September US Existing Home Sales at 3.99 Million, Topping Estimate
US existing home sales rose 1.5% in September to a seasonally adjusted annual rate of 3.99 million, exceeding the 3.95 million estimate.
30 min ago7 min read
Macro News
Inflation, employment, growth data and central bank decisions, and how they reprice risk across markets.
European Market Wrap: Risk Appetite Returns as Crude Slides
Oil eased and risk appetite firmed, though the macro and geopolitical backdrop is unchanged. Focus turns to US CPI and the November 3 midterms.
2 h ago7 min read
IMF warns young workers face first wave of AI disruption
IMF chief Kristalina Georgieva warns AI will disrupt jobs, with young workers bearing the brunt as entry-level roles disappear.
2 h ago13 min read
BofA Survey: Global Semiconductors Remain the Most Crowded Trade, Short US Treasuries Second
BofA's monthly survey shows global semiconductors as the most crowded trade, short US Treasuries second, with investors' tech overweight near six-year highs.
3 h ago11 min read
AI boom's hidden cost: A new inflation worry for the Fed?
The AI boom's demand for data centres could push up electricity prices and feed into US inflation, adding to the Fed's challenges.
5 h ago8 min read
Hammack Urges Swift Small Rate Moves as Bitcoin Slips in October
Cleveland Fed President Beth Hammack backs small, quick rate moves to curb inflation, while Bitcoin slips in October, a historically strong month.
7 h ago10 min read
German September Inflation Confirmed at 3.3% Year-on-Year
Germany's final September CPI was 3.3% year-on-year, unchanged from preliminary estimates, with energy prices rising sharply.
8 h ago5 min read
Why Losses Matter More Than Wins in Trading
Even a 60% win rate can lead to a net loss if losses exceed wins, highlighting the importance of risk management.
9 h ago10 min read
Record Stock Rally and 24-Year Peak Yields Pull Cash Into Bonds, Testing 60/40 Portfolios
Bond ETFs took in a record $525 billion this year even as many bond funds lost money, with yields at 24-year highs reshaping the 60/40 portfolio.
9 h ago8 min read
Greene: BoE can't wait for second-round inflation effects
BoE's Megan Greene warned that waiting for second-round inflation effects to appear before acting would leave the Bank too late.
11 h ago12 min read
Oil volatility and rising rates drive Australian business confidence to -13: NAB
NAB's September business confidence index dropped to -13 and conditions held at -1, pressured by oil swings and interest rate rises.
11 h ago15 min read
Widening AI gap leaves just 32 countries generating 95% of global growth, IMF warns
IMF raised 2026 global growth forecast to 3.1%, citing AI spending, but warned concentration among 32 nations now accounts for 95% of expansion.
12 h ago17 min read
Treasury yields outpace stocks as equity risk premium falls to -1.5%
The yield spread between the S&P 500 and 10-year Treasuries has turned negative at -1.5%, meaning safer bonds now yield more than stocks.
12 h ago10 min read
BlackRock shifts US equity stance to neutral, builds Treasury holdings as yield approaches 5.25%
BlackRock moved US stocks from overweight to neutral and raised Treasuries, arguing markets overpriced further Fed tightening. It also cut its underweight onβ¦
13 h ago19 min read
RBA Minutes Reveal Three Reasons for 4.60% Rate Hike, Further Increases on Table
RBA board voted for 25 bps rate rise to 4.60% in September, citing materialised inflation risks and higher neutral rate. Further increases remain on the table.
13 h ago18 min read