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A crucial day for inflation and the U.S. economy is off to a bad start.
The Consumer Price Index report for August is playing an outsize role in the Federal Reserve's policy decision next week.
The French drugmaker is considering building a production site in the U.S., joining other European companies looking across the pond when planning new investments.
Investors were cautious ahead of key U.S. consumer-price inflation data as the probability of the Fed raising interest rates next week increased.
10-year Treasury yield shies away from 5% level, stock futures tick up
The latest U.S. Treasury buyback disappoints which piles on the pressure to sell global bonds. The 10-year Treasury yield is inching towards 5 per cent.
U.S. stock futures nudged higher and Treasury yields retreated slightly, but investors remained on edge ahead of crucial inflation data later.
China has capped increases in retail prices for transportation fuels for the third time since the Iran war began to mitigate the impact of rising international oil prices on the domestic market, the state planner said in a statement on Friday.
Iran-backed Houthis seized Yemen's port city of Mokha on the Red Sea coast. The advance raises the threat to shipping near the Bab el-Mandeb Strait, a waterway that connects the Red Sea to the Gulf of Aden and to global markets.
The energy watchdog further cut its outlook for global oil demand, now expecting consumption to fall by 2.5 million barrels a day in 2026 compared with its previous forecast.
Australian stocks ended Friday at a more than two-month low, as miners led by BHP lost on weaker commodity prices, while a surge in oil prices over the week heightened inflation concerns and kept investors on edge.
Diesel prices will be a "silent killer of the U.S. economy" if they stay at these levels, said Patrick De Haan, head of petroleum analysis at GasBuddy. Higher diesel prices are passed down to consumers in what they pay for food, consumer goods and energy.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture.
The European Central Bank hiked interest rates this week against a back drop of rising global bond yields, spiralling energy prices and growing political risk. Following a state election win for German's far-right party Alternative for Germany (AfD) in Saxony-Anhalt, attention now turns to an array of elections across multiple European countries in 2027.
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia.
