🇫🇷 France's 10Y bond yield hits 4.16%, the highest since 2008. 🇩🇪 Germany's 10Y bond yield hits 3.31%, the highest since 2011. 🇵🇹 Portugal's 10Y bond yield hits 3.665%, the highest since 2023. 🇮🇹 Italy's 10Y bond yield hits 4.15%, the highest since 2024. 🇪🇸 Spain's 10Y bond yield hits 3.76%, the highest since 2024.
$AXTI makes specialized semiconductor materials called wafer substrates used in high-speed optical communications, AI data centers, and laser technology.
🇺🇸 INSIGHT: Sec. Bessent dismisses concerns over rising US debt, saying the US market is the “best performing” among its global peers this year, per Reuters. $BLESS $XMR $CYS
🚨 KEVIN WARSH'S RATE HIKE CASE DEPENDS ON THIS WEEK'S JOBS DATA.
At Jackson Hole, he leaned hard on 4.1% unemployment and near record low jobless claims to argue the Fed has room to keep rates high, or go higher, without hurting workers.
That argument only holds up if the numbers keep cooperating.
Three separate labor reports land this week, and each one either backs Warsh up or pulls the rug out from under him.
JOLTs job openings show whether companies are still hiring or quietly pulling back.
ADP gives an early read on private payroll growth before the official number drops.
Then Friday's nonfarm payrolls and unemployment rate settle it. Strong numbers, and the Fed's hawkish tilt gets fully justified.
Weak numbers, and the entire case for a September hike starts falling apart.
On top of that, PPI and CPI data land the week after, right before the FOMC meeting, adding two more data points the Fed can't ignore.
Warsh built his speech on a labor market with no weak spots, and all of it gets tested over these two weeks. $CYS $USELESS $HEMI
UNI price reached $5.4 hitting January 2026 high driven by Robinhood Chain integration generating $4.29M daily fees. Protocol burns 110 million UNI worth $630M total with daily burn exceeding $400K creating deflationary tokenomics flywheel.$BTR #Uniswp
President Trump announced plans to fill US Strategic Petroleum Reserve with Venezuelan oil, calling it a gift from Venezuela. The historic deal could potentially double US oil reserves and significantly impact global energy markets. #VenezuelaUSSign25YearOilDeal $CL $BZ