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🔥 Another Week. Another Strong Performance. 📊💚
820 Green Pips | 85 Red Pips | +735 Net Pips 🎯
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🇪🇺 The European Central Bank is expected to raise interest rates by 25bps on Thursday, after pausing in July.
🔥 Why the hike?
• Eurozone inflation jumped to 3.3% in August, well above the ECB’s 2% target.
• Renewed Middle East tensions have pushed energy prices higher, adding to inflation risks.
• Eurozone Q2 GDP grew 0.6% QoQ, showing stronger-than-expected economic momentum.
👁️🗨️ What markets will watch:
The hike itself is largely priced in.
The BIG focus will be on Christine Lagarde’s comments and the ECB’s updated economic forecasts.
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887
US Treasury will buy back up to $6B of longer-dated debt Thursday, above its previously announced $4B minimum per operation
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Iraqi Oil Ministry: A vessel used to store fuel oil was struck by an unknown source in Iraqi territorial waters - Post on X.
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BREAKING: Brent crude oil prices surge above $100 per barrel after the US strikes Iranian oil tankers near the Strait of Hormuz.
This puts oil prices up +43% since July 2nd.
$100 oil is officially back.
887
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887
JUST IN: 🇶🇦🇨🇳🇺🇸 Qatar is working with regional partners and China to resume talks between the U.S. and Iran, according to the Qatari Foreign Ministry.
