9+ hour, 54+ min ago   (232+ words) The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this. No 7 day reverse repo today China International Capital Corp raised its fourth quarter Brent forecast to $85 a barrel from $80, citing a slower…...

2+ day, 16+ hour ago   (195+ words) The market is already priced at 86% so they're late to the party on this one. Might as well also put out a forecast for Spain to win the 2026 FIFA World Cup. In any case, all that's at stake now is…...

3+ day, 17+ hour ago   (270+ words) The good news for Trump is that if he doesn't want the Federal Reserve to hike rates twice before year end, he has the tools to stop it. Today, we're seeing signs of a scramble to secure supplies with brent…...

3+ day, 10+ hour ago   (276+ words) The daily fixing is Beijing's quietest but clearest tool for telling markets how fast it wants the yuan to move, and lately the message has been to slow down. The People's Bank of China sets the daily USD/CNY reference…...

3+ day, 5+ hour ago   (122+ words) The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this. Tesla's Cybercab touts 50% cheaper rides than Uber, yet sometimes costs double—traders weigh the pricing risk. S&P 500 slips below 50-day as…...

3+ day, 15+ hour ago   (318+ words) US stocks finished lower across the board, pressured by another sharp rise in Treasury yields. The 10-year yield increased 11.8 basis points to 4.9545%, its highest level since October 2023. The rise in borrowing costs weighed particularly heavily on small-cap and technology stocks....

3+ day, 15+ hour ago   (295+ words) The climb in oil was compounded by a slightly hot PPI report but that number created some fresh angst into tomorrow's pivotal CPI report. Fed pricing ahead of that is for a 70% chance of a hike. After CPI tomorrow it…...

3+ day, 22+ hour ago   (370+ words) The US dollar is sizzling today as the market senses that the Fed will have no other choice but to hike rates. Oil is up for the eigth consecutive day and the gains are accelerating. WTI is up $4.25 on the…...

3+ day, 22+ hour ago   (107+ words) The 'no brainer' line and some other comments were surprisingly hawkish. OpenAI swaps $1/year federal pilot for usage-based pricing, offering 50% discount to agencies. Starbucks' Niccol wins back customers, now bets $1B on store upgrades to fatten margins. August home sales drop…...

3+ day, 23+ hour ago   (454+ words) Oil prices and bond yields continue to push higher in European trading today, offering a timely reminder to broader markets that inflation risks remain very much in focus. Brent crude is up over 1% to above $102, while WTI crude now up…...