates rise as Warsh signals Fed inflation vigilance
DI futures climb after Federal Reserve’s Warsh says ‘work remains’ on U.S. inflation, lifting bets on tighter policy. Producer prices in Brazil fall 0.83% in July.
U.S. stocks little changed after Fed chair's Jackson Hole remarks
Major indexes hovered near flat after Fed Chair Kevin Warsh said more work may be needed to ensure inflation sustainably returns to 2%. Nvidia, Marvell Technology weighed on gains.
Warsh comments on inflation weigh on U.S. stocks after Nvidia surge
Dow Jones slips 0.09% as remarks by Federal Reserve official Kevin Warsh signal potential rate hike amid persistent inflation concerns. Nvidia-led gains from prior session fade.
Warsh opens keynote at Jackson Hole symposium amid policy debate
Federal Reserve Chair Kevin Warsh signals Fed’s evolving stance on financial innovation and payments policy as core inflation remains above target. Regional Fed presidents dissent on interest-rate stance.
DAX hits record high after Fed’s Warsh remarks on inflation stance
German blue-chip index rises 0.8% to fresh peak of 26,580.64 points, extending 2025 gain to 8.5% as markets weigh Fed’s hawkish tone. Oil retreat and autos rally add support.
Warsh warns Fed must act if inflation stays above target
Federal Reserve Chair Kevin Warsh signals potential rate hikes if inflation remains elevated, as PCE data shows little progress toward 2% target.
Rate-hike expectations rise on Warsh speech at Jackson Hole
Comments from a Federal Reserve official at the Jackson Hole symposium have shifted market expectations regarding future interest rate moves.
Gold rises to three-month high as U.S. inflation, bond jitters persist
Spot gold climbed to nearly $4,700 per ounce amid concerns over U.S. inflation and bond market volatility. Bitcoin also surged past $80,000 for the first time since May.
Bitcoin climbs above $80,000 for first time in over three months
The largest cryptocurrency by market cap reached $81,255 intraday, driven by optimism over U.S. regulatory progress and a weaker dollar. It remains 18% below its January peak.
U.S. stocks fall on hotter-than-expected inflation, Nvidia earnings in focus
Dow, S&P 500 and Nasdaq open lower after August CPI data points to potential Fed rate hike. Nvidia earnings awaited after market close.
U.S. stocks slip at open after hotter inflation data; Nvidia in focus
Dow, S&P 500 and Nasdaq open lower as consumer prices rise more than expected, lifting odds of a Fed rate hike. Nvidia earnings awaited after market close.
Fed rate hike odds rise after July PCE inflation uptick
Probability of a September hike increases to 44% as core PCE holds steady at 3.3% while headline PCE climbs to 3.7%.
Treasury bond buyback plan draws billionaire critique
Stanley Druckenmiller warns the U.S. Treasury’s bond buyback initiative undermines market discipline and fiscal oversight.
Gold rallies as sticky inflation keeps pressure on long-dated Treasuries
PCE data reinforces expectations for prolonged Fed caution, while Treasury buybacks ease long-end yields temporarily. Analyst warns of renewed pressure on the long end.
Brazilian DI rates hold steady as IPCA-15 inflation cools but services accelerate
Short-term DI contracts remain flat near prior session levels, while long-end rates ease modestly. Inflation data shows mixed signals with services inflation still running hot despite headline IPCA-15 easing.
Factors that could prompt a Federal Reserve rate hike
The Federal Reserve has not signaled an imminent change, but several economic conditions could lead to a rate hike.
Brazil’s inflation cools with first monthly drop in a year, IPCA-15 at 4.24% y/y
Consumer prices fell 0.40% on the month, the first decline since August 2025, while annual inflation eased to 4.24%. Central bank’s next policy meeting set for Sept. 15–16.
RBA minutes reveal August debate on rate hike amid inflation risks
Minutes from the Reserve Bank of Australia’s August meeting show policymakers considered a 25-basis-point hike as inflation pressures persisted, despite leaving rates unchanged at 4.35%. September meeting pricing now reflects a 67% chance of a hike by February.
RBA minutes show debate over rate hike amid inflation risks
Minutes from the August RBA meeting reveal a discussion on raising interest rates by 25 bps, as inflation remains above target. Market pricing reflects a 13% chance of a hike by September.
US inflation holds at 3.7% in July; Q2 GDP growth confirmed at 1.5%
Sticky price pressures persist as the Fed's preferred inflation gauge remains above target for 65 straight months. Second-quarter GDP growth was left unchanged in a government revision.
Brazil inflation falls to 4.24% in early August, within target band
Consumer prices declined 0.4% month-on-month, undershooting forecasts as the central bank's fourth straight Selic cut takes effect ahead of September policy meeting.
Italy seeks €8 bln from EU defence fund, eligible for up to €14.9 bln
Rome files request under the EU's SAFE instrument as coalition tensions persist over defence spending amid fiscal constraints and energy cost pressures.
RBA says reserves exceed demand as it shifts to ample liquidity system
Australia’s central bank transitions to a new liquidity framework while noting reserves remain above system needs. Head of Domestic Markets cites uncertainty over timing to reach ample levels.
Czech lower house overrides veto to relax budget deficit rules
Legislation allowing higher spending flexibility passes despite objections over fiscal sustainability risks. Defense and infrastructure projects exempted from deficit calculations.
Trump may get up to four chances to shape U.S. Federal Reserve board
Former U.S. President Donald Trump could influence up to four appointments to the Federal Reserve's Board of Governors before his potential second term ends in 2028. The board's staggered terms limit direct political control.
U.S. personal income rises 0.4% in July, outpacing forecasts
Private consumption and PCE inflation both exceed expectations as U.S. economic data signals resilient spending and sticky price pressures.
U.S. core PCE inflation rises 0.2% in August, matching forecasts
The Federal Reserve's preferred inflation gauge rose in line with expectations, signaling steady but contained price pressures. The dollar held gains after the data.
Dollar consolidates as trade tensions, bond market weigh on greenback
The U.S. currency stabilizes after a volatile session, with U.S.-Canada auto tariffs, Treasury buyback plans and geopolitical risks limiting upside. Focus shifts to U.S. consumer confidence and German Ifo data.
Why the Dollar’s Upcoming PCE Test Could Unsettle the Yield Curve—and What It Means for Euro‑Dollar
As core PCE looms, a retreat in long‑dated yields signals a fragile dollar rally; I argue the data will reshape expectations for Fed policy and the EUR/USD trajectory.
STOXX 600 forecast to rise 2% by year-end in Reuters poll
European benchmark seen hitting record 670 points by December, supported by strong earnings growth and narrowing valuation gap with U.S. equities.
U.S. inflation holds at 3.7% in July, GDP growth steady at 1.5%
Annual PCE inflation matched June’s 3.7% pace as core services and energy prices offset monthly declines. Second-quarter GDP growth was unrevised at 1.5% amid steady Fed policy.
US dollar under pressure ahead of PCE data as yields retreat
Long-dated Treasury yields have fallen after bond buybacks expanded, while oil prices eased; core PCE data will test if disinflation narrative holds.
EUR/USD holds gains above 1.1575 as energy prices ease ahead of Jackson Hole
Euro strengthens on softer oil prices and falling Treasury yields, with core PCE and Fed Chair Warsh’s speech next on the agenda.
Erste Bank warns of widening corporate credit spreads amid ECB rate hike bets
Austrian lender Erste Group flags rising pressure on corporate credit spreads as energy costs and ECB rate expectations drive bond market volatility. Volkswagen’s stock slump highlights sector strain.
U.S. stock futures slip after hotter-than-expected inflation data
S&P 500 and Nasdaq futures dip as July PCE inflation rises 0.2% monthly and 3.7% annually, while Dow futures edge up. GDP growth matches estimates.
Three major Australian banks predict RBA rate hike this year
CBA, NAB and ANZ anticipate another increase after inflation rebound; Westpac holds steady. Markets price 50% chance of September hike.
Dollar edges toward eight-day high on U.S. data, Fed rate hike bets
U.S. economic reports including a smaller-than-expected jobless claims drop and a wider-than-forecast goods trade deficit lifted expectations for a September Federal Reserve rate hike, supporting the dollar near multi-day peaks.
South Korea raises interest rates to 3.00% in back-to-back hike
The Bank of Korea increased its benchmark rate by 25 basis points as inflation remains above target. The move follows a prior hike and aligns with expectations from most economists surveyed.
