- Stock markets resumed their rise as traders increased their bets that central bankers are making a worldwide policy shift towards rate cuts, while the US 10-Yr yield rose towards 4.2%.
- US market futures edged up as the Stoxx 600 index traded around its best level in four months, while Bitcoin traded close to $44k, extending the largest cryptocurrency's winning streak since May, fueled by hopes of looser monetary policy.
- The latest move up in bonds was triggered by action in Europe, after the European Central Bank's most hawkish officials said Tuesday that inflation is showing a "remarkable" slowdown. The rally gained momentum from weaker-than-expected jobs-market data out of the US, indicating that inflationary wage pressures were easing, giving the Federal Reserve room to begin cutting rates.
- The latest move up in bonds was triggered by action in Europe, after the European Central Bank's most hawkish officials said Tuesday that inflation is showing a remarkable slowdown. The rally gained momentum from weaker-than-expected jobs-market data out of the US, indicating that inflationary wage pressures were easing, giving the Fed room to begin cutting rates.
- An index of sovereign debt that excludes Treasuries rose to its highest level since April 2022, as traders bet the ECB will cut interest rates before the Fed, and US government bonds are set for their first annual gain in three years, as bond investors prepare for the end of the economic resilience that made 2023 so difficult.
- SocGen set to become first big bank to list stablecoin - FT.
- Moody's changes outlooks on 18 Chinese non financial corporates to negative.
