PBOC is expected to set the USD/CNY reference rate at 7.1213 – Reuters estimate

PBOC is expected to set the USD/CNY reference rate at 7.1213 – Reuters estimate PBOC CNY reference rate setting for the trading session ahead.

Nasdaq hits record highs, futures flat as traders eye Fed. Investors brace for rate decisions, sector rotation.

Fed meeting looms! Nasdaq hits record +2%, S&P +1.6%. Rate cut odds at 96%. AI buzz vs. bubble fears.

Goldman Sachs: AI slowdown could crash the S&P 500 by 20% Goldman Sachs caution, given the dominance of AI-linked firms in the index. While investment remains strong now, analysts fear deceleration by late 2025 would leave equities exposed.

Fed futures price in a 25-basis point cut, not the 50-point cut POTUS wants. Inflation risks loom.

Deutsche Bank tips Fed to cut rates at September, October and December meetings this year DB says the risks are skewed toward further Federal Reserve rate reductions next year

UK house prices fall y/y, rents jump the least in 4 years Data via UK Rightmove and also Zoopla