BOJ’s Himino signals ‘timely’ rate hike amid inflation pressures
Deputy Governor Ryozo Himino warns of upside inflation risks and calls for gradual but prompt policy tightening, with September seen as a potential meeting for action.
South Korea hikes rates to 3.00% as inflation pressures persist
Bank of Korea raises benchmark rate for second straight meeting, projects gradual tightening into 2027 amid price stability concerns. Treasury bond futures gain 0.2 points.
Bank of Japan's Ueda skips Jackson Hole; focus shifts to G20 meeting
BOJ President Kazuo Ueda will not attend the annual Fed symposium, sending board member Naoki Tamura instead. G20 financial leaders' gathering next week now draws increased attention.
Investors await Fed's Warsh to clarify Jackson Hole policy stance
New Fed Chair Kevin Warsh's debut speech at the Kansas City Fed's annual symposium faces scrutiny as markets seek clarity on his inflation and rate guidance approach.
AUD/USD pares gains as dollar rallies despite falling yields
The Aussie dollar slipped after the U.S. Dollar Index surged on Monday, defying declines in long-end Treasury yields and softer energy prices. Technical levels and RBA minutes take focus.
RBA board split on rate hike in August amid inflation risks
Minutes show several members favored a hike to 4.6% but majority opted to hold at 4.35% as inflation pressures eased. Next decision due Sept. 28-29.
Dollar slips as Iran sanctions, Treasury buybacks weigh on FX markets
U.S. dollar retreats from recent highs amid geopolitical risks and Treasury’s expanded bond buyback program. Fed rate hike odds for September ease to 40.1%.
Druckenmiller calls U.S. Treasury bond buybacks a credibility risk
Billionaire investor warns expanded Treasury buybacks risk undermining market trust and distort long-term yields. Move comes as 30-year yield nears two-decade high.
Gold sentiment improves on softer U.S. rate outlook, ETP inflows
Weaker U.S. jobs data and softer GDP growth ease rate-hike fears, while central-bank demand rebounds. Dollar weakness and geopolitical risks add support.
USD/JPY nears 159 as yen intervention fails to reverse trend
The yen remains near multi-decade lows despite Japan’s historic August intervention, with USD/JPY retracing half its post-operation decline. A widening U.S.-Japan rate gap and structural carry trade dynamics sustain pressure.
Tech rout, tariff threats weigh on global markets amid U.S. yield drop
U.S. Treasury yields fell as tech stocks pulled back; Trump threatened 50% tariffs on Canadian autos, while Canada vowed retaliatory measures. Bitcoin held above $80,000.
ECB signals September rate hike after July pause, cites inflation risks
Accounts from the July 22-23 meeting show policymakers prepared for a 25-basis-point increase in September, while corporate lending growth accelerated to 4.4% in July.
Six EU nations push for €400 billion cut to 2028-2034 budget plan
Germany, Denmark, Netherlands and three others seek 'balanced' reductions to the bloc's €2 trillion long-term budget proposal ahead of 2026 agreement deadline.
German stocks rise before Fed's Jackson Hole meeting; chip shares lead gains
DAX gains 0.38% as tech earnings lift semiconductor and software stocks, while eurozone benchmark slips. Fed Chair Warsh's speech on Friday adds uncertainty to near-term trading.
ECB minutes signal likely September rate hike amid persistent inflation
Minutes from July’s ECB meeting indicate further tightening may be required if inflation remains elevated. Markets price in a near-certain rate increase on Sept. 10.
Fed’s Hammack says time may be right for rate hike amid inflation concerns
Cleveland Fed President Beth Hammack signals support for a rate increase, citing persistent inflation above target. Next policy meeting remains weeks away.
Citrini Research forecasts bond rally as U.S. fiscal, Fed policies align
Research firm anticipates a narrowing yield spread between 5-year and 30-year Treasuries by November as Treasury and Fed coordinate debt strategy. Policy shift could drive long-dated bond outperformance.
Sweden lifts 2026 GDP growth forecast to 2.5% ahead of September election
Centre-right coalition raises growth outlook on policy support, citing stronger household finances and lower inflation. Opposition leads in latest polls.
ECB minutes signal stronger case for September rate hike
July meeting minutes and recent data point to growing support among policymakers for a rate increase next month, with risks to inflation remaining tilted to the upside.
ECB signals likely July rate hike after July meeting pause
Minutes show officials prepared to raise benchmark rate to 2.5% from 2.25% as inflation nears 3% and corporate lending surges 4.4%.
Kansas City Fed's Schmid signals further rate hikes despite limited restraint on economy
Jeffrey Schmid, president of the Federal Reserve Bank of Kansas City, stated that current policy rates do not appear to be restricting economic activity, while reiterating support for additional hikes to achieve the 2% inflation target.
Fed’s Warsh faces inflation test as U.S. prices rise again
U.S. inflation remains stubbornly above target ahead of the September Fed meeting, with auto, housing and leisure costs accelerating. New Fed Chair Kevin Warsh must weigh data against political pressures.
Dollar firms as U.S. yields rise, yen and euro lag in thin trade
The greenback advanced against most Group-of-10 peers as rising U.S. Treasury yields lent support, while the yen and euro lagged despite Bank of Japan rate-hike speculation and a bond-buyback rally.
Swiss SMI dips 1% as Nestlé, Novartis, Roche weigh; Gurit surges 10%
Heavyweights drag Switzerland’s blue-chip index lower while Gurit jumps on strong earnings. Investors eye Jackson Hole for Fed clues amid elevated inflation and geopolitical risks.
Eurozone bank credit growth accelerates in July after ECB rate hike
Lending to companies and households in the euro area rose to 4.4% and 3.1% respectively, the fastest pace since early 2023. The increase followed the ECB's first rate increase in nearly three years.
Euro zone bank lending growth accelerates in July after ECB rate hike
Corporate loan growth rose to 4.4% annually while household lending increased to 3.1%, data from the European Central Bank showed. The pickup followed the ECB's first rate increase in nearly three years.
FX market clings to hawkish Fed narrative despite benign data
Traders continue to price in tighter U.S. policy even as inflation progress remains gradual, with positioning increasingly driven by expectations rather than economic necessity.
Dollar steadies ahead of Fed speaker; AUD, CAD diverge
The U.S. currency held firm as traders awaited a pivotal speech by Fed Governor Kevin Warsh, while the Australian dollar gained despite hot inflation data. The Fed's preferred inflation gauge matched forecasts, but growth indicators softened.
Gold slips as Middle East tensions ease; technical break below $4,649 in focus
Gold prices fell for a third session as diplomatic progress in the Strait of Hormuz eased supply risks, while investors await U.S. inflation data and Fed signals at Jackson Hole. Technical support at $4,649 remains critical.
Asian stocks mixed as Nvidia rallies tech, rate hikes weigh
Tech shares led gains after Nvidia's blockbuster earnings, but regional markets were capped by rising rate expectations and central bank tightening. South Korea and Thailand outperformed while Australia lagged.
France’s 2027 budget battle: key risks as deficit pressures mount
Prime Minister Sébastien Lecornu faces a minority government and tight deadlines to pass France’s 2027 budget amid weak growth, emergency spending, and constitutional constraints. A failure to legislate could trigger unprecedented fiscal paralysis.
U.S. Treasury and Fed chiefs clash over who should set the price of money
Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh differ sharply on monetary policy, with Bessent expanding debt buybacks while Warsh advocates letting markets dictate yields. Investors weigh the implications as 30-year rates hit 19-year highs.
Why the Euro’s Three‑Month High May Be a Mirage Amid Dollar Weakness
The euro’s climb to 1.1682 looks impressive, but I argue it rests on a temporary US dollar wobble rather than a durable shift in monetary fundamentals.
ECB’s Schnabel says rates may need to rise further amid inflation risks
ECB Governing Council member Isabel Schnabel warns borrowing costs may need to increase further to bring inflation back to target as energy-driven price pressures persist. Markets seen as aligned with policy guidance.
U.S. Treasury to maintain debt auction schedule despite expanded buybacks
Secretary Scott Bessent says the department will proceed with planned auctions while doubling quarterly bond repurchases starting next month. Buybacks to target 10- and 20-year securities.
Fed Governor Lisa Cook's lawyer rejects Trump's dismissal bid
Attorney for U.S. central bank official argues allegations lack legal merit as White House weighs removal over mortgage contract disputes.
Fed’s Cook’s lawyer rejects White House bid to dismiss her over mortgage fraud claims
Attorney for Lisa Cook says allegations of mortgage fraud lack legal merit as Trump administration seeks her removal. Supreme Court previously blocked similar efforts.
