Treasury yields posted one of the steepest three-day declines of the year, sparking safe-haven flows into bonds and gold. Meanwhile, gold closed at a record $3,642, and EUR/USD traded within a narrow range on Fed-ECB policy divergence.
The ECB kept rates unchanged, signaling caution while inflation and growth forecasts showed gradual stabilization. OPEC+ announced further output increases in October, balancing revenue goals with price stability.
In Japan, Ishiba exited the LDP leadership race, fueling political uncertainty and pushing bond yields higher. U.S. inflation accelerated to 2.9% in August on food, vehicles, and energy, while producer prices fell, suggesting easing wholesale pressures.
Globally, markets also tracked U.S.-China dialogues, corporate restructuring in Europe, and major tech headlines such as Tesla’s $1 trillion Musk incentive plan. Looking ahead, attention turns to central bank decisions (Fed, BoJ, BoE, BoC, Norges Bank), U.S.-China trade talks, and a wave of inflation, retail sales, and industrial data across major economies.
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