Morning Bid: Waiting on PCE for rate clues

Investors prepare for key inflation data influencing the Fed's policy, amid concerns over tariffs, potential rate cuts, and the ECB's divided stance on inflation expectations.

Canadian Firm Luxxfolio Plans $73M Raise to Expand Litecoin Treasury Strategy

Luxxfolio filed a shelf prospectus to raise CAD$100 million, pivoting to Litecoin as treasury, addressing financial challenges, and exploring institutional interest in altcoin treasuries.

Dollar set for monthly drop on growing US rate cut wagers

Fed governor, CDC director turn to top Washington lawyer in Trump fights

Washington lawyer Abbe Lowell has opened a new firm representing officials targeted by Trump, including Federal Reserve Governor Lisa Cook, amid ongoing lawsuits regarding unlawful firings and allegations.

Hedge funds in Europe gain favour as investors steer away from US, says BNP Paribas

Investors are shifting hedge fund investments towards Europe and Asia, influenced by U.S. policy uncertainty, with Europe seeing significant inflows in 2025, according to a BNP Paribas survey.

US pending home sales ease in July

Pending home sales in the U.S. fell 0.4% in July due to high mortgage rates and a slowing labor market, despite a 0.7% increase from last year.

Fed’s Cook sues Trump over his attempt to fire her; court hearing set for Friday

US weekly jobless claims fall amid low layoffs

Jobless claims fell but hiring remains weak, potentially raising unemployment to 4.3%. Economic growth slows amid trade policies and reduced labor supply may mask market issues.

For bruised bond markets, turbulence persists as debt sales ramp up again

Global bond markets face volatility as yields rise ahead of expected bond sales in major economies, raising concerns over debt sustainability amid political uncertainties and inflation pressures.

Bank of Korea expects ’significant’ economic shock even after US trade deal