Carney: Trade Talks Only When US Drops Memes
Canadian PM Carney demands US stop memes before trade talks resume. Retaliatory tariffs set for Sept 8.
Canadian PM Carney demands US stop memes before trade talks resume. Retaliatory tariffs set for Sept 8.
US dollar strengthens to new highs against major currencies, supported by rising oil and yields amid Middle East tensions after Trump said US strikes Iran.
Gold lost nearly $100, dropping to $4353 and its lowest level since August 18, as sellers broke through key support.
Bessent stressed monetary policy communication and backed Japan's yen steps. Also commented on Fed; crude oil rose on Iran attack.
Ethereum fell 3.7% from August high as short-term ETF inflows slowed and whale selling emerged, but long-term structural indicators remain supportive.
Bessent said Japan is taking right steps for its economy; G20 discussed growth and trade protection. Xi-Trump meeting set for Sept 2026.
Carney said Canada never believed it had a trade deal with the US and criticized US officials' insults.
US construction spending dropped 0.5% in July, worse than the expected flat reading. Residential construction led the decline.
US manufacturing ISM PMI fell to 54.6 in August, missing the 55.2 estimate, with most components weakening.
JOLTs job openings for July were 7.271 million, slightly below the 7.300 million estimate, with little change in hires and quits.
The S&P Global US manufacturing PMI for August was finalized at 53.9, above the preliminary 53.2 estimate, with slower output growth but rising confidence.
ECB's Nagel said the global economy remains on a growth trajectory despite Middle East tensions and welcomed coordinated JPY intervention.
Fed's Barr warns persistent inflation above target could lead to a rate hike if it doesn't moderate soon.
The US dollar strengthens against all major currencies as Treasury yields rise, with the euro zone core inflation easing and markets eyeing a September rateβ¦
Global government bond yields are climbing due to inflation, rate expectations, and debt supply. This guide explains the basics and impact on markets.