GGMA Markets Briefing: Oil Climbs and Treasuries Slip as Asia Stalls After Wall Street's Records
๐บ๐ธ Asian stocks slipped and Treasuries fell as oil climbed, breaking from a Wall Street rally that took the S&P 500 and Nasdaq 100 to records, and two Fed officials named AI as a growing driver of inflation ahead of tonight's minutes.
๐ข๏ธ Oil rose as Iran stepped up tanker attacks in the Strait of Hormuz and a storm took aim at the US Gulf Coast, even as flows through the strait approach pre-war levels.
๐ฎ๐ณ India's central bank raised rates for the first time in nearly four years and moved to a tightening stance, joining the global wave of rate rises.
๐ฏ๐ต Japan's real wages rose for an eighth month and a Bank of Japan dissenter backed further rises in stages, keeping December in play.
๐ช๐บ French fiscal risk kept pressure on the euro and French bonds, and the euro held near its weakest since May 2025.
๐ฐ๐ท Samsung heads into Thursday's results with investors questioning whether the memory-chip boom will last, while SpaceX is in talks to borrow to buy Nvidia chips.
Today's Macro Roadmap: German industrial production, Swedish inflation and Poland's rate decision, then US crude inventories and New York Fed inflation expectations, ahead of the Fed's September minutes at 20:00 CET.
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