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Gold fell below $3,150, oil prices dropped over 3%, and the US dollar fell 0.7% against the Japanese yen.
European stocks slightly declined, India’s stock market continued to rise, US oil and Brent crude oil both dropped over 3%, spot Gold fell about 1%, the USD decreased by about 0.3%, and the USD against the Japanese yen fell about 0.7%.
U.S. Treasury Yields Are Stable Ahead of Data -- Market Talk
The Fed Wants to Hit Its Inflation Target. Why It Might Not Get To. -- Barrons.com
Peter Schiff Warns Qatar's $200 Billion Boeing Deal Could Spike US Inflation, Interest Rates — Says Treasury Sell-Off May Follow
Making Trump happy! Can the wealthy sheikhs of the Middle East really come up with "trillions" so easily?
There is a significant gap between the economic and fiscal capabilities of the Gulf countries and these huge numbers they have committed to; Saudi Arabia's GDP is just slightly above one trillion dollars, and Qatar's GDP is only a little over two hundred billion dollars, while fluctuations in oil prices may further threaten the realization of these commitments.
US Treasury yields are nearing the critical 5% mark! Market veterans suggest that a "Truss-style collapse" may be needed to force fiscal reforms.
Faced with the continuous fiscal stimulus from the new government, Stephen Jen, head of Eurizon SLJ Capital and a seasoned market veteran, feels deeply worried and has even begun to question whether the USA needs to experience a debt market collapse like that during former UK Prime Minister Liz Truss's term to force the government to change its course.
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