Oil prices fall for third day, easing market jitters ahead of Jackson Hole
Brent crude drops over 2% to $85.43, WTI falls 2.4% to $80.36 as geopolitical risks ease. Fed's Warsh to speak at Jackson Hole as inflation data looms.
Gold holds near three-month highs as investors await PCE data
The metal remains supported by dollar weakness and falling oil prices, with focus shifting to U.S. inflation data and a speech by Fed Chair Warsh at Jackson Hole.
Trump explores Fed reshuffle as Cook case stalls policy influence
White House seeks alternatives to replace Fed Governor Lisa Cook as legal and political hurdles stall removal efforts. Regional bank vacancies and vice chair decisions add to the reshuffle calculus.
Warsh’s Jackson Hole speech awaited as investors seek Fed clarity
Traders look for signals on rate path amid rising bond yields and uncertainty over new Fed Chair Kevin Warsh’s policy stance at the Kansas City Fed’s annual symposium.
Swiss franc hits record high vs dollar after U.S. bond-buying plan
U.S. Treasury’s plan to double long-dated debt purchases fuels franc strength, pushing dollar to new lows. Geneva bank forecasts further depreciation into 2027.
European stocks edge up as Geberit surges on earnings
DAX flat at 26,126 as chip stocks lag; Geberit jumps 8.4% on Q2 beat; ten-year Bund yields hit 11-year high of 3.25%.
UBS-CFA indicator rises but uncertainty over Swiss economy grows
Swiss economic sentiment improves for second month, yet expectations diverge sharply; U.S. outlook darkens while SNB seen holding rates at zero. Euro seen above 0.90 CHF with 79% probability.
ECB's Schnabel signals further rate hikes, lifts euro outlook
Isabel Schnabel warns current ECB rates are insufficient to tame inflation, suggesting a prolonged tightening cycle may follow the September move. EUR/USD gains technical momentum as markets reassess policy path.
Thailand holds benchmark rate at 1.00% as growth weakens
Bank of Thailand keeps policy rate unchanged amid second-quarter GDP contraction and slowing annual expansion. Decision aligns with 30 of 32 economist forecasts.
Brazil’s fiscal outlook remains clouded ahead of October vote
Investors maintain skepticism over fiscal adjustment prospects under either Lula or Flávio Bolsonaro, with debt projections and market outflows underscoring risks. Selic seen at 13.75% by year-end.
Brazil’s October vote pits divergent fiscal paths but debt targets align
Opposing presidential and congressional candidates offer starkly different fiscal strategies, yet both aim to stabilize Brazil’s debt by 2031 amid widening deficits and rising debt ratios.
UBS lifts EUR/SEK price targets on krona yield concerns
Swiss bank raises forecasts for the Swedish currency through mid-2027, citing the krona's low-yielding status despite Sweden's improving fundamentals.
Thailand central bank leaves benchmark rate at 1.00% as growth weakens
Bank of Thailand holds key rate unchanged amid 0.2% quarterly GDP contraction and annual growth slowdown to 1.9%. Decision aligns with 30 of 32 economist forecasts.
Gold extends 25-year bull run as price recovers to near record highs
The precious metal has erased its 2026 losses after a sharp rebound in August, with analysts citing dollar weakness and safe-haven demand. Long-term gains since 2001 exceed 1,600%.
Swiss analyst confidence rises for second straight month: UBS CFA survey
The UBS CFA Indicator climbed 2.1 points to +12.1 in August, marking the second consecutive positive reading since geopolitical tensions flared. Analysts remain split on Swiss growth, while SNB rate expectations stay anchored near zero through mid-2027.
Dollar steadies as softer energy lifts risk appetite; euro gains on ECB hawkishness
U.S. Treasury yields fall 10-15 bps after intervention; energy prices drop 8% in a week. ECB’s Schnabel flags upside growth risks, supporting euro strength ahead of U.S. inflation data.
Swiss real estate risk index falls to lowest in three years, Moneypark says
Moneypark's Real Estate Risk Index dropped to 3.5 points in Q2 2026, driven by stronger PMI, low SNB rates and a slowdown in real price growth, though unemployment and migration weakness remain risks.
Rothschild & Co targets CHF 200 bln wealth AUM in Switzerland by 2027-29
Swiss unit posts record first-half net new money inflows as marquee brand and local acquisitions drive growth, despite headwinds from strong franc and weak rates.
Euro yields fall as oil slides despite ECB hawkish signals
German two-year and 10-year Bund yields dropped after Brent crude dropped over 2.5% to near $86 a barrel, offsetting ECB warnings on inflation risks.
European bond yields fall as oil drop offsets ECB hawkish signals
German 10-year Bund yield slips below 3.2% as Brent crude falls over 2.5% on Middle East ceasefire hopes, despite ECB warnings of further rate hikes.
Bitcoin climbs above $80,000 as dollar weakens on fiscal concerns
Cryptocurrency extends surge on bets against U.S. dollar debasement after Treasury’s bond buyback plans. Bitcoin’s weekly gain exceeds 22% amid broad short-covering.
Gold hits three-month high as Treasury intervention, trade risks lift demand
Bullion rises 0.2% as U.S. debt surge and geopolitical tensions underpin safe-haven flows. Brent crude falls 5% on ceasefire report.
Germany's budget deficit hits 3.1% of GDP in H1, breaches EU limit
Deficit surges to €71.3 billion as federal shortfall widens by €29 billion year-on-year, driven by defense spending and subsidies. Rising borrowing costs compound fiscal strain.
U.S. housing, confidence data due Tuesday as markets eye Fed outlook
Building permits and new home sales forecasts point to a modest rebound in construction, while consumer confidence is expected to slip slightly. Richmond Fed’s Barkin also scheduled to speak.
Citadel warns U.S. Treasury bond buybacks may weaken dollar
Citadel Securities says expanded buyback program could fuel inflation and pressure the greenback as long-term yields remain elevated.
Brazil’s Galípolo flags credit growth risks amid rising household debt
Central bank chief acknowledges debt expansion as credit stimulus broadens access but warns of rising unsecured borrowing costs and defaults. Private payroll loans a key driver.
U.S. stocks slip as Iran tensions weigh on markets
S&P 500 and Nasdaq retreat on escalating geopolitical risks; tech sector leads declines amid U.S. warnings on Iran. Dow Jones edges higher.
Oil slide eases pressure on stocks as AI rebound takes hold
Crude fell sharply on softer geopolitics, easing long-end yields and lifting tech shares. Nvidia’s seven-day losing streak ended as the macro backdrop turned less punishing.
German finance minister ties bond yield surge to Iran conflict
Lars Klingbeil links Germany’s 30-year bond yield rise to geopolitical uncertainty from U.S.-Iran tensions. The yield hit 3.79%, the highest since 2011.
Bitcoin holds near $77,000 as XRP and Zcash retreat after weekly rally
Bitcoin remains steady near $77,000 following a 22% weekly gain, while XRP and Zcash pull back after their own rallies.
EUR/USD reversal signals emerge as US long-end yields weigh ahead of Bessent remarks
Technical indicators warn of potential pullback after back-to-back gravestone dojis, while US Treasury plans and Fed dynamics shape near-term direction.
US stocks mixed as oil dips, SMI extends losses; ABB falls, Richemont rises
U.S. benchmarks diverge with Dow up 0.1%, S&P 500 down 0.3% and Nasdaq 100 down 0.6% as Brent crude drops 1.1% to $93.10. Swiss SMI falls 0.47% with ABB leading decliners and Richemont among top gainers.
Intel shares fall 5.4% after $20 bln equity offering expansion
Shares drop below $95 offer price amid $20 bln capital raise and concerns over near-term free cash flow. Broader tech sector also declines.
Moody’s affirms Philippines Baa2 rating on fiscal consolidation progress
Ratings agency maintains investment-grade rating with stable outlook as Manila narrows deficit and stabilizes debt burden despite near-term pressures.
Moody’s affirms Sri Lanka’s Caa1 rating with stable outlook
Ratings agency cites progress under IMF program but warns of lingering fiscal and external vulnerabilities. Debt burden remains near 95% of GDP in 2026.
S&P 500 tests key support ahead of PCE data, Nvidia earnings, Jackson Hole
The S&P 500 is testing a critical support zone between 7,540 and 7,620 as investors await U.S. inflation data, Nvidia's earnings, and the Federal Reserve's Jackson Hole symposium.
