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EUROPEAN SESSION In the European session, the main highlight was the UK CPI report. The data came mostly in line with expectations, with a slight miss on Services CPI measure. For now, the BoE has enough reasons to keep rates steady and maintain a tightening bias given the soft employment data and limited inflation spillover. The market is pricing in around 80% chance of no change in rates at…
UK August CPI +3.1% vs +3.1% y/y expected Prior +2.9% UK August core CPI +2.6% vs +2.6% y/y expected Prior +2.6% The main readings are all within estimates, with UK headline inflation seen picking up again in August - jumping above 3% for the first time since March. Higher energy prices was the biggest contributor, amid an increase in prices for diesel and petrol. For some context, diesel prices…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
Nearly 2.4 million ZEC participated, with 99.9% backing 25-second blocks and 98.9% voting to preserve the network’s existing halving schedule.
The former employees allegedly earned more than $50,000 each by trading Hyperliquid perpetuals ahead of Robinhood token listings.
The UK inflation report for August today is going to be the main highlight in terms of economic data releases in the European session later today. With it coming just a day before the BOE rate decision tomorrow, it is the last meaningful piece of the puzzle for policymakers before they cast their votes. To start off, let's see what the numbers have to say. Headline annual inflation is expected to…
Bullish crypto futures bets worth millions have been liquidated in 24 hours. Bitcoin and ether longs have taken in the most losses.
The $450 million withdrawal came as Bitcoin fell 2.5% and the CLARITY Act failed to advance in the Senate, with Fidelity and BlackRock funds leading the outflows.
Z.ai, Moonshot, MiniMax, Alibaba and Tencent did not provide any statements when contacted by CNBC about the warnings on AI from Silicon Valley.
The Senate's 49-50 procedural vote left the crypto market structure bill 11 short of what it needed, and every major token fell.
OpenAI in talks for funding round above $1.2 trillion valuation Ethereum retests broken resistance near $2,470 as exchange supply keeps shrinking Triple good news for Solana, sell the fact for SOL price PBOC's Pan signals shift away from China loan growth targets, looks to stabilise debt Staking and ETFs drain ether from exchanges, price impact unproven Australia: Westpac leading index signals…
The CLARITY Act still has a procedural path after Senator Thom Tillis moved to reconsider the failed cloture vote, though industry executives are divided over whether Congress has enough time left.
The improved but still below-trend reading gives the Reserve Bank some room to hold at its September meeting without abandoning its tightening bias, consistent with Westpac's own call for a very hawkish hold ahead of a further rate rise later this year. For AUD, the report's signal cuts both ways: firmer momentum and a resilient June quarter support the case for additional hikes, typically…
The soft machinery orders print undercuts the case for near term Bank of Japan tightening, as a weaker leading capex signal suggests the investment side of the economy may be losing steam just as the BoJ weighs its next move on policy normalisation. I suspect, along with most everyone else that a rate hike this week is baked in: Preview: Goldman Sachs sees yen and Nikkei risk building on faster…
Last minute, behind-the-scenes disputes locked in a dismal showing for the market structure legislation the industry pinned its greatest hopes on.
A BIS study found widely used crypto metrics can obscure economic activity, with measurement challenges spanning Bitcoin, Ethereum and stablecoins.
The core of the US proposal is a hard cap on how much of an AI server, chip or related piece of hardware can be built from parts sourced outside North America, which would directly hit the assembly model many firms have used to route Chinese made components through Mexico. That threshold, once set, would raise costs and complexity for manufacturers who have shifted AI hardware production south of…
I think we can all agree it's a wating day for the FOMC. The Fed battleground is no longer Wednesday's meeting, but the ones afterwards Calendar for the session ahead: This article was written by Eamonn Sheridan at investinglive.com.
Circle and Coinbase shares fell about 10% as the failed Senate vote weighed on crypto-linked equities, with Bitcoin miners and treasury companies also declining.
Explosions heard in Saudi Arabia Canadians continued to spend through August - RBC spending tracker shows US 20-year bond auction tails by 2 bps Bessent: For a nominal amount, the US Treasury was able to signal support for Japanese policies Senate leader Thune: I am open to considering an export ban on diesel Oil jumps after Libya says may declare force majure as protests suspend production…
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