- HICP +2.4% vs +2.4% y/y prelim
There is no change to the initial estimates but the core reading remains high at 6.1% year-on-year. That is just down a touch from 6.2% year-on-year in July.
There is no change to the initial estimates but the core reading remains high at 6.1% year-on-year. That is just down a touch from 6.2% year-on-year in July.
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Hedge funds are rotating into short-dated Treasuries, Asian currencies and beaten-down equities as the US-Iran deal deflates war-risk premiums and eases pressure on Federal Reserve rate expectations.
Barclays sees gold hitting $4,900 as Iran-driven correction fades. Gold underperformed during the crisis for technical reasons; Barclays argues the structural case is unchanged.
Micron's fair value nears as AI chip demand fuels gains. Shorting puts yields 7%.
Dow hits record high on deal hopes; SpaceX rockets, Nvidia jumps 10%. Traders eye valuation shifts.
SpaceX rockets 19% on debut! Traders cheer its valuation, ignoring broader market jitters.
The Bank of Japan is expected to raise its policy rate to 1% on Tuesday, a 31-year high, with Deputy Governor Uchida to brief markets on the outlook amid uncertainty over the Iran peace deal.
Nvidia's $20B debt sale fuels AI boom, boosting stock. Investors eye growth vs. rising debt.
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