Brazil’s central bank weighs steps to curb household debt surge
Central bank chief Gabriel Galipolo flags rising non-mortgage debt and delinquencies as policymakers consider macroprudential tools. Measures under review aim to balance credit access with borrower discipline.
Wall Street set for Nvidia earnings, Fed’s Jackson Hole as August volatility returns
U.S. stock benchmarks slipped last week but face key catalysts this week: Nvidia’s Q2 results and Federal Reserve commentary at Jackson Hole. Treasury yields rose as rate-hike odds firmed.
Global markets await U.S. data as trade tensions weigh
Wall Street slipped Monday as Canada's dollar fell after new U.S. tariffs took effect. Investors brace for a data-heavy week including Nvidia earnings and U.S. housing figures.
Truflation sees July core PCE at 0.2%, rules out Fed hikes in 2025
Forecasts steady headline and core PCE inflation for July while dismissing near-term interest rate increases. Retail sales fall as consumer caution grows.
Citi sees limited scope for dollar rebound after Warsh’s Jackson Hole speech
Federal Reserve Chair Kevin Warsh’s remarks at the annual symposium are unlikely to reverse the dollar’s recent decline, according to Citi strategists, who maintain a bearish FX outlook despite potential hawkish signals.
Jackson Hole preview: Rate hike bets to test gold, dollar and yields
Assets from gold to Treasuries are set to react as markets brace for Fed Chair Kevin Warsh’s speech and a key inflation report. Citi warns gold’s recent surge may be vulnerable to a hawkish surprise.
RBI buys $561 million in forex market in June amid rupee stabilization
Central bank purchases $30.89 billion and sells $30.33 billion in June, reversing prior months' net sales as inflows reach $73 billion. Rupee steadies after record low in May.
U.S. private payrolls rise to 11,750 per week, ADP data shows
Private employers added 11,750 jobs weekly in the four weeks to Aug. 8, up from 9,500, as hiring accelerated for a second straight week. Labor market data revisions show 103,000 fewer jobs than previously reported in May and June.
Pound steadies as U.S. Treasuries prop up dollar ahead of Jackson Hole
Sterling held near 1.3634 against the dollar as U.S. yields rose, while the euro eased to 1.1663. ING sees EUR/USD drifting toward 1.160 and EUR/GBP toward 0.870.
Pound steadies as firmer U.S. yields lift dollar
Sterling held near flat against the dollar as rising U.S. Treasury yields supported the greenback. Analysts cite subdued trading ahead of key risk events later in the week.
GBP/USD holds near 2024 highs ahead of Jackson Hole, Iran sanctions
Sterling remains supported by dollar weakness and UK data strength, but geopolitical risks and upcoming Fed signals could shift the near-term outlook.
Hungary sets 7.5% budget deficit target amid drought and energy crisis
Finance Ministry cites inherited fiscal challenges and crises as it targets a wider deficit, with debt projected to rise to 77.5% of GDP in 2024.
Gold rises above $4,650 as dollar weakness fuels bullish momentum
Analysts identify $4,680–$4,720 as the next critical resistance zone after spot gold reached a three-month high. Technical and fundamental factors, including Fed policy expectations and central-bank demand, support the uptrend.
Asian currencies slip as dollar strengthens on Iran sanctions, U.S. yields
Japanese yen and South Korean won lead declines as dollar index rises; U.S. Treasury to expand long-term bond buybacks from September. Iran sanctions add geopolitical pressure.
Truflation forecasts July core PCE at 0.2% MoM, Fed seen on hold through 2026
U.S. core inflation expected to rise 0.2% month-over-month in July, while Truflation projects the Federal Reserve will forgo rate hikes for the remainder of the year amid mixed economic signals.
Eurozone PMI, inflation data support ECB rate hike bet
Eurozone business activity expanded in August, while inflation rose to 2.9% y/y, reinforcing expectations for a September ECB rate hike. Barclays expects a 25 bps increase.
Brazil 2026 GDP growth forecast cut to 1.95% in latest central bank survey
Analysts trimmed Brazil's 2026 GDP growth outlook to 1.95% from 1.98% in the latest weekly central bank survey. Inflation projections for 2026 and 2027 were largely unchanged.
Wall Street set for modest losses as Iran tensions, Fed meeting loom
Dow Jones seen down 0.1% ahead of Nvidia earnings, Jackson Hole symposium and U.S. sanctions on Iran. Tech sector leads early declines.
Citadel warns Treasury bond buybacks may weaken dollar
Citadel Securities cautions that expanded U.S. long-dated Treasury buybacks could ease financial conditions and stoke inflation by depressing the dollar.
Gold tests $4,655 resistance as dollar, yields weigh on outlook
Metal climbs for third straight week but faces technical hurdles above $4,655 and $4,800. Dollar softness and debt concerns underpin gains despite rising Treasury yields.
U.S. Treasury’s $950B cash pile seen fueling surge in long-bond buybacks
Expanded buyback program, starting Sept. 9, aims to stabilize 30-year yields near 19-year highs. Treasury Secretary Bessent signals broader toolkit amid geopolitical bond-market volatility.
Hedgefonds erhöhen Dollar-Shorts vor US-Anleihenrückkaufplan
Investoren setzen auf Dollar-Schwäche, ausgelöst durch US-Finanzminister Bessents Ankündigung von Anleihenrückkäufen. Greenback fällt auf 0,8027 Franken nach Kursverfall.
Gold rallies to three-month high on weak U.S. jobs data, debt surge
Technical breakout above $4,000 per ounce coincides with dovish Fed expectations and record U.S. debt levels, fueling safe-haven demand. Analysts see scope for further gains to $5,000.
Brazil’s banks urge fiscal discipline as public debt nears 82% of GDP
Major Brazilian lenders warn of unsustainable debt trajectory amid rising deficits and call for structural reforms ahead of elections.
Gold tests double top as bearish momentum builds amid U.S. Treasury actions
Futures briefly topped $4,738 an ounce before pulling back as sanctions announcement looms; technical resistance and Treasury bond-buying program weigh on outlook.
Swiss equities slip as SMI lags; Roche, Novartis weigh; Richemont gains
Swiss benchmark SMI falls 0.25% to 14,423 as Roche and Novartis slide, while Richemont leads gains. US futures point to a softer open after a mixed week.
U.S. 30-year Treasury yield draws investor scrutiny amid global bond rout
Long-end U.S. yields remain a focal point as global peers hit multi-decade highs. Analysts warn against excessive pessimism despite rising fiscal concerns.
Moody’s affirms Philippines’ Baa2 rating with stable outlook
Rating agency cites fiscal consolidation efforts and resilient funding access as key strengths, while warning of debt affordability pressures and climate risks.
Moody’s lifts Pakistan’s sovereign ratings to B3 from Caa1
Upgrade reflects improving external buffers and fiscal metrics amid macroeconomic stabilization, though debt affordability remains a key constraint.
JPMorgan sees steady stock gains into year-end with sector rotation
Bank maintains positive stance on equities amid Fed patience and AI-driven investment demand, favoring quality growth and semiconductors.
Gold surges to 14-month high on dollar weakness, Bessent remarks
The yellow metal hit its highest level since June 2023 after a sharp drop in the U.S. dollar, with support from a Treasury debt buyback announcement. Analysts warn the rally may be overextended.
JPMorgan maintains constructive equity view, sees gradual gains with rotation
Strategist Fabio Bassi cites sector rotation, strong semiconductor recovery and long-term yield dynamics as drivers of a measured rally through year-end. Fed policy debate remains unresolved.
Bond yields rise ahead of Warsh’s Jackson Hole debut
Federal Reserve Chair Kevin Warsh faces pressure to address surging Treasury yields and inflation expectations at this week’s annual symposium.
DAX holds above 26,000 as investors await Nvidia and Fed cues
German blue-chip index steadies near 26,134 points after Friday’s rebound, but faces resistance toward record highs amid key macro and earnings events this week. Semiconductor and auto shares lag while materials gain.
Wolfe warns rising yields may curb AI capital spending
Analysts flag pressure on tech firms as U.S. yields climb ahead of Nvidia earnings and Jackson Hole; Wolfe sees risk to high-leverage AI beneficiaries.
Eurozone PMI rises as inflation pressures ECB rate path
Euro area business activity improved in August, but rising energy costs and sticky core inflation may limit the ECB's scope for further tightening beyond September.
Wolfe warns AI spending at risk as U.S. yields rise on Fed policy shifts
Analysts flag higher borrowing costs for tech firms financing AI expansion as Treasury yields climb. Nvidia earnings and Fed commentary loom.
