Market Minutes
Read snapshots of the latest market news
Aussie rises on inflation printing
The yen gained strength as BoJ Deputy Governor Ryozo Himino indicated potential rate hikes if economic confidence continues to grow.
ECB’s Knot calls for tighter fiscal policy
ECB’s Klaas Knot urges tighter fiscal policies to aid inflation control, while German consumer sentiment hits a four-month low
Market rotation to Cyclical stocks amid volatility
Investors pulled out of growth stocks overnight, continuing with a rotation into cyclical stocks such as financials ahead of PCE data this Friday.
GBP/USD struggles to hold above 1.32
The pair retreats from multi-month highs after leading as a top performer in August
Japan's CPI rises to 2.7% in July
Japan's consumer prices rose to 2.7% in July, but core inflation slowed to 1.9%, the lowest since 2022.
All roads lead to Jackson Hole
Jerome Powell’s highly anticipated Jackson Hole address will shape expectations on rate cuts and recession concerns.
Gold hits all-time high
Spot gold prices hit a record $2,499 per ounce on Friday, driven by disappointing U.S. housing data that sparked renewed concerns over economic stability
US jobless claims decline, retail sales surge
U.S. labor market data released Thursday showed initial jobless claims declining more than expected last week, while retail sales surged in July
Gold prices slip ahead of US CPI
Gold prices fell for the second day as markets reacted to soft UK CPI and anticipated US inflation data, with a high-risk appetite pressuring the metal
US producer inflation cooler than expected In July
U.S. inflation pressure softens with a modest PPI increase, while the UK sees an unexpected drop in unemployment