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Week Ahead for FX, Bonds: U.S. PCE Inflation, Eurozone CPI Data in Focus
U.S PCE inflation figures, alongside data on the U.S. economy, are likely to take center stage as investors anticipate that the Federal Reserve will cut interest rates next month.
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On the Convention Stage, Democrats Courted the Middle Class. After Hours, They Partied Like the 1%.
Long lines left DNC attendees asking, ‘How is this less organized than Lollapalooza?’
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Fed’s Powell Declares ‘Time Has Come’ for Rate Cuts
Fed Chair Jerome Powell said in Jackson Hole, Wyo., Friday that the central bank intends to act to stave off a further weakening of the U.S. labor market.
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The Morning Risk Report
A crypto lobbyist connected to an FTX executive was indicted on campaign-finance offenses, and PG&E is racing to confront an uptick in fires in the riskiest months of wildfire season. Plus, Canada ordered an end to a rail work stoppage.
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CVC and Abu Dhabi, Singapore Funds Make Around $15.6 Bln Joint Bid for DB Schenker
CVC Capital Partners, Abu Dhabi Investment Authority and Singapore’s sovereign-wealth fund have bid around $15.56 billion for Deutsche Bahn’s Schenker division, a person close to the deal said.
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Gold Fields Falls After Another Guidance Cut, Disappointing Profit
Gold Fields fell after it booked a lower-than-expected net profit for the first half of the year and cut its full-year production target for a second time due to operational issues.