U.S. Treasury’s buyback plan struggles to durably lower long-term yields: Barclays
Barclays warns the Treasury’s expanded long-end buybacks face an uphill battle to sustainably reduce yields amid structural pressures, including fiscal deterioration and AI-driven bond demand.
EUR/USD hits 1.1700, highest since May, as dollar weakens
Euro gains ground on improving eurozone data and US Treasury bond buyback expansion, while technical levels suggest limited upside ahead of key US economic releases this week.
Barclays flags S&P 500 gains ahead of Fed hikes, small-caps lag
Analysis of five past rate-hike cycles shows the S&P 500 rose 2.2% in the three months before the first Fed move, while energy and industrials led sectors. Small-caps fell 7.2% in the quarter after tightening began.
Dollar slips as U.S. policy risks weigh ahead of key data and speeches
U.S. currency weakens near recent lows as investors weigh fiscal and trade policy developments, including new Iran sanctions and Treasury auctions. EUR/USD seen consolidating above 1.1660 support.
Small caps, energy outperform ahead of Fed hikes, study shows
Analysis of five past Fed tightening cycles finds small caps and energy stocks lead gains before rate hikes, while financials lag after the first move. Value factors tend to outperform growth during the shift.
UBS sees Swiss rents rising despite record-low reference rate
Swiss mortgage reference rate to stay at 1.25% through 2027, but new rental contracts remain 15% higher than five years ago as supply tightens.
Ray Dalio urges 15% gold allocation as US debt policy sparks dollar, yield fears
Gold hits three-month high above $4,640/oz as Treasury yields fall and dollar weakens on surprise U.S. debt-buyback expansion. Dalio flags debt crisis hedge.
Gold options surge as fiscal risks fuel hedge demand, analysis suggests
Renewed interest in gold call options reflects mounting U.S. fiscal concerns and Treasury intervention, with dealers potentially amplifying price moves near key strike levels. Analysis highlights a $4,700–$5,000 'convexity zone' where hedging flows could intensify.
Jackson Hole looms as U.S. Treasury, Fed policy shift into focus
Fed Chair Warsh’s Jackson Hole speech and Treasury’s expanded bond buyback program frame a pivotal week for U.S. policy and markets. The dollar weakens as yields face pressure.
USD/JPY stuck in 158-159.78 range as US curve tensions persist
Yield differentials with Japan and Treasury’s efforts to cap long-end borrowing costs keep the dollar-yen pair range-bound. Fed’s Warsh faces a policy dilemma ahead of Jackson Hole.
Bitcoin holds above $77,000 as U.S. crypto regulation hopes lift market
Cryptocurrencies extended gains after Trump urged approval of the Clarity Act and the U.S. Treasury signaled expanded bond purchases. Ether, Solana and others also rose.
DAX seen lower as investors eye Nvidia earnings, Iran sanctions and Jackson Hole
German blue-chip index expected to slip 0.2% at open as geopolitical risks and key U.S. events weigh on sentiment. Support at 26,000 and 21-day line in focus.
Why the Dollar’s Three‑Month Lull Is a False Calm for Asian FX
The greenback’s near‑mid‑May lows have left Asian currencies perched on a knife‑edge, with policy divergences and trade frictions shaping the next move.
U.S. stock futures flat after weekly declines; Nvidia, Jackson Hole in focus
S&P 500, Nasdaq and Dow futures held steady after last week's losses as investors await Nvidia earnings and the Federal Reserve's Jackson Hole symposium. Brent crude remained above $93 per barrel amid geopolitical tensions.
Wall Street futures steady after weekly losses; NVIDIA, Jackson Hole in focus
S&P 500, Nasdaq and Dow futures trade little changed after declines wiped out three-week winning streaks. NVIDIA earnings and Fed remarks at Jackson Hole next in focus.
BCA Research flags unfavorable long-term outlook for U.S. equities
Chief Economist Peter Berezin warns that while near-term stock gains are possible, structural headwinds and weak productivity growth point to a challenging long-term environment. AI investment costs and Fed policy uncertainty compound risks.
Japan stocks mirror late-2023 rally amid U.S. bond repurchase shift
Bank of America flags selective opportunities in Japanese equities as Treasury raises repurchase limits, while yen weakness and Middle East tensions shape the market backdrop.
Japan’s stock market mirrors late-2023 setup as BOJ hikes loom
Nikkei 225’s recent pullback and U.S. Treasury buyback expansion echo late-2023 conditions, with BOJ policy shifts and yen weakness shaping the outlook.
Fed’s Kashkari says rising Treasury yields not a policy concern
Minneapolis Fed President Neel Kashkari dismisses rising U.S. Treasury yields as a factor in monetary policy decisions, citing adequate market liquidity. Comments follow July dissent on rates amid persistent inflation concerns.
Turkey’s central bank to restart one-week repo auctions
The Turkish central bank will resume weekly repo operations at its 37% policy rate, ending a suspension tied to inflation risks from regional conflict. Governor Fatih Karahan said conditions had improved.
Kashkari says elevated U.S. Treasury yields not a policy concern
Minneapolis Fed chief downplays 10-year yield near 4.73% and 30-year at highest since 2007, citing ample liquidity and historical precedent.
Fed study links crypto ownership to return expectations, volatility
Researchers find crypto investors' beliefs about future returns, shaped by past performance, drive market behavior more than demographics or risk tolerance.
Bitcoin falls below $77,000 as mining economics strengthen
Bitcoin slipped 0.8% to $76,536 as hashprice surged 20.4% in four days, lifting miner revenue to $682.7 million in August. The network’s computational power neared one zettahash.
Dollar outlook hinges on UST buybacks and Fed credibility, BofA says
Stronger U.S. Treasury buybacks and policy credibility concerns weigh on the greenback, with gold and franc outperforming as investors reassess dollar fundamentals.
Japan’s Trade Gap Shrink Signals a Subtle Shift for the Yen
A 23% export surge helped narrow Japan’s July trade deficit, but the impact on the yen and BOJ policy is more nuanced than a simple rally.
U.S. jobless claims fall to 206,000, below forecasts
Initial claims dipped to 206,000 last week, while continuing claims rose to 1.799 million. The data suggests a stable labor market despite July's unexpected payroll decline.
Japan's core CPI rises to 1.8% in July, still below BOJ target
Japan's core consumer prices rose for a third straight month in July, though inflation remains below the Bank of Japan's 2% target, reinforcing expectations for a rate hike by September.
Pound seen rising as yield gap with euro widens, UBS forecasts
UBS expects sterling to strengthen against the euro to 0.85 by late 2027, citing a 1.5 percentage point yield advantage and fading risk premiums. ECB’s final hike in September may reinforce the trend.
U.S. Treasury buybacks fail to curb global bond selloff as yields near multidecade highs
Treasury’s $4 billion buyback program provides only temporary relief as 30-year yields approach 19-year peaks amid fiscal deficits and hawkish central bank signals.
Dollar hits 3-month low as yen steadies after intervention; Treasury steps in on bonds
The U.S. currency fell to its weakest since May as Treasury intervened in long-dated debt markets, while the yen stabilized after Tokyo’s prior intervention. Regional currencies diverged amid oil price surges and divergent growth outlooks.
Yen intervention by U.S. Treasury Secretary Bessent sparks debate on policy shift
The yen’s recent gains follow joint U.S.-Japan intervention, but analysts question whether the move signals a lasting policy reversal amid persistent undervaluation and structural headwinds.
Gold advances 5.6% weekly as dollar weakens, Treasury yields surge
Spot gold hits $4,617/oz as U.S. dollar slides and 30-year Treasury yield reaches 19-year high, while Treasury ramps up long-dated debt buybacks.
UBS sees pound strengthening on yield advantage, targets EUR/GBP at 0.85 by 2027
British pound expected to outperform euro as 1.5 percentage-point yield gap supports short-covering and economic momentum. UBS warns UK fiscal policy remains key risk.
Bank of America advises clients to buy NZD/USD at 0.5957
BofA sets a 0.62 target and 0.58 stop-loss for the NZD/USD pair as it pares short dollar positions amid shifting risk distribution and RBNZ hawkishness.
BofA warns U.S. dollar could fall if Treasury bond intervention fails
Bank of America’s Michael Hartnett cautions that a failure to cap 30-year yields below 5% could weaken the dollar, while global equity inflows hit a three-week high.
U.S. services sector drives faster business activity, S&P Global PMI shows
U.S. services PMI rose to 56.8 in August, the highest since December 2024, while the composite index hit 56.0, the strongest since April 2022. Manufacturing PMI fell to a five-month low of 53.2.
