EUR/USD
1.15971
-0.121%
Gold
4342.11
0.594%
Oil
96.315
-4.190%
USD/JPY
154.220
-0.126%
GBP/USD
1.35055
-0.038%
GBP/JPY
208.286
-0.168%
Real-time News
Mayor of Kyiv: An explosion has occurred in the city. Air defense forces are on the move.Market news: An explosion was heard in Kyiv.The Dark Side of the Moon project is reportedly projected to reach $2 billion in annual sales by 2026.On September 11th, Bank of America strategists stated that capital outflows from US stocks are setting the stage for increased volatility, while markets and policymakers remain complacent about rising US Treasury yields. Bank of America cited EPFR Global data, stating that US equity funds saw outflows of $14.2 billion over the past three weeks, the largest outflow since January. Global capital inflows are also slowing, with global equity funds averaging $7 billion per week during the same period, far below the $52 billion in July. This indicates that investors are becoming more cautious, but there are no signs of panic yet, even as oil prices break through $100 per barrel and diesel prices hit record highs, the Federal Reserve is still discussing data-dependent interest rate hikes. Strategists, including Hartnett, stated that markets stop panicking when policymakers start to panic, but despite 30-year yields hitting their highest level since June 2007 and commodity prices soaring, there is no panic. However, a stagnant market and blustering policies are "the recipe for increased volatility." The Bank of America team warned that despite $1.5 trillion invested in AI over the past three years, there is little evidence of productivity gains across the entire economy. In fact, total factor productivity is falling below the trend line, an indicator that has been highly correlated with consumer confidence over the past 50 years.French Finance Minister Lescourt: Jean-Luc Mélenchons (leader of the French left-wing party La France Insoumise) debt cancellation proposal would be illegal and violate EU treaties.
