Markets
Stocks, bonds, currencies and commodities, plus the macro flows moving global markets day to day.
Gold Rises as Dollar Weakens and Inflation Data Cools Rate Hike Bets
Gold prices rose as the US dollar weakened and a cooler inflation report reduced the likelihood of a near-term Federal Reserve rate hike. Ju
30-Year Treasury Yield Hits 19-Year High as Bond Markets Test the Fed
The 30-year Treasury yield hit its highest level since 2007 after the Fed left rates unchanged for the seventh straight meeting. The move si
Stocks Rebound as Microsoft Eases AI Spending Fears, 30-Year Yield Tops 5.2%
Stocks recovered as June's PCE inflation data matched expectations and Microsoft's steady outlook eased concerns about costly AI investments
ICE to Buy MarketAxess for $5.7 Billion in Push to Streamline Bond Trading
Intercontinental Exchange (ICE) is acquiring MarketAxess for $5.7 billion in cash, paying a 33% premium to build an all-in-one bond trading
European stocks edge up as Bank of England holds rates steady
European stocks edged higher Thursday after the Bank of England held its key rate at 3.75% on a 6-3 vote, with tech and bank shares leading
TSX edges higher as energy and mining earnings lift futures
Canada's TSX futures edged up 0.3% early Thursday after Vermilion Energy and Kinross Gold reported stronger second-quarter profits. Oil and
AI IPO Zhongji Innolight Slips in Hong Kong Debut, Asian Markets Mixed
Zhongji Innolight, an optical-networking supplier tied to AI data centers, closed 2% lower in its $6.8 billion Hong Kong debut. Japan's Nikk
Emerging Markets Stumble as Fed Holds Firm and Oil Prices Climb
Emerging-market assets wobbled after the Fed signaled no rush to cut rates, while oil prices firmed on renewed Middle East tensions. MSCI's
FTSE 100 hits record high as defense and mining stocks rally
London's FTSE 100 hit a fresh record on Thursday, led by defense firms and miners. Rolls-Royce jumped 5.6% after raising its outlook, while
Arcadis rejects WSP's €5.2 billion bid, dealmaking heats up across sectors
Arcadis has rejected a €5.2 billion takeover bid from Canada's WSP Global, calling it too low. The news comes amid a flurry of cross-border
Hang Seng edges up as Fed split and China spending pledge offer mixed signals
The Hang Seng Index closed 0.2% higher at 25,858.88, as a divided Federal Reserve kept rates unchanged and China pledged to accelerate fisca
Asia AI hedge fund trade unravels with 18.6% July loss
Asia-focused long-short hedge funds that piled into AI chip stocks are suffering heavy losses. Goldman Sachs says the funds are down 18.6% i