Japan's core inflation accelerates to 1.8% in July, BOJ seen hiking rates
Underlying price pressures rose for a second month as yen weakness and Middle East tensions lifted energy costs. The Bank of Japan is expected to raise rates in September.
Eurozone business activity growth hits highest since November as PMI rises
Eurozone composite PMI rose to 52.1 in August, exceeding expectations and marking the strongest expansion since November 2025. Manufacturing led gains while services held steady, with hiring resuming after three years.
Japan PM links inflation, bond yields to economic growth
Prime Minister Sanae Takaichi says rising prices and bond yields reflect Japan’s expanding economy, while vowing to prioritize wage growth and fiscal stability.
Euro zone wage growth slows in Q2, ECB data shows
Negotiated wages rose 2.44% in the three months to June, down from 2.56% in Q1, according to European Central Bank figures released Friday.
Bitcoin’s institutional adoption reshapes price dynamics amid macro headwinds
ETF inflows validate structural adoption, but inconsistent flows and rising Treasury yields cap upside despite halving expectations.
30-year Treasury yield tops 5.33%, outpacing dividend stocks by 2.2 points
The gap between the 30-year Treasury yield and dividend stock yields has widened to 2.2 percentage points, the widest since 2007. History suggests divergent paths ahead for bonds and equities.
BofA flags stable CTA Treasury shorts, rising EUR/USD short-cover risk
Bank of America notes U.S. Treasury futures positioning remains heavily short with limited near-term cover risk, while slower-moving trend followers face pressure to reduce stretched EUR/USD short bets as the dollar weakens.
U.S. economic data due Monday: Chicago Fed index, Treasury bill auctions
Chicago Fed activity gauge and $50 billion in 3- and 6-month Treasury bill sales headline Monday’s U.S. data slate. Previous readings show modest contraction and steady yields.
Gold rallies to 3-month high on fiscal risks, ETF inflows
The metal has climbed from July lows near $4,000/oz to around $4,600/oz, supported by U.S. Treasury buyback expansion and renewed ETF demand. Persistent inflation and potential Fed tightening remain key risks.
Euro zone bond yields steady as U.S. yields climb after volatile week
German 10-year bund yield holds near 15-year high at 3.2572% as U.S. 2-year yield rises 9 bps. U.S. Treasury intervention offers temporary relief amid global bond market turbulence.
Markets price sharper ECB rate hikes as hawkish bets rise
Traders lift deposit-rate wagers to near 3% by late 2027, with a September increase seen as the next step. Oil and gas markets remain elevated amid Middle East tensions.
SNB’s Tschudin says negative rates remain an option in Switzerland
Swiss National Bank director Petra Tschudin cites anchored inflation expectations and a stable CPI basket as key factors behind record-low inflation. The central bank retains all policy tools, including sub-zero rates, to meet its 0-2% inflation target.
U.S. 30-year Treasury yield hits 15-year high as bond selloff deepens
Yields surge past 5.3% amid rising debt costs and geopolitical risks; Treasury to expand buyback operations to $4 billion per auction.
TSX futures rise 0.5% as bond yields surge; retail sales beat forecasts
Canadian equities advanced as Ivanhoe Mines and lithium-linked stocks surged, while U.S. Treasury yields hit multi-year highs amid debt concerns. Retail sales in Canada grew 0.6% in June.
UBS raises S&P 500 EPS forecasts, lifts index targets on AI and resilient growth
Strategists at UBS increased 2026 and 2027 earnings forecasts for the S&P 500 by 4.5% and 6.7% respectively, citing broad-based earnings strength and AI-driven productivity gains. The bank also raised its year-end 2026 target to 8,100.
U.S. national debt surpasses $40 trillion for first time
Total public debt reaches $40.047 trillion as borrowing accelerates under Trump and Biden administrations amid rising deficits and Treasury bond yields.
Swiss franc overtakes yen in carry trade as SNB cheers shift
The Swiss franc has become the preferred funding currency for new carry trades, displacing the yen as global investors seek lower volatility and stable yields. The shift benefits the SNB and Swiss exporters amid a fragile market backdrop.
UBS lifts UK earnings growth forecast to 16% for 2026, flags supportive equity backdrop
Investment bank upgrades 2026 UK earnings growth outlook to 16% from 11%, citing strong commodity prices and improving cyclical momentum. FTSE 100 target raised to 11,500 by mid-2027.
Barclays flags fiscal dominance as top market risk amid rising bond yields
Barclays warns of growing fiscal dominance as long-end yields climb, with French OAT spreads near post-pandemic highs and U.S. Treasury buybacks offering limited relief. Oil above $90 a barrel and euro strength underscore market jitters.
Nvidia earnings, Jackson Hole to test AI-driven market rally
Nvidia's quarterly results and Fed Chair Warsh's Jackson Hole speech will test the durability of the AI-fueled stock rally amid surging bond yields and shifting rate expectations.
Hormuz Tensions Reset the FX Carry‑Trade Landscape
Escalating US‑Iran friction and a near‑halt in Strait of Hormuz oil flows are reshaping risk sentiment, reviving safe‑haven funding currencies and forcing a rethink of high‑yield carry trades.
Swiss equities set for weekly close lower as global debt fears weigh
All 20 SMI components trade lower in pre-market amid rising U.S. debt concerns and expanded Treasury issuance. SIX exchange's Pfingstweidstrasse headquarters in Zurich.
China to bolster slowing economy with further fiscal measures
Vice Finance Minister Liao Min outlines plans to accelerate budgeted infrastructure spending and deepen tax reforms. Central bank maintains accommodative stance without signaling rate cuts.
Bank of Korea signals cautious approach to upcoming policy decisions
Senior Deputy Governor Kwon Min-soo emphasizes flexible, careful monetary policy amid inflation pressures and won strength. Next decision due August 27.
Fed’s stock valuation model regains relevance as Treasury yields rise
Yardeni Research’s model, comparing S&P 500 earnings yield to 10-year Treasury yield, signals equities may be fairly valued after years of disconnect. Model’s historical accuracy improves as QT unwinds bond-market distortions.
Banco de Bogotá posts double-digit ROE in Q2 2026 despite macro headwinds
Colombia’s largest bank reported COP 390 billion net income for Q2 2026, driven by higher loan yields and NIM expansion, while full-year ROE guidance was trimmed to 7%-8% due to integration costs from the Itaú acquisition.
UBS lifts EUR/USD target to 1.20 on Fed-ECB policy split
Swiss bank upgrades forecast as U.S. rate hike odds fade and ECB tightening path firms, lifting stop-loss to 1.15.
US stocks set for losses as Walmart drags, yields rise
Walmart shares fall 6% on weak U.S. sales; Dow, Nasdaq seen opening lower as Treasury yields climb and oil prices advance. Deere outperforms on upbeat outlook.
German DAX falls below 26,000 points amid energy and rate pressures
The German blue-chip index slipped 0.65% to 25,921 points, extending losses as rising oil prices and bond yields weighed on sentiment. The Euro Stoxx 50 and MDax also declined.
Philadelphia Fed Manufacturing Index jumps to 47.4 in August, far above forecast
U.S. factory activity growth surged in August, with the Philadelphia Fed’s gauge rising to 47.4 from 41.4 the prior month, handily beating expectations of 24.1. The rebound signals resilient manufacturing momentum amid broader economic expansion.
U.S. 10-year Treasury yield rise undermines yen intervention efforts
Treasury Secretary Scott Bessent’s coordinated yen-buying operation faces pressure as long-dated yields surge, lifting USD/JPY off intervention levels. BOJ rate hike odds climb to 76% for September.
Brazil to keep fiscal framework if Lula wins second term
Finance Minister Dario Durigan says spending controls and revenue recovery will continue under current framework if President Lula da Silva secures reelection in October. Central bank holds rates at 14%.
Brazil to maintain fiscal framework under Lula’s new term, finance minister says
Finance Minister Dario Durigan reaffirms commitment to spending restraint and the fiscal framework, citing a 2% of GDP fiscal effort. Congress discussions target 10 billion reais in 2027 cuts.
Fed liquidity promises, dollar weakness could determine bitcoin's next move
Market focus turns to Federal Reserve signals and the dollar's direction as bitcoin awaits its next directional cue.
PostFinance posts lower half-year profit amid revenue decline
Net income fell 6% to 103 million francs as interest income dropped, offset by cost cuts and a Swissquote stake sale. Customer assets rose to 117.5 billion francs.
