Central Banks
Gold drops 0.5% to $4,405.47 after strong U.S. payrolls data
U.S. job growth accelerated to 4.1% unemployment in August, reinforcing rate-hike expectations and weighing on gold prices as traders await Friday's CPI report.
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Eurozone bond yields hit multi-year highs at 3.40% ahead of ECB meeting
German 10-year bond yields reached a peak since April 2011 as traders anticipated two interest rate increases in 2026.
Japanese yield rises to seven-month high, signaling capital repatriation trend
The Japanese yen reached a seven-month high while bond yields climbed, indicating a potential shift where institutions may retain funds domestically.
President Tinubu tells Nigerian banks to move from intermediation to financing production and jobs
Nigerian President Bola Tinubu urged the banking sector to shift focus from funding government debt to creating businesses, production, and employment.
Top Stories
Federal Reserve Chair Kevin Warsh signals upcoming interest rate hikes as oil prices spike to $92.68 per barrel amid US-Iran conflict
US rate cut bets fall below 50% after Fed Governor Waller says he prefers steady rates if inflation stabilizes
Dow Jones rises 627 points as Fed Governor Waller signals support for steady rates if inflation cools