🧵 1. Markets react swiftly to Japan's potential new PM. USDJPY spikes, then drops on news of a rival's win. Nikkei and Bitcoin down, China, HK markets up. #world
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🧵 2. SGX iron ore futures soar as China stimulus optimism prevails. US Treasury yields lower post-PCE inflation report. 2-year yields down, 10-year yields slightly down.
🧵 3. Canadian GDP beats expectations in July, showing improved growth. Yields soften in Europe on weak CPI figures for Spain and France, raising potential ECB rate cut in October.
🧵 4. Analysts scrutinize inflation reports from European countries for hints on ECB's future moves. Markets engaged in reading PCE fluctuations.
🧵 5. Amid market turmoil, significant global events unfold, shaping a new path ahead.
🧵 Read more at: https://www.zerohedge.com/markets/changes-everything