The MSCI All Country World Index rose 0.2% to an all-time high, tracking Wall Street’s surge to fresh peaks, as money markets nearly priced in a full 25 basis point Fed reduction next month. A gauge of Asian shares gained 1.1% as the Nikkei-225 hit a record while Taiwan was heading to a peak. Shanghai stocks jumped to their highest level since December 2021. The Cboe Volatility Index, referred to as Wall Street’s fear gauge, declined to the lowest level since December. Volatility in the Treasuries market also dropped, with the ICE BofA MOVE Index, a measure of expected fluctuations in yields, hitting its lowest level since January 2022. In Japan, the sale of a five-year government bond auction saw a demand ratio that was the lowest since 2020. The yen weakened 0.1%. Treasuries and a gauge of the dollar were steady. While underlying US inflation accelerated to its fastest pace since the start of the year, a modest rise in goods prices eased concerns that trade-related costs could spill over into broader price pressures. With the CPI report now behind them, investors will turn their attention to Friday’s US retail sales data for signs that consumers are as upbeat as corporate earnings commentary suggested. The Fed has kept rates unchanged this year in hopes of gaining clarity on whether tariffs will lead to sustained inflation. At the same time, the labor market — the other half of their dual policy mandate — is showing signs of losing momentum. Tuesday’s inflation data suggested July’s core PCE inflation, due Aug. 29, may print “even hotter,” Bloomberg Intelligence economists including Anna Wong and Chris G. Collins wrote in a note. That measure includes easier financial conditions in its calculations. A gauge of the dollar steadied during Asian hours after dropping 0.4% in the prior session. The currency is “treading water” ahead of key events later this week, including US retail sales data and developments on the Russia-Ukraine front, said David Forrester, a senior currency strategist at Credit Agricole CIB in Singapore. Separately, in a social media post, President Donald Trump resumed his criticism of Jerome Powell over the central bank’s decision to hold rates steady. Trump also said he is weighing a lawsuit against the Fed chief over the renovation of the central bank’s headquarters - a project whose cost overruns have drawn scrutiny. US After Hours WBTN +38.8%, INTA +25.5%, ECG +18.8% higher on earnings; CAVA -21.2%, LAZR -19.3%, CRWV -10.5% lower on earnings; CRCL -5.5% on stock offering
Nikkei +1.39% Hang Seng +1.94% CSI +0.82% Shanghai +0.46% Shenzen +1.13%
Eur$ 1.1684 CNH 7.1827 CNY 7.1798 JPY 147.94 GBP 1.3505 CHF 0.8065 RUB 79.4999 TRY 40.7546 WTI$ 63.21 +0.08% Gold 3,352 +0.10% BTC 119,327 -0.72% ETH 4,672 +1%
S&P +0.0% Nasdaq +0.07% EuroStoxx +0.37% FTSE +0.23% Dax +0.46% SMI +0.16%
Macro :
- Golden Dome to Have Four-Layer Defense System, Reuters Reports
- AIRLINES INDEX RISES 9.2% TO CLOSE AT HIGHEST IN OVER A MONTH
- Firm Tied to Trump Jr. Touts Sales Product for Pharma
- White House Considers Wider Scope for 15% China Chip Sales Cut
- Billions Wiped Out as Software Sinks on AI Disruption Fear
- Uzbek Gold Miner Said to Eye $20 Billion Value in Dual Listing
- Fertilizer Stocks Fall on World Crop Supply Report
- Morgan Stanley Sees Bad Swiss News Priced in, Stays Short Franc
Keep an eye on :
Keep an eye on :
- ALKB DC : ALK-Abello Rises After Boosting Full-Year Revenue Forecast
