Robust economy may rattle stocks if inflation appears
Strong economic data can sometimes hurt stocks if it raises inflation fears and prompts tighter monetary policy.
Strong economic data can sometimes hurt stocks if it raises inflation fears and prompts tighter monetary policy.
SNB held its key rate at 0% and raised inflation and growth forecasts, dropping earlier language on FX intervention.
Chinese President Xi Jinping arrived in the US for a summit with Trump. The trade truce has been extended to January 10.
Berkshire Hathaway's $359.2 billion cash pile has yet to show a higher yield from the Fed's September rate hike.
Japan's flash composite PMI fell to 52.5 in September, a four-month low, as price pressures stayed sharp and hiring accelerated.
The Trump administration is exploring a stablecoin initiative to attract foreign capital into US debt, potentially easing financing of the $40 trillion…
Japan may trim issuance in 5-to-11-year JGB liquidity auctions as shortages ease, with the decision due after next week's dealer meeting.
The US Treasury's 5-year note auction priced at 5.033%, the highest yield since 2006, as demand weakened, pressuring risk assets like bitcoin.
NAB forecasts Australia's unemployment rate edging down to 4.4% in August, with employment rising by 20,000.
Bitcoin slid 2% to $84,357 as the 10-year Treasury yield topped 5% for the first time since 2007; the U.S. Treasury announced up to $6 billion in buybacks.
The White House edges closer to a 90-day diesel export ban, with Trump reportedly ready to announce within days, despite cabinet opposition.
US stocks fell Wednesday with the Russell 2000 and Nasdaq leading losses as Treasury yields surged.
US services PMI at 58.7 beats 56.0 forecast, sending 10-year yields above 5% and boosting the dollar.
US 10-year yields rose 16 basis points to 4.19%, the highest since 2007, driven by strong PMI data and growth optimism.
Bitcoin pulls back as 10-year yield climbs 16.8 bps to 5.135%, with key support still holding.