Our detailed market analysis is being prepared and will be published here soon — stay tuned for insights and trends.
2037 ET - Bitcoin rises in early Asia trade, staying around 8-month highs above $86,000. A sustained break above that line would signal a more solid recovery after several false starts. Bitcoin's gains this month stand at around 10%--far below August's rally but still notable as they have come despi…
1547 ET - Treasury yields rise as markets reprice the outlook for interest rates. Futures markets price in two more Fed hikes this year. That prospect drives shorter-term Treasury yields to rise faster than the back end, flattening the curve. U.S. inflation expectations, as measured by one-year swap…
1105 ET - Initial jobless claims fell below estimates to the lowest reading in at least six weeks, a clear message that the U.S. labor market doesn't need help from the Fed, Chris Osmond of Fifth Third Wealth Advisors says in a note. Claims have taken a meaningful step down from August's levels, the…
1358 ET - Institutional investors are back to mostly pulling money out of bitcoin ETFs, this after flows returned to being positive in August. Bitcoin ETFs are showing net outflows for 6 out of the past 7 trading sessions, with net outflows Wednesday landing at nearly $300 million, according to data…
1310 ET - The AI data center boom is expected to keep chugging along, according to Bank of America's latest survey of global fund managers. Of those surveyed, 79% said they do not expect one of the AI hyperscalers to announce a cut in capital expenditures this year, up from 71% in August. But invest…
1311 ET - Rising bond yields beat out the prospect of an AI bubble as the biggest "tail risk," according to the latest Bank of America survey of global fund managers. About one-third of survey respondents named a "disorderly rise in bond yields" as the biggest tail risk, while 28% named an AI bubble…
1059 GMT - Bitcoin rises along with U.S. stock futures as traders weigh the Federal Reserve's latest policy decision and big tech earnings. The Fed left rates unchanged Wednesday while Chair Kevin Warsh declined to provide clear signals about future policy, weakening the dollar. "Perhaps this was du…
1135 GMT - Sterling trims its gains after the Bank of England held interest rates at 3.75% as expected. The BOE voted 6-3 in favor of the decision with three policymakers preferring to raise rates by 25 basis points. However, BOE Governor Andrew Bailey said the process of underlying disinflation tha…
1141 GMT - Bitcoin stays under pressure as the selloff in chip stocks deepens, weighing on risk appetite. Nasdaq futures point to a 0.8% fall in the tech-heavy U.S. stock index. Investors are cautious with positioning ahead of the Federal Reserve's policy decision on Wednesday and earnings from majo…
0824 ET - European equities are exposed to a clutch of possible negative catalysts, Bank of America analysts write. The Europe-wide Stoxx 600 remains close to record highs, while expectations for European companies' margins are at all-time highs, the analysts say. "Much of the good news is already i…