Topic: Daily Market Updates
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Dollar dominates as risk sentiment sours
Yields at 15-year highs pressure equities, PBoC pushing back against weak yuan, and sterling stumbles after retail sales miss.
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Global yields rise despite weaker China
Elevated core inflation supportive of the pound, the grass is greener in the US, and China pushed down euro below $1.09.
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UK services inflation accelerates again
Pound edges up after inflation, euro steady despite weak China data, strong US consumer helps dollar.
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Pound recovers after UK jobs report
UK wage growth hits record high, dollar hits 1-month high, and the euro is cushioned by China rate cut.
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Dollar firms as risk assets feel the squeeze
It’s all about the dollar but gains still limited, China is limiting the euro’s potential, and the pound mixed before UK wage and inflation data.
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Markets whipsaw as US inflation digested
CPI bolsters cause for a Fed pause, will the ECB pause in September as well? Pound buoyed by GDP beat.