Higher Oil Lifts Bond Yields; Bitcoin Shows Relative Strength, Gold Slides
Brent crude settled above $90 and the 10-year yield hit 4.768%, pressuring growth stocks and gold while bitcoin held above $78,340.
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Brent crude settled above $90 and the 10-year yield hit 4.768%, pressuring growth stocks and gold while bitcoin held above $78,340.
Reuters expects the PBOC to set the yuan reference rate at 6.7170, a key signal for Asian FX markets.
Goldman CEO David Solomon says US economy is solid but flags Middle East and tariffs as headwinds while downplaying alarm over higher term premium.
Oil producers use ship-to-ship transfers and dark transits to bypass Hormuz threats, keeping flows stable despite ongoing conflict.
Bessent met BOJ's Ueda and Japan's Katayama at G20, urged rate hikes. Yen strengthened on the remarks.
Dell reports fiscal Q2 after Tuesday's close; options imply an 11% swing, with a $52 straddle, and investors watching AI orders and margins.
UK shop price inflation accelerated to 1.5% in August, the highest since February 2024, driven by energy costs and AI chip demand.
A tanker was struck by three projectiles while leaving the Strait of Hormuz, UKMTO reported. No casualties or damage were reported.
Oil surged after US strikes on Iranian targets; hawkish Fed comments boosted the dollar, yields and September rate-hike odds. Gold stabilized while equitiesβ¦
Tom Lee views September crash fear as a contrarian signal, predicting a stock rally and Bitcoin surging to $150,000.