ECB's Schnabel set to depart for senior IMF role, reports say
ECB board member Isabel Schnabel is reportedly leaving to join the IMF in a senior position.
ECB board member Isabel Schnabel is reportedly leaving to join the IMF in a senior position.
Canadian retail sales fell 0.7% in July, slightly better than the expected 0.8% drop, but core sales and volume pointed to softer demand.
Weekly US jobless claims totaled 197K, below the 201K forecast, while continuing claims also fell. Labor market remains resilient.
The dollar rises and bond yields pressure stocks as traders await Trump-Xi talks. Yields near multi-year highs.
Silver dropped to the $63 support level as surging real yields from strong US PMIs and rising oil prices weighed on the metal.
Oil prices rose and bond yields surged, pressuring European stocks and broader risk sentiment.
Wallets holding 100-1000 BTC added 113,950 BTC since July, but a rise in the 10-year yield to 5% pushed Bitcoin below $84K.
The Nasdaq risks erasing all post-FOMC gains as rising oil prices and rate-hike bets weigh on sentiment.
Bitcoin declined as oil prices recovered and rate hike bets intensified after strong US PMI data.
Gold prices declined toward last week's lows as 10-year Treasury yields rose above 5.10%, pressuring the non-yielding metal.
Fed's Williams says another rate hike this year is 'reasonable' and inflation is the biggest obstacle.
Zcash touched a record after Europe's first ETP launched, but later fell on oil price and rate hike concerns.
Germany's Ifo business climate index rose to 89.9 in September, beating expectations, while the expectations index also climbed.
Musk notes Earth's economy is tiny next to a K2 civilization, as AI infrastructure spending is projected to top all previous booms.
Strong economic data can sometimes hurt stocks if it raises inflation fears and prompts tighter monetary policy.