EUR/USD
1.16004
-0.092%
Gold
4383.13
1.544%
Oil
96.050
-4.454%
USD/JPY
153.545
-0.563%
GBP/USD
1.35178
0.053%
GBP/JPY
207.566
-0.513%
Real-time News
September 11th - Bank of America points out that investors who have heavily bought European and UK government bonds in recent months may be regretting their decisions following a sharp sell-off in the bond market. A survey by the bank shows that although respondents have become more pessimistic about the interest rate outlook, they have increased their holdings of long-duration bonds and maintained these positions since early August. Bond yields have risen sharply as soaring energy prices have exacerbated inflation concerns; this trend has been further amplified by a sell-off in other global bond markets. Strategists, including Ralf Preusser, wrote in a report released Friday: "The divergence between duration exposure to euro and sterling bonds and investor sentiment has reached a record high. Buyers regret is palpable. This helps explain the extent of the sell-off in UK and German government bonds this week as markets repriced expectations of central bank policy, especially given that most investors still believe the ECB will have to reverse policy next year."On September 11, the Iranian Foreign Minister stated that the US Treasury Secretary had been boasting about plunging Iranians into poverty and crippling the Iranian economy. However, with global confidence in the US financial system declining, the US is now powerless and helpless. The collapse in the cost of US government debt financing has only just begun.On September 11th, Goldman Sachs economist Alexandra Wilson-Elizondo stated, "Todays CPI was largely in line with expectations, ostensibly the result investors hoped for, but it does significantly increase the suspense surrounding next weeks interest rate decision. The challenge is that the data doesnt fully reflect some of the recent inflationary pressures, and theres little evidence that inflation is returning to target in the near term. This reports survey period predates the latest round of energy price increases and the spread of commodity gains from energy to sectors like metals and agriculture. Todays inflation data doesnt eliminate the possibility of stronger price pressures in the future. In short, todays in-line data will allow the Fed to retain the option of raising rates, but wont force it to act. Therefore, the market may focus more on Warshs communications, energy prices, labor market data, and what happens next, rather than what was released today."German Chancellor Merz has decided to remain in power and plans to continue pushing forward with reforms in Germany.The Houthi rebels in Yemen stated that all shipping companies, except for Saudi vessels, can navigate safely.
