Market news: headline, short summary and source. Read the full story at the source.
Canada’s July wholesale trade: Wholesale sales MoM: +0.3% vs -0.5% expected. Prior +2.8% Wholesale sales YoY: +7.9% Wholesale sales volumes MoM: -0.6% Wholesale inventories: Essentially unchanged at C$140.6 billion Inventory-to-sales ratio: 1.51 vs 1.52 in June Canadian wholesale sales increased 0.3% to C$93.1 billion in July, according to Statistics Canada. That was stronger than the 0.5%…
Prior was +20.6 New orders +2.0 vs +17.3 prior Prices paid +63.1 vs +58.6 prior Employment +10.6 vs +9.3 prior Six monthis index +29.0 vs +32.1 prior This report isn't a big market mover but it lands on the morning of the first day of the Fed meeting so it will be notable, particularly for the doves. There has been so much of this back-and-forth with economic data that it's easy to imagine either…
U.S. ADP NER Pulse for the four weeks ending August 29: Weekly private employment change: +16,250 vs +12,000 expected. Prior +12,250 Four-week moving average, seasonally adjusted U.S. private employers added an average of 16,250 jobs per week during the four weeks ending August 29, according to ADP Research. The result was stronger than the 12,000 estimate and increased from 12,250 previously.…
Headlines: USD/INR erases all RBI intervention gains as surging oil prices weigh on the Indian Rupee Oil remains supported as supply risks intensify and diplomatic progress stalls Bill Lipschutz's scale trading strategy: Why smart traders don't go all in at once Managing Currency Exposure With OANDA’s Forex Trading Platform Zcash outperformed most cryptocurrencies following ETF launch, now focus…
China's investment slump deepened, retail sales growth slowed further in August while industrial output blew past estimates as Beijing warns of supply-demand imbalance.
Germany September ZEW survey current conditions -47.1 vs -52.1 expected Prior -61.1 Germany September ZEW survey economic sentiment 34.7 vs 40.0 expected Prior 34.2 The breakdownThe uptick in the current conditions index is encouraging, as it is a beat on estimates. However, the economic sentiment indicator only showed a mild improvement compared to August. ZEW notes that this suggests that…
EUROPEAN SESSION In the European session, the main highlight was the UK employment report. The data was basically in-line with expectations across the board and didn't change much in terms of BoE interest rate expectations. As a reminder, the market is pricing in 50 bps of tightening by year-end, with the first rate hike coming in November. Looking ahead, we don't have much on the agenda other…
The key details: July ILO unemployment rate 4.9% vs 5.0% expected Prior 4.9% July employment change 67k vs 67k expected Prior 83k July average weekly earnings +3.9% vs +3.9% 3m/y expected Prior +4.1%; revised to +4.2% July average weekly earnings (ex bonus) +3.5% vs +3.5% 3m/y expected Prior +3.5% August payrolls change -26k Prior -13k; revised to -19k The UK labour market continues to show signs…
Chinese state media's reports of the daily press conference also noted that all groups should work together for AI openness and inclusivity.
With inflation above target and no visibility on lower oil prices or stability of tariffs, the Fed chairman needs to pass the test that has faced his predecessors
The muted outlook from the country's second-largest bank by assets could be an early signal that Wall Street's AI boom might have hit turbulence.
Oil prices have marched higher in recent weeks, above $100 per barrel, as tensions between the U.S. and Iran have escalated again.
The 2025 football season and 2024 presidential election pushed prediction markets into the prominence they enjoy today.
The institutionalization of prediction markets threatens to erode the edge of skilled traders who earn off mispricing and market inefficiencies, experts say.
In August, consumer prices rose 3.4% over the past year while wages increased just 3.1%.
OpenAI launched ChatGPT for Financial Services, targeting the labor-intensive research, modeling and pitchbook tasks traditionally handled by junior bankers.
Chinese netizens focused on the price of Apple’s iPhone Duo, as cheaper Xiaomi and Huawei foldables raise value comparisons and muddle the foldable's reception.
Ant-backed startup JoyIn's CEO published an article in Chinese that raised questions about similarities between his company's new model and OpenAI publications.
Its the latest move by the prediction market company to diversify its assets users can trade.
Visa, Mastercard and Ant International are working on common standards for AI-agent payments — including ways to verify and monitor their transactions.
News text belongs to its source; only the headline and a short summary appear here.