- AAL US : American Air Backs Justice Department Move to End Delta Venture
- ASMDEE SS : Asmodee Holder Lars Wingefors, Stephane Carville Offers Shares
- AGR LN : PHP Got Valid Acceptances of About 62.93% of Assura to Offer
- AVTX NA : Avantium Reaches Deal With Lenders, Delays HY Results
- BAMI IM : BPM Made Preliminary Examination of Banca Progetto Sale: MF
- BNR GY : Brenntag 2Q Essentials Operating Gross Profit Misses Estimates
- CTM SS : Catena Media 2Q Adj. Ebitda Cont Ops EU1.39M Vs. EU0.68M Y/y
- CAVA US : Cava Sinks After Cutting Year Restaurant Comp Sales Forecast
- CBRS US : Fidelity Said In Talks to Lead Cerebras $1 Billion Funding Round
- DTG GY : FTC Says Companies End Pact Aimed at Zero-Emission Trucks
- DEMANT DC : Demant 1H Ebit Misses Estimates, Demant Results Miss, Guidance is Trimmed Again: Street Wrap
- EA US : EA Gains on Report that Battlefield 6 Sold 605k Copies on Steam
- EOAN GY : E.On 1H Adjusted Ebit EU3.82B Vs. EU3.35B Y/y
- EOAN GY : Germany Risks Falling Behind on Energy Transition, EON Warns
- 3333 HK : Evergrande Liquidators Hire UBS, Citic to Sell $1.1 Billion Unit
- EVO SS : Evolution Games Ran in Banned Markets, Execs Say in Secret Tapes
- EVO SS : Evolution Games Ran in Banned Markets, Execs Say in Secret Tapes
- EVT GY : Evotec 1H Revenue EU371.2M Vs. EU390.8M Y/y
- FRA GY : Fraport July Frankfurt Airport Passengers 6.1M Vs. 5.8M M/M
- FCX US : Freeport Indonesia’s PT Smelting Start-up Delayed by Repairs
- HBI US : Gildan Said Near Deal for Underwear Maker Hanesbrands
- GYC GY : Grand City Properties 1H Net Rental Income EU213M Vs. EU212M Y/y
- HGV US : Apollo Said to Offer HGV Shares at Up to $43.65 Each
- JEN GY : Jenoptik Sees FY Ebitda Margin at Lower End of Guidance Range
- MBTN SW : Meyer Burger Gets Further Extension to Publish Annual Report
- MSFT US : Microsoft is trying to poach Meta AI talent and offering multimillion-dollar pay packages, internal documents show
- NBG6 GY : Activist 7Square Pushes Nuernberger to Entertain Rival Offers
- NVDA US : White House Considers Wider Scope for 15% China Chip Sales Cut
- NOD NO : Nordic Semiconductor 2Q Revenue Beats Estimates
- NOVOB DC : Biogen Sees Potential in Combining Alzheimer’s and Obesity Drugs
- OKLO US : Oklo Rises After US Selection for Expedited Nuclear Approval
- PAT GY : Patrizia Assets Under Management EU55.9B Vs. EU56B Y/y
- PONY US : Pony AI Nears Full-Year Robotaxi Target Despite Scaling Hurdles
- R3NK GY : RENK Group 2Q Adjusted Ebit Meets Estimates
- RHM GY : Czech Defense Ministry Approves Plan to Buy 44 Leopard Tanks
- SPNS US : Advent to Buy Insurance Software Firm Sapiens for $2.5 Billion
- SIX2 GY : Sixt Maintains FY Pretax Profit Margin Forecast
- STAN LN : Standard Chartered aims to convert depositors into investors with digital platform
- STMN SW : Straumann 1H Revenue Meets Estimates
- SAX GY : Stroeer 2Q Adjusted Ebitda Misses Estimates
- TSLA US : Tesla Reshuffles Engineers After Abruptly Ending Dojo AI Project
- TUI1 GY : TUI Gains as Hotels & Cruises Division Drives Ebit View Upgrade
- TUI1 GY : TUI 3Q Underlying Ebit Beats Estimates
- UBES US : Uber Freight Founder Joins Autonomous Big Rig Startup Waabi
- UCG IM : Italy Defends Right to Restrict UniCredit’s BPM Bid in EU Reply
- ULCC US : Frontier Airlines Up 16%, Most in Four Months; Volume Five Times
- VWS DC : *VESTAS STILL SEES FY REV. EU18B TO EU20B, EST. EU19.13B, Vestas 2Q Ebit Before Significant Items Misses Estimates
- WIE AV : Wienerberger 2Q Ebitda EU253M Vs. EU285.1M Y/y