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New Post: Round up of today’s market news - https://lnkd.in/d9z-X5Db S&P Gain's with Modest Closing Increase * US treasury auctions off $13 billion of 20 year bonds * Atlanta Fed GDPNow growth estimate was raised to 3% * US August retail sales data came out strong * Microsoft has announced a new US$60bn share repurchase program * Gold Facing Headwinds as the US Dollar climbs * Oil private survey of inventory shows a headline crude oil build vs. draw expected * US aims to add 6 million barrels for SPR - Reuters report * European equity close: Solid gains ahead of the Fed decision * ECB's Villeroy: French goal to cut deficit to 3% of GDP by 2027 is not realistic

New Post: Round up of today’s market news - https://lnkd.in/dMCgCTvC Dow Hits Record High, S&P Nears All-Time Peak; NASDAQ Breaks 5-Day Win Streak WH Brainard: It is now important to safeguard progress in US labor market Former NY Fed Pres Dudley says it's time for 50 basis points Gold Surges as Fed Rate Cut Expectations Climb Crude Oil Futures Settle at $70.09 European equity close: A tad on the soft side ECB's Lane: Incoming data on wages and profits have been in line with expectations Chinese and Japanese markets are closed today RBNZ says material monetary policy surprises are relatively rare

New Post: Round up of today’s market news - https://lnkd.in/dpE7RrjM US Indices Surge to Close Out the Week Strong: NASDAQ and S&P 500 Rebound UMich preliminary sentiment comes in @ 69.0 for September August 2024 import and export prices for the US Consumer Spending Slows, CNBC Retail Monitor Reports Modest Growth Fitch: If this is an extended strike you could see Boeing downgraded Canada's July wholesale and manufacturing sales Gold Reaches Record High Amid Rising Fed Rate Cut Bets Crude oil futures settled at $68.65 Baker Hughes Rig Count Report South America's Copper supply remains weak – Commerzbank Major indices in Europe are closing higher for the week ECB's Holzmann: There could be room for another rate cut in December US finalises steep tariffs on China, with many to begin on 27 September - Reuters China approves the plan to raise the retirement age for the first time since 1978 BOJ expected to keep rates unchanged this month but hike by year-end - poll

New Post: Round up of today’s market news - https://lnkd.in/dZSh87MK US Stock Indices Extend Gains for Fourth Consecutive Day, NASDAQ Leads * US Treasury auctions off $58 billion of 30 year bonds * US household net worth rose to record $163.8 trillion in Q2 * Gold Reaches Record High as Fed Rate Cut Bets Soar * Silver Surges 2.0% * IEA warns that China slowdown will continue to weigh on global oil demand growth * China reportedly to cut interest rates on $5 trillion mortgages as soon as this month * Higher close for European major indices * ECB cuts deposit rate by 25 bps in September monetary policy decision, as expected * ECBs Lagarde: decision to cut the deposit rate by 25 basis points was unanimous

New Post: Round up of today’s market news - https://lnkd.in/dThyPRX4 Snapback Day: Major Indices Climb Higher After Earlier Declines US treasury auctions of $39 billion of 10 year notes CPI YoY rose by 2.5% US is closer to allowing Nvidia chips to Saudi Arabia Fed IG said Atlanta Fed Pres. Bostick violated Fed rules on trading US 30 year mortgage rates lowest in 20 months Gold Retreats to $2,500 Following US CPI Data Release Crude oil futures settled at $67.31 as the threat of Hurricane Francine in the Gulf of Mexico poses a risk to refinery operations Weekly US EIA crude inventories reported A 0.833M build ICYMI - Saudi Aramco cut its Arab Light crude oil price to Asia, Europe and the US Mixed results for the European indices Honda to reduce staff at China plants Reuters Poll: BOE to cut bank rate by 25 basis points one more time this year

New Post: Round up of today’s market news - https://lnkd.in/ddzAdw22 US Stocks End Mixed: Nasdaq Leads Gains Amid Financial Sector Weakness * US Treasury auctions $58B of 3 year notes * Fed's Barr on Basel rules * BOC's Macklem: Bigger cuts are possible if economy and CPI weaker * Gold Rises Ahead of US CPI Data * U.S. Short-Term Energy Outlook: Key Insights from the EIA * European equity close: On the backfoot * China records ¥649.34 billion trade surplus in August * Westpac-Melbourne Institute index of consumer sentiment fell * Japan LDP lawmaker Ishiba says key task for Japan is to completely exit from deflation * Oil private survey of inventory shows a headline crude oil draw vs. build expected * U.S. Short-Term Energy Outlook: Key Insights from the EIA

New Post: Round up of today’s market news - https://lnkd.in/dK5vWyfE US Equities Rebound After Friday's Decline * Atlanta Fed GDPNow growth estimate for Q3 growth rises * Yellen over the weekend says no red lights flashing for financial risks, & US economy reached soft landing * Gold Rises Ahead of US Inflation Data as Traders Anticipate Fed Rate Cut * Russia's coal exports to China drop 8% in H1 2024, rebound expected in 2025 * China's central bank has paused its Gold purchases for the fourth consecutive month in August * Major European indices close higher to start the trading week * German Finance Minister backs Draghi's growth focus but not joint EU borrowing * China to issue up to €2 billion in euro sovereign bonds in Paris * Japan chief cabinet secretary Hayashi cites BOJ's Ueda saying more rate hikes ahead

New Post: Round up of today’s market news - https://lnkd.in/dUYm36U8 US Equity Markets Close Lower Amid Tech Sector Weakness and Rate Cut Concerns Economic Data next week includes CPI, PPI & UMich US August non-farm payrolls +142K Fed's Goolsbee: Critical challenge is not letting things turn into something worse Fed's Waller : Forecasts could be wrong, must be nimble as data comes in Gold Retreats from Near Record High Amid Fed Rate Cut Speculation Baker Hughes Rig Count Report House prices in the UK continue to nudge higher Chinese banks used swaps to build short positions in the dollar of around US$100 billion - Bloomberg report

New Post: Round up of today’s market news - https://lnkd.in/dWd5UuF8 US Stock Indices Close Mixed Ahead of Key Jobs Data Broadcom reported better-than-expected Q4 earnings, yet the stock saw a decline US treasury auction off 3, 10, and 30 year coupons next week Gold Soars Above $2,500 as Traders Anticipate Fed Rate Cuts Weekly US crude oil inventories -6.873M European indices closing mixed on the day ECB seen cutting rates next week and then again in December - poll PBOC to continue to implement supportive policy, says deputy governor RBA's Bullock says as of now Board doesn't expect to cut rates in near term

New Post: Round up of today’s market news - https://lnkd.in/dDVDpmRH U.S. Stocks End Mixed: Dow Rises While S&P 500 and Nasdaq Falter Modest change in the Atlanta Fed GDPNow growth Beige Book: Economic Activity Stalls as Mixed Signals Emerge Across Districts BOC Macklem: There was a strong consensus for a 25 bps cut Gold Ticks Higher on Soft U.S. JOLTS Data Oil private survey of inventory shows a headline crude oil draw much larger than expected European equity close: A second day of selling German trade lobby sounds warning as recession clouds circle China's Caixin Services PMI lower but still in expansion