Europe markets close lower as oil jumps and Fed rate hike bets intensify
European markets fell as oil surged and Fed rate hike bets topped 90%, with AI concerns also weighing on stocks.
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European markets fell as oil surged and Fed rate hike bets topped 90%, with AI concerns also weighing on stocks.
South Korea's economy is booming on AI chip demand, but the Bank of Korea warns the concentration poses a financial stability risk if the cycle turns.
Rate hike expectations rose across major central banks last week after oil surged past $100, stoking inflation fears.
India's August retail inflation rose to 4.82% from 4.45% in July, firming the case for an RBI rate hike in October.
The Bank of Japan is widely expected to hike its policy rate to 1.25%, the highest since 1995, while bitcoin remains stable ahead of the decision.
Former FTC commissioner Alvaro Bedoya dismisses AI extinction warnings as a strawman, arguing antitrust is no barrier to safety coordination among labs.
Gold prices have fallen below $4,300, with a break of technical support levels potentially triggering a deeper selloff before the Fed decision.
Bitcoin may face a "sell the fact" drop after the CLARITY Act vote, with FOMC decision looming. Technical levels show key supports and resistances to watch.
US stock futures fell as AI safety remarks from top executives and surging oil prices weighed on tech shares ahead of the Fed decision.
The FCA plans to propose exempting tokenized gold from fund rules, potentially boosting London's gold market competitiveness.