ECB's Schnabel set to depart for senior IMF role, reports say
ECB board member Isabel Schnabel is reportedly leaving to join the IMF in a senior position.
ECB board member Isabel Schnabel is reportedly leaving to join the IMF in a senior position.
Fed's Williams says another rate hike this year is 'reasonable' and inflation is the biggest obstacle.
Germany's Ifo business climate index rose to 89.9 in September, beating expectations, while the expectations index also climbed.
Strong economic data can sometimes hurt stocks if it raises inflation fears and prompts tighter monetary policy.
European stocks opened lower as surging bond yields and higher oil prices weighed on risk sentiment.
French consumer and business confidence remained weak in September, with inflation pressures clouding the outlook.
The SNB is set to hold rates at 0% while focusing on inflation and franc strength, as Switzerland remains concerned about deflation.
Japan's flash composite PMI fell to 52.5 in September, a four-month low, as price pressures stayed sharp and hiring accelerated.
US Treasury yields hit multi-year highs as strong growth and sticky inflation pressure the Fed. Stocks fell sharply.
US dollar rises as Treasury yields climb and odds of another Fed rate hike increase.
Bitcoin fell under $84,000 after strong US PMI data pushed Treasury yields higher.
Fed's Michael Barr said more rate hikes are likely needed to bring inflation back to 2% in a timely manner.
UK September flash services PMI fell to 51.7, below expectations; manufacturing beat at 52.0, composite also missed.
Germany's September flash manufacturing PMI came in at 53.8, below the expected 54.0, while services and composite PMIs beat forecasts.
France's September PMI readings returned to expansion, with services at a 10-month high, but rising price pressures complicate ECB outlook.