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Investors Await Fresh Inflation Data, ECB Decision
Stock futures held steady with producer-price data in focus after the CPI eased to a new three-year low a day earlier.
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Euro Could Fall if ECB Meeting Signals October Rate Cut Is Possible
The euro could fall if the ECB prompts bets on further rate cuts as soon as October, following a widely expected 25 basis-point deposit rate cut on Thursday, Commerzbank said.
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China’s Slowdown Threatens Pace of Global Oil-Demand Growth
A rapid slowdown in Chinese oil-demand growth is driving down global consumption, reinforcing expectations that demand will peak by the end of the decade, the IEA said.
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Oil Prices Remain Under Pressure Despite Rebound
Oil rose after Hurricane Francine moved through key production areas in the Gulf of Mexico, causing producers to shut a fourth of their operations in the region that produces around 15%-17% of total U.S. output, but Swissquote Bank said it was far from enough to push prices sustainably higher.
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Swisscom’s $9 Billion Vodafone Italia Buy Probed by Regulator
The Italian competition regulator has opened an in-depth investigation into Swisscom’s acquisition of Vodafone Italia.
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SpaceX Astronauts Set for Private Spacewalk
Billionaire Jared Isaacman is helping to fund the first-ever commercial spacewalk that will test new SpaceX-designed suits.