European equities fall as oil and bond yields bounce higher
European equities fell as oil and bond yields rebounded from overnight lows. The dollar eased, gold flat.
European equities fell as oil and bond yields rebounded from overnight lows. The dollar eased, gold flat.
Today's PCE data will test stocks, crypto, and Trump's political standing as voters focus on prices ahead of midterms.
Bitcoin slipped 1% as US inflation data looms, while steady ETF inflows of roughly $3 billion over eight days supported the broader recovery.
All four German state CPI readings accelerated in September, raising the likelihood that national inflation will again exceed 3%.
German unemployment rose by 12,000 in September, well above the 1,000 expected, while the jobless rate stayed at 6.4%.
Germany's unemployment rose by 12,000 in September, far exceeding the 1,000 forecast. The jobless rate held at 6.4%.
Central bank speeches move markets by altering expectations, as Williams' remarks cut October hike odds to 50%.
European stocks opened higher as 10-year Treasury yields fell from 5.29% to 5.20%, easing recent pressure.
German import prices rose 1.0% month-on-month in August, pushing the annual rate to 8.3%, the highest since December 2022.
Germany's retail sales rose 1.3% in August from July, missing the 1.5% forecast, after a steep 3.4% monthly drop.
The final Q2 GDP figure was revised up to 0.5% quarterly and 1.4% annual growth, with minimal market impact expected.
German retail sales rose 1.3% m/m in August, missing the 1.5% forecast, after July's 3.4% drop. Market impact is seen as minimal.
German September CPI is seen accelerating to 3.1% y/y, driven by energy costs. Focus falls on core inflation for signals on the ECB's policy path.
JPMorgan CEO Jamie Dimon argues the dollar's reserve currency role relies on a strong US economy and urges Washington to complete trade deals with allies.
Australia's headline CPI rose to 4% in August, meeting economists' expectations and accelerating from the prior 3.5%.