U.S. national debt tops $40 trillion as servicing costs near $1.4 trillion
Crossing the $40 trillion mark, the U.S. faces rising debt servicing expenses and elevated Treasury yields, with projections pointing to $50 trillion by 2029. Market intervention has done little to curb structural pressures.
GBP/USD rallies as dollar weakens on Fed rate expectations
Sterling gains 0.26% after breaking above 1.36, as U.S. data fuels bets the Federal Reserve will hold rates in September. UK inflation and pay growth fail to bolster pound amid neutral domestic backdrop.
Bank of America warns of market fallout if U.S. bond plan fails
BofA strategist Hartnett sees dollar weakness and increased short bets on risk assets if 30-year Treasury yields stay above 5%. S&P 500 drops 1.9% amid bond-market volatility.
Trump denies directing bond market intervention
The former president stated he did not instruct an aide to influence U.S. Treasury yields.
BOJ’s July 2027 meeting timing fuels speculation on rate hike timing
The Bank of Japan’s next policy meeting, scheduled for July 21-22, 2027, coincides with the expiration of two hawkish board members’ terms, raising questions about the central bank’s normalization strategy.
Gold rises as Trump escalates economic pressure on Iran
U.S. sanctions threat against Iran lifts gold, oil prices; Fed rate-hike odds remain low ahead of Jackson Hole. Analysis flags technical resistance and profit-taking risks.
U.S. Treasury's Bessent to outline Iran sanctions plan on Monday
Secretary Scott Bessent will detail planned measures against Iran and Treasury bond buybacks at a press conference. Bond yields surged before partially reversing after Wednesday's support announcement.
Gold rallies past $4,500 as dollar weakens; analyst sets new targets
Analyst flags $4,500 breakout as U.S. Treasury bond support triggers short covering; outlines resistance and downside scenarios with updated price levels.
Dollar under pressure as U.S. Treasury signals long-end support
Treasury’s expanded bond buybacks signal Washington’s willingness to curb long-end yield surges, reducing a key dollar tailwind and shifting pressure to FX markets.
Pound gains 0.25% as dollar weakens on U.S. Treasury buyback signal
Sterling rose to $1.3640 after the U.S. Treasury announced a $2 billion long-end bond buyback to curb rising yields. Dollar index fell toward 98.65 as yields declined.
Semiconductor stocks slump as 30-year Treasury yield hits 17-year high
Chip sector falls 7% in two sessions despite strong earnings from Analog Devices, as rising long-term borrowing costs weigh on growth valuations.
PostFinance profit falls 6% in H1 2026 as net interest income weakens
Swiss bank’s net profit declined to 103 million francs despite 9% growth in non-interest customer assets and a doubling of new inflows into investment products.
US-Anleihe-Rückkäufe bremsen Zinsanstieg, doch Schuldenängste bleiben
Die US-Regierung verdoppelt Rückkäufe langlaufender Anleihen auf mindestens vier Milliarden Dollar, um den Anstieg der Renditen zu dämpfen. Analysten erwarten jedoch nur eine vorübergehende Wirkung, da strukturelle Schuldenprobleme fortbestehen.
Asia stocks slip on the week as bond yields, oil remain elevated
Regional equities end lower amid persistent inflation pressures from elevated crude prices and U.S. Treasury yields near multi-year highs. Dollar index hits three-month low.
Global bond yields ease from multi-decade highs after U.S. Treasury buyback boost
U.S. 10-year Treasury yield pulled back from overnight lows while Japanese and European sovereign bonds rallied after Treasury expanded long-end buyback capacity. Brent crude held above $91 a barrel amid Strait of Hormuz shipping disruptions.
U.S. debt tops $40 trillion as Fed minutes, Iran tensions lift markets
Fed minutes show dissent on rates as U.S. debt surpasses $40 trillion; Brent crude rises on geopolitical risks while Walmart's ad unit growth supports retail shares.
U.S. Treasury intervention lifts risk assets, weighs on dollar
Longer-dated U.S. Treasury yields fell 10 bps after an unscheduled announcement, easing pressure on equities and high-beta currencies. Analysts cite a new 'Bessent Put' as a tactical shift in Treasury oversight.
Sweden’s Riksbank holds key rate at 1.75%, flags possible hike
Central bank leaves benchmark rate unchanged but warns it may tighten policy before year-end if inflation pressures persist. Decision aligns with market expectations.
U.S. debt surpasses $40 trillion amid debate over Bitcoin's role
Record federal borrowing fuels renewed discussion on Bitcoin as a potential hedge against currency debasement and rising long-term yields. Treasury buybacks provide temporary relief as crypto markets rally.
German DAX slips 0.34% in early trade as oil, yields weigh
European stocks opened lower Thursday as rising oil prices and bond yields pressured the DAX, while gains in Continental and Sartorius were offset by losses in Brenntag and Ströer.
Truist lifts gold rating to neutral on rate outlook and dollar softening
Analysts cite stabilizing real yields, central bank demand and technical breakout as gold recovers from 15% drawdown. Upgrade follows softer U.S. data and Treasury buyback expansion.
European stocks hit August lows as bond yields surge, central banks stay hawkish
Stoxx Europe 600 extends losing streak to seven sessions amid rising long-term yields and hawkish central bank signals. Novonesis leads gains after strong earnings.
Wall Street opens higher after Thursday selloff, weekly losses still likely
U.S. stock indexes advanced at the open on Friday but remained set to post weekly declines as rising Treasury yields and geopolitical risks undermined investor confidence.
German DAX seen little changed as energy costs, yields weigh
Outlook for Frankfurt stocks points to muted trading as higher oil prices and rising bond yields offset regional tech rebounds. Sartorius gains on UBS upgrade.
Gold, silver surge to records; traders weigh profit-taking risks
Precious metals hit historic peaks in Asian trading as momentum buying accelerates, but intraday volatility and crowded positioning raise the odds of a sharp correction ahead of the U.S. session.
Bitcoin and gold hit multi-week highs as U.S. yields fall
Bitcoin surged past $69,000 while gold topped $2,480 per ounce after U.S. Treasury signaled support for long-dated bonds. Lower yields and a weaker dollar drove the rally.
Gold extends streak toward third weekly gain on safe-haven demand
Metal holds gains near $4,500/oz after U.S. Treasury debt buyback plan fuels yield and dollar drop; technical levels point to $4,660 if support holds.
U.S. Treasury doubles buyback operations as Fed policy focus shifts
Upsized Treasury buybacks for 10-30 year debt may test the Fed's dominance in shaping long-term borrowing costs amid inflation and fiscal pressures.
Bitcoin hits 10-week high as U.S. Treasury bond buybacks ease yields
Cryptocurrency rises above $69,800 as falling long-term Treasury yields reduce opportunity cost of holding non-yielding assets. U.S. Treasury's expanded buybacks signal concern over 30-year bond selloff.
Fed minutes signal bias toward rate hike as Trump urges cut
Minutes from the July Federal Reserve meeting show growing support for higher rates amid persistent inflation, while President Trump reiterates calls for a reduction to ease U.S. debt costs.
U.S. Treasury doubles bond buyback program to $4 billion amid rising yields
Program expansion targets 10- to 30-year Treasuries as borrowing costs climb. Treasury Secretary Bessent signals potential further increases.
U.S. Treasury doubles buybacks as Bessent signals discomfort with yields
U.S. debt tops $40 trillion as Treasury expands buyback program to $4 billion per operation, while Japan and U.S. intervene in currency markets amid bond selloff concerns.
Analysis: US Treasury buybacks seen supporting softer dollar, risk appetite
Analysts argue the latest US Treasury intervention signals concern over high bond yields rather than a policy credibility crisis, potentially aiding high-beta and emerging market currencies.
AUD/USD holds near 10-week high as dollar weakens despite weak jobs data
Australian dollar steadies near 0.7150 after July jobs report misses forecasts, with unemployment rising to 4.5% as the RBA maintains a tightening bias. The pair's resilience reflects broader dollar softness rather than domestic strength.
U.S. bond yields ease on Treasury buybacks but rebound quickly
Long-end Treasury yields slipped after the U.S. doubled buyback operations to $4 billion, yet 30-year yields remain near 19-year highs as debt costs remain elevated.
Australia jobless rate climbs to 4.5% as hiring declines in July
Unemployment unexpectedly rose to 4.5% last month, with employment falling by 15,800 jobs, reversing most of June’s gains. Markets trim rate-hike bets ahead of September RBA meeting.
