Goldman Beats Big, JPMorgan Falls Short: What Bank Results Signal for Stocks
Goldman beat profit forecasts by 30% and Citigroup topped estimates, while JPMorgan and Wells Fargo fell short. Index futures barely moved.
14 min ago12 min read
Macro Rates
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
A stronger dollar is a bullish signal for Bitcoin, according to Build Asset Management's CIO
Build Asset Management CIO Matt Dines says a rising dollar is bullish for Bitcoin as capital shifts to a U.S.-led Western Hemisphere system.
1 h ago4 min read
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
Bitcoin rebounds as crude retreats; US CPI data next in focus
Bitcoin recovered after oil prices pulled back, with traders now awaiting US CPI data as the next catalyst.
5 h ago7 min read
EUR/CHF rebounds, but French-German yield spread keeps euro risks alive
EUR/CHF bounced off support near 0.9300 this week, but the elevated French-German yield spread around 141 bps keeps euro risks intact.
6 h ago7 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.
8 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
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