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Treasury yields edge lower in Asian trade, shrugging off a slight increase in oil prices, as investors wait for Friday's CPI reading.
Invesco CurrencyShares Euro Trust earns a Buy rating with a $110 price target, reflecting a constructive outlook on EUR/USD. I expect US inflation to cool and the Fed to pause hikes, narrowing the interest rate differential and supporting FXE upside. FXE offers direct EUR/USD exposure, uncorrelated to equities, with a straightforward structure and a 0.40% expense ratio.
The last time Japan's central bank lifted its main policy rate half a percentage point, prices were so hot the land the Imperial Palace sat on was said to be worth more than the combined real estate of California.
China's car exports stayed in high gear in August as automakers led by BYD shipped a record number of vehicles overseas, in sharp contrast to a sluggish domestic market, where sales fell for the 11th month in a row.
Oil prices remain elevated as Middle East supply risks support WTI near $93 and push Brent toward the key $100–$102 resistance zone.
Regional markets lacked cues given Monday's Labor Day holiday, and investors are now looking to U.S. consumer inflation data.
The Fed and inflation are back in focus as investors face down an often bumpy stretch for markets.
Japanese stocks were lower as uncertainty over the Middle East conflict and the Fed policy persists.
The S&P 500 is trading in sync with shifting Fed rate hike odds, with technical levels like 7620 proving pivotal. September's CPI release is the key catalyst; a hotter print could trigger sharp downside, while a soft print may drive new highs.
Global equity markets posted positive results in August. The S&P 500 gained +2.6%, with the technology sector (+6.2%) leading the way following a late-month revival in AI enthusiasm.
UBS expects the Federal Reserve to raise interest rates twice this year after a stronger-than-expected August jobs report reinforced expectations of a resilient US economy. The bank now forecasts 25-basis-point rate hikes in both September and December, reversing its earlier call for no policy changes in 2026.
S&P 500 earnings look exceptional on the surface, but a closer look shows that headline growth is being boosted by several non-recurring and non-operating items. Alphabet and Amazon are the clearest examples: large investment revaluations materially inflated reported profits, making headline EPS far stronger than underlying operating earnings.
American drivers were paying record Labor Day prices at the pump as more expensive crude and supply disruptions in the Middle East and Russia tightened global markets and raised fuel costs.
Brent and WTI crude oil prices rose to a six-week high on Monday. Saudi Aramco oil facilities were reportedly struck in fresh attacks.
On Thursday, the Roundhill Magnificent Seven ETF (MAGS) broke out of a multi-month consolidation. The breakout didn't hit all-time highs, but the pattern is capable of sending the chart much higher than the current all-time high.