US-Schuldenlast von über 40 Billionen Dollar belastet Dollar weiter
Der Greenback bleibt unter Abwärtsdruck, während das US-Finanzministerium langlaufende Anleihen zurückkauft und die Schuldenlast weiter steigt. Der Euro notiert bei 1,1691, der Dollar-Franken bei 0,7999.
USD/CHF bears regain control as Swiss franc draws haven flows
U.S. Treasury’s expanded long-end buybacks and shifting correlations fuel safe-haven demand for the franc, pushing USD/CHF below key support. Technicals and fundamentals suggest further downside if resistance holds.
Eurozone PMIs due as EUR/USD tests key resistance after technical reversal
August flash PMI surveys will test whether July’s economic rebound has staying power, while the single currency faces resistance at a three-month high after a bearish candlestick pattern.
U.S. Treasury doubles buyback capacity amid dollar-debasement concerns
Expansion of long-dated bond purchases renews debate over fiscal sustainability and currency stability after yields hit multi-year highs.
Treasury’s bond-buying plan fails to calm long-dated yields
Thirty-year Treasury yields rose toward 5.30% after remarks on potential intervention by U.S. Treasury Secretary Scott Bessent drew little market response.
Japan's core inflation steady at 1.8% in July, BOJ rate hike odds rise
Consumer prices rose 1.8% year-on-year, matching forecasts, while service inflation edged up.
Australia's private sector growth steady in August as services offset manufacturing dip
S&P Global PMI data shows private sector expansion for the fourth time in five months, though manufacturing contracted slightly while services activity remained robust.
China holds benchmark lending rates steady for 15th month in August
The People's Bank of China kept the one-year and five-year loan prime rates unchanged at 3.00% and 3.50%, respectively, as policymakers prioritize fiscal support over further monetary easing amid weak July economic data.
Gold steadies near two-month peak as Treasury buybacks weigh on yields
Gold futures edge higher after U.S. Treasury expands long-dated debt repurchases, pushing 30-year yields down 9 bps. Brent crude climbs 2% to $93.54/bbl.
Dollar near three-month low as Treasury targets long-dated bonds
U.S. currency slips after Treasury expands buybacks of 10-30 year debt to ease bond market stress; 30-year yield hits 19-year peak before easing.
Global bond yields surge to multi-decade highs on US turmoil
US long-term borrowing costs hit 2007 highs, dragging G7 yields higher amid Iran war, inflation fears and political uncertainty. Central bank responses remain uncertain.
St. Louis Fed’s Musalem keeps September rate call open
Federal Reserve Bank of St. Louis President Alberto Musalem said he will not prejudge his view ahead of the September FOMC meeting, citing dependence on incoming data.
Fed's Musalem signals data-dependent stance ahead of September meeting
St. Louis Fed President says September rate decision hinges on incoming data, with inflation still above target. Comments underscore cautious approach to policy amid mixed economic signals.
Mexico’s central bank holds rates at 6.5% amid inflation concerns
Banxico signals prolonged pause as services inflation remains sticky, while peso gains 6% in 2026.
China holds loan prime rates steady for 15th month in August
The People's Bank of China kept the one-year and five-year loan prime rates at 3.00% and 3.50%, respectively, as weak domestic demand and banking sector constraints limited policy options.
U.S. 30-year Treasury yield jumps 5.4 bps after debt buyback plan
Long-dated U.S. bond yields rose after the Treasury announced a larger debt buyback program, while global stocks edged higher following four straight sessions of declines.
U.S. Treasury may expand bond buyback program beyond $4 bln per issue
Secretary Bessent signals potential increase in Treasury bond repurchases to stabilize markets and address yield distortions. Update follows surprise doubling of buyback size announced Wednesday.
US Treasury yields rise after Wednesday’s rally as supply concerns persist
Ten-year Treasury yields climbed to 4.65% after the market’s brief rebound on supply signals faded. The U.S. debt load exceeds $40 trillion as fiscal pressures mount.
Swiss borrowers overpay by CHF 18,000/year on long-term mortgages
Households refinancing into decade-long fixed-rate loans during 2023’s brief high-rate window now face annual overpayments of up to CHF 18,000 versus Saron-linked or short-term options, data shows.
U.S. debt surpasses $40 trillion for first time
Total public debt hits $40.047 trillion as Treasury ramps up long-dated bond buybacks to ease yields amid rising term premiums.
Bitcoin crosses 200-day moving average in nine-month first
Cryptocurrency climbs to near $73,000 after Treasury liquidity measures ease long-term yields. Analysts cite technical breakout as potential downtrend reversal signal.
EUR/USD nears three-month high as dollar weakens on Treasury buybacks
Euro climbs to 1.1711 after U.S. long-dated Treasury yields drop on expanded buyback operations, while ECB rate hike odds rise to 84%.
U.S. Treasury doubles long-dated bond buybacks after yield surge
Long-dated U.S. Treasury yields fell 10 bps after the government doubled planned bond buybacks. Stocks rose, gold and bitcoin gained, while the dollar weakened sharply against the Swiss franc.
U.S. stock futures climb as Treasury yields ease ahead of Fed minutes
Futures point to a rebound after Wednesday's losses as long-dated bond yields retreat from two-decade highs. Focus shifts to the Federal Reserve's latest meeting minutes for policy clues.
Fed minutes signal potential rate hikes if inflation persists
July FOMC minutes show most policymakers favored holding rates but saw upside inflation risks. Three dissenters pushed for a 25-basis-point hike as oil prices and geopolitics cloud the outlook.
Fed minutes show growing inflation worries at July meeting
Minutes from the July 28-29 Federal Reserve meeting reveal increased concerns over broad-based price pressures, with three policymakers dissenting in favor of a rate hike. The benchmark rate remained at 3.50%-3.75%.
U.S. Treasury doubles buyback sizes for 10- to 30-year debt to $4 bln
Longer-dated Treasury buybacks to rise to at least $4 billion per operation from September, as yields on 30-year bonds hit 19-year highs. Maximum repurchases could reach $83 billion through November.
Wall Street rebounds as yields fall; Dow, S&P 500 rise at open
U.S. stocks climb after tech-led selloff as Treasury yields retreat from multi-decade highs. Earnings season remains a key focus for investors.
Carry traders target Swiss franc as yen loses appeal
Hedge funds boosted net short positions in the Swiss franc to a two-month high as yen carry trades face volatility after recent interventions. Analysts cite low Swiss rates and SNB intervention risks as key drivers.
U.S. homebuilder stocks rise after Treasury expands bond buyback program
Lennar, D.R. Horton and PulteGroup gain 3.5%-4.5% as longer-dated Treasury yields pull back from multi-decade highs.
Bond markets stabilize as yields retreat from multi-year peaks
Ten-year German Bund yield dips after 15-year high; French 30-year yield hits 2008 levels amid fiscal concerns. Analysts cite rising government and hyperscaler debt as key drivers.
Dollar weakens as front-end rate cushion erodes amid Fed uncertainty
Softer U.S. data and reduced expectations for further Fed hikes weigh on the dollar, while rising term premiums and policy uncertainty drive long-end yields higher ahead of FOMC minutes.
Euro zone current account surplus widens to €35.1 bln in June
Primary income gains lift the bloc’s surplus to the highest since March, while the 12-month surplus narrows to 1.7% of GDP.
Platinum surges 2.9% as Fed rate-cut bets rise, supply tightens
Precious metal jumps to $1,766.80 per ounce on weaker dollar and cooling U.S. inflation expectations. Fourth consecutive annual supply deficit forecast for 2026.
South Africa's July inflation slows to 4.3%, below forecasts
Consumer prices rose 4.3% year-on-year in July, easing from 5.0% in June and below the 4.5% estimate. Food inflation hit a 16-year low as fuel prices fell sharply.
FOMC minutes, Target and Analog Devices earnings in focus
U.S. stock futures edge higher ahead of Fed minutes while retailers and chipmakers report earnings. Oil prices rise on Iran tensions, tariffs on Canadian goods paused.
Japan's wholesale inflation spikes in July, raising rate‑hike odds
July wholesale price inflation in Japan surged, boosting expectations that the Bank of Japan may move toward a rate increase.
Egypt’s central bank holds key rates steady at 19%, 20%
The Monetary Policy Committee maintained overnight deposit and lending rates as inflation pressures remain elevated in the North African economy.
Egypt’s central bank leaves key rates at 19-20% as inflation cools
Monetary policy committee holds overnight deposit and lending rates steady amid easing price pressures. Decision follows July inflation slowdown to 33.6% year